2014 was the best year for new car sales in the UK in a decade; figures rose by over 9% taking them just shy of the 2.5 million mark. These results rank the year as the fourth best of all time and take the industry back beyond pre-recession levels. The market is proving to be so attractive that many companies planning to introduce new models in the coming years are thinking about building them here. This will create more automotive jobs and attract talented specialists from all around the world.
There are several reasons behind the recent success of the market. The first of these is the fact that there are really good financing options available on vehicles that let people spread out the cost. With low interest rates and many companies including servicing and extended warranties on vehicles buying a new car is very attractive.
The development in greener, eco-friendly technologies is also having a big impact on buyer behaviour. New cars are becoming more efficient and cheaper to run as they seek to reduce fuel consumption and pollution. Keen eyed buyers realise that by buying a new car they can make great savings on the running costs and find long term value.
The new car market is also being driven by high demand for used cars. This means trade in values are higher and people can get more generous part exchanges, making it more affordable to purchase a new car.
The automotive industry is one of the largest in the UK with recent figures saying turnover was in excess of £64 billion a year. More than 160,000 people are employed directly in the sector and more jobs are anticipated in the coming years. If you’re looking for an exciting career make sure you keep an eye out for the latest automotive jobs. There are so many different roles available that you can find the perfect one for you, whether it is directly linked to manufacturing vehicles or a service role.