Longest ever period of growth for UK new car market

5th June 2014 | 0 Comments
 

Figures from the SMMT show that new car registrations rose 7.7 per cent in May to 194,032 units – the most in May since 2004. This means that the new car market has grown for 27 consecutive months, breaking the record set in the late 1980s. Registrations for 2014-to-date have also passed the one million mark, rising 11.6 per cent to 1,058,974 units. Mike Hawes, SMMT Chief Executive, said, “The new car market has now grown in every month since March 2012 – the longest period of growth on record and a reflection of the UK’s ever-improving economic conditions.

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Category: UK News

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