UK market Forecast for 2016 (PC+LUV)
- During the first nine months of 2015, the increase in the British car market has already reached 8.2% .
- According to the OECD, the economic growth is planned to continue at a robust pace over the coming two years, driven by domestic demand. House prices have continued to rise, although housing supply is edging up. The unemployment rate has stabilised at around 5.5%, and recently wage growth has picked up. However, weak global trade and past currency appreciation are holding back exports.
- Despite good economic indicators, growth of British car market is expected to be lower in 2016 than 2015 ( increase of less than 2%).
- Following new models, to be launched in 2016 and which can stimulate the British market during the year, are worthy to mention: Ford Fiesta, which positions itself traditionally among the two best selling cars in this market., Vauxhall Astra (rebranded version of the Opel Astra), launched in late 2015, which can also be one of the novelties that can boost the British market, since it is traditionally among the top five best selling car in this market.
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