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Vauxhall boss: 'Good times are back' in car sales boom

The boss of Vauxhall has welcomed a boom in new car sales in the UK and has said it showed "the good times are back".

With figures for March at their highest for 10 years, Vauxhall's Tim Tozer said it shows greater confidence in the economy.

But he insisted that there will not be be a return to boom and bust.

ITV Business Editor Joel Hills looks at the reasons behind the sales surge:

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New car sales at their highest level for a decade

New data from the Society of Motor Manufacturers show new car sales in March were at their highest level since 2004.

  • 464,824 cars were registered in March, a 17.7% year-on-year rise
  • Sales in the first three months of the year up 13.7% compared to 2013
  • Second-highest monthly figure since the introduction of twice-yearly registrations in 1999

Vauxhall boss: 'This is not boom and bust territory'

In his first interview, the new head of Vauxhall UK has told ITV News that rising house prices are helping car sales because of increased consumer confidence.

But Tim Tozer insisted to Business Editor Joel Hills that a rise in car sales did not herald a return to "boom and bust territory".

Vauxhall boss: 'The good times are back' for car industry

The new head of car company Vauxhall has told ITV News Business Editor Joel Hills that "the good times are back" following an upturn in car sales.

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  1. London

Pilot Pete Barnes speaking to ITV News in 2002

The pilot of the helicopter which crashed in central London had thousands of hours of flying experience including for films such as Die Another Day and Saving Private Ryan.

Pete Barnes, who died when the helicopter he was flying hit a crane on a high building and crashed onto a street in Vauxhall, had amassed around 9,000 hours of flying time, including 3,500 hours on the type of craft he was piloting today.

CBI: 'Britain's auto industry is a real success story'

Katja Hall, CBI Chief Policy Director, said:

“This significant investment at Ellesmere Port helps to confirm the UK’s place in the fast lane of European car manufacturing. GM’s investment will secure existing jobs and create hundreds of new ones, directly and in the supply chain.

“Britain’s automotive industry is now a real success story – for the first time in decades our balance of trade in cars is positive, and major investments like this are a vote of confidence in the UK.”

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