SMMT revises annual car sales forecast after buoyant July
New car sales figures for July, released by the SMMT, show month on month sales were up 12.7 per cent compared to July last year. This continuing buoyancy caused the SMMT to revise its forecast for sales for the year as a whole – up from 2.1 million vehicles to 2.2 million. This figure is an 8.4 per cent increase on 2012 sales.
Private registrations increased by 11.9 per cent and Sue Robinson, director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, said: “It is extremely encouraging that new car sales continued to improve in July with year-to-date growth now at 10.3 per cent”.
Robinson continued: “Consumer confidence continues to grow with the British Retail Consortium reporting an increase in high street retail sales of 2.2 per cent during July. Dealers are reporting increased footfall in showrooms as consumers are drawn in by new products and services offered by dealers and manufacturers. With such strong manufacturer and finance offers currently available dealers are reporting that it is proving much easier to close a sale. However competitive pricing and strong incentives remain important if the sales trend is to continue throughout 2013.”