In a further sign of the U.K.'s recovery, British consumers are rushing to buy new cars, with spending levels back to their pre-recession best – in spite of the fact that wages have not caught up with the country's improving economic data.
New car sales in the country grew by 10.8 percent last year to hit a five-year high, according to figures from the Society of Motor Manufacturers and Traders (SMMT) released on Tuesday.
The organization said 2,264,737 vehicles were registered in 2013, exceeding forecasts. It marked the best sales volume seen in the U.K. since 2007 when sales hit 2,404,607 units. The figure was also over 16 percent higher than the low seen in 2011 of 1,941,253 units.
The U.K. is now Europe's second-largest car market after Germany, the company said in a press release, and predicted stabilization in 2014 with growth of around 1 percent compared to last year.
(Read More: Business optimismboosts hopes of solid UK growth)
"With its best year since a pre-recession 2007, the U.K. new car market has helped stimulate the country's economic recovery," said Mike Hawes, SMMT's chief executive in the report.
"The 10.8 percent increase in 2013 reflects the attractive financial offers available as well as increased demand for more technologically advanced new cars."
Ford was Britain's top-selling manufacturer for most of 2013, according to Reuters, with its Fiesta supermini and Focus models seeing success. General Motors' Vauxhall Corsa and Astra were near the top of the best-sellers list too, with Volkswagen, Nissan and BMW also enjoying strong sales.