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Latest figures from SMMT reveal 17th consecutive monthly rise for new carsBack

110113 Ford FiestaThe latest figures released from the SMMT for new car sales in July has risen for the seventeenth consecutive month, causing the automotive industry to significantly raise its 2013 new car forecast.

The SMMT reports yet another positive month for the car industry and it is now predicting that sales for 2013 will reach 2.216 million units, which will put sales 8.4 per cent ahead of 2012.

Sales throughout July have been strong across the private, fleet and business market sectors which has caused a 12.7 per cent growth in new car sales to 162,228 units.

Registrations of alternatively-fuelled vehicles have also grown 17 per cent throughout July to 2,432 and have reached 17,859 units for the period from January to July 2013, with plug-in car registrations also seeing a rise of 70.7 per cent over the same period in 2013.

Mike Baunton, SMMT Interim Chief Executive said: “Strong business and consumer confidence in July saw the new car market continue to rise, posting double-digit growth in the month. Now we have evidence of consistent growth, we have raised our forecast for 2013 new car registrations to 2.216 million units, an increase of over 8% on last year.

“Recently, we’ve seen a range of economic indicators point to improving conditions and our raised sales forecast emphasises how positively we view the rest of 2013.”

Registrations this year have already exceeded 80 per cent of 2012 full year volumes and they are currently 11 times higher than 2010. The SMMT reports that the growth is a reflection of the increased availability of products across the UK and also the wider interest that motorists are now taking in minimising CO2 emissions.

As the number of plug-in vehicle charging points continues to grow, with more than 10,000 points now installed across the country, it is evident that consumers are responding to this incentive and taking steps in the right direction.

The Ford Fiesta retained its spot as the top-selling car in July and it is currently the bestselling car of 2013 so far. Other cars to take the top five selling positions this month included the Ford Focus at number two, the Vauxhall Astra at position three and the Volkswagen Golf and Vauxhall Corsa at positions four and five.

 

Posted by Leana Kell on 09/08/2013