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It is extremely encouraging to see that the car market is back performing at pre-recession level. New car sales figures, released this week, show sales rose 10.8% in 2012 giving a total market of 2,264,737. Private registrations in December 2013 increased by 19.8%, recording the 22nd consecutive monthly rise.
Increased retail demand drove UK sales in 2013 as the UK car market recorded its best performance since 2007. Competitive offers by manufacturers along with strong finance offers boosted sales as consumer confidence returned to the market.
Car showrooms have reported increased sales activity and interest from consumers looking to replace their vehicles, which is some cases are part of the aging car park or not as fuel or energy efficient a modern vehicles. The NFDA expect the market to continue to perform well and to build on the success of 2013.