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NEW CAR REGISTRATIONS CONTINUE TO GROWBack

CarReg1It is positive to see the new car market has now achieved 41 consecutive months of growth – increasing 3.2% in July.

New car registrations were up 6.5% year-to-date with a total of 1,555,309 cars registered. The most significant rise in volume came from the Supermini and SUV manufacturers.

It is encouraging to see that vehicles are still being sold and consumers are taking advantage of strong finance deals and competitive offers.

The market is appearing to be levelling off as the cycle now matures, however, there continues to be speculation that registration figures may not reflect the real number of cars actually being sold.

For a copy of the monthly registration figures please contact louise.woods@rmif.co.uk

Posted by Sue Robinson on 07/08/2015