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You are here: Home1 / News2 / UK News3 / Pent-up demand helps UK new car registrations up 11.3%

Pent-up demand helps UK new car registrations up 11.3%

Date: 5th August 2020 Author: Andrew Bogie Comments: 0
(Source: SMMT)

New car registrations rose for the first time this year in July. The figure rose 11.3 per cent in the month, year-on-year, according to the latest Society of Motor Manufacturers and Traders (SMMT) figures. 174,887 cars were registered in July 2020, supported by the first full month of trading for dealerships since February. July 2019 registrations were affected by declining business and consumer confidence undermined the market. Pent-up demand and special offers led to a reprieve for the sector, but overall registrations are still down by -41.9 per cent or 598,054 units year-to-date. Despite the increase in July, SMMT’s full year outlook is for a -30 per cent decline in registrations, representing more than £20 billion of lost sales.

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Related news:

  1. UK new car registrations at decade high
  2. YTD new car registrations exceed 1 million in May – SMMT
  3. Fleet registrations propping up small growth in UK new car market
  4. New car registrations down 5.7% in 2017
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