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It is extremely positive to see the new car market has now achieved 24 consecutive months of growth – increasing 17.4% over the period. New car sales figures, released yesterday show February new car registrations rose 3.0%.
Consumers appear to be less reluctant to commit to new vehicles as employment prospects improve and inflation begins to come down to a more manageable 1.9%.
Increased sales are supported by strong manufacturer deals and low cost finance offers that are encouraging consumers to buy. We anticipate the market to continue to grow, and have strong expectations ahead of next month’s 14-plate change.