Rejuvenated new car market continues to grow as SMMT revises forecast

172,907 new cars registered in July, a rise of 6.6% and the 29th consecutive month of growth. Economic confidence and attractive finance have driven the market up 10.1% year-to-date to 1,460,172 units. Faster-than-expected first half-year growth prompts upward revision of 2014 market forecast to 2.45 million registrations, up 8.1% on 2013.

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New car market up 10% in first half of 2014

1,287,265 new cars registered in first six months of the year – a 10.6% rise and the best half-year total since 2005. June saw new car registrations rise 6.2% to 228,291 units. Consumer demand for efficiency has driven alternatively-fuelled vehicle registrations up 51.3% to 23,337 units year-to-date.

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Longest ever period of growth for UK new car market

May increase drives UK new car market to 27 consecutive months of growth, breaking record set in the late 1980s. New car registrations increased 7.7% in May to 194,032 units – the most in May since 2004.

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2013 new car market records best performance in five years

2,264,737 cars registered in 2013, up 10.8% on 2012 and exceeding SMMT’s 2.25 million forecast for the year. 2013 hits highest annual registration total since 2007 as December achieves 22nd consecutive monthly rise. On average, an additional 600 extra cars registered per day in 2013 than in the previous year.

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New car registrations in November overtake 2012 full-year total

New car registrations rose 7% in November to 159,581 units, the month’s best performance since 2004. 2,111,819 cars registered year-to-date, up 9.9% and already ahead of 2012 full-year figure of 2,044,609. Car market on target to hit SMMT forecast of 2.25 million registrations for 2013. “Motorists have bought more than two million cars so far Read more

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