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Car sales hit record high in 2016 – and it’s all thanks to leasing!

Latest figures from the Society of Motor Manufacturers show the numbers of cars sold in the UK has hit a record high - with close to 1.5 million sold to fleets and businesses.

Nearly 2.7 million cars were registered across 2016, and the British Vehicle Rental and Leasing Association (BVRLA) Chief Executive Gerry Keaney said: "2016 was another great year for the automotive industry, with nearly 1.5 million new cars registered to fleets and businesses. BVRLA members buy many of these vehicles, and while these sales will be classed as fleet registrations, they are often leased to consumers."

Vanarama's James Pocock, New Car Sales Manager, said: "These results are incredibly strong and the continuing popularity of leasing is easy to explain: it makes owning aspirational vehicles far more affordable, and the modern world is all about keeping up with trends – you can change your car as often as you change your phone. It's also hassle-free with the cost of a vehicle and road tax pulled together into one monthly cost, and there's no worrying about depreciation in value either."

We'll keep you posted on 2017 as it happens.