UK’s fastest growing car brands
New data released from Regtransfers.co.uk reveals the fastest growing car brands over the past 20 years, uncovering a ‘luxury car’ boom and how British automaker MG have made a big comeback.
Over the past 20 years there has been an influx of cars taking to the roads. With data showing the most popular cars from 1998 to the present day, Regtransfers.co.uk have been able to analyse the percentage growth of each brand by looking at the number of new cars registered and spot the trends that have emerged.
Between 1998 and 2002, Kia saw a 3090% growth rate, starting off with 48 cars on the road in 1998 and finishing with just over 1,500 in 2002. It continued to enhance its reputation as a reliable brand, making a mark as one of the fastest growing car brands until 2012. By 2012 Kia had over 60,000 (61,372) new cars registered and had a 131% growth rate.
The Fiat 500 turned 60 last year – and while its modern-day incarnation may be the one you see each day, the car maker claims 400,000 of the tiny originals are still on the road today. They had the biggest spurt between 1998 and 2002 with a 933% growth rate, but despite huge growth in the late 90’s, the Fiat 500 has recently been knocked off the charts by ‘luxury cars’ like Bentley, Lamborghini and Aston Martin.
Britain’s love for the luxury car is on the rise, with registrations increasing year on year. Brands including Porsche, Mclaren and Lamborghini are among the key automotive firms stimulating the surge. The increase in sales of luxury cars could be down to an increase in consumer confidence after several years of austerity.
Bentley has seen the biggest percentage growth over the past 20 years – particularly between 2003 and 2007 – with a 766% growth rate.
Between 2008 and 2012 McLaren had a surge in the number of new cars registered, going from 41 in 2008 to 129 by 2012, making a growth rate of 215%. After recently just delivering its 15,000th car, it has seen an even bigger growth rate of 581% in the last four years.
All brands aim to increase their sales year by year, but few can match the growth that MG has enjoyed recently. In the late 1990’s into the early 2000’s MG’s only had a growth rate of 337%. However, between the years of 2008 and 2012 it increased to 469% and this spike in sales continued into the last few years, with a recent growth rate of 782%, making it the fastest growing car brand of 2017 in the UK.
Furthermore, Tesla has had a 621% growth rate between 2013 and 2017 and at the end of last year, was in the top 3 fastest growing car brands.
