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It is positive to see that new car registrations rose 2.5% in May to 203,585 units – the highest May total since 2002. New car registrations figures released this week showed that new car registrations remained steady in May. Overall 1,164,870 cars have been registered so far in 2016, – 4.1% ahead over the same period last year. In the fleet sector, demand was up 8.8%.
The NFDA is pleased to see that although retailers from various sectors forecasted a modest slowdown in sales in May, new car sales continued to perform well.
These results are in line with recent predictions that new cars sales will grow by 200,000 units in 2016 to a total of 2.8 – 2.9 million of vehicles, which would surpass last year’s record of 2.6 million.
Despite less stable economic conditions and short-term uncertainty ahead of the EU referendum, the car market has continued its upward trend and is set to remain strong this year.
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