Cars Registrations SMMT News

Record first quarter as new car market marches on

05 April 2002 #Cars #Registrations #SMMT News

Record first quarter as new car market marches on

  • First quarter 2002 reaches 722,718 units – up 7.1 per cent on previous

    best
  • March registrations up 3.85 per cent from 408,024 to 423,727 units
  • Registrations of cars to private buyers rise 2.1 per cent to 223,989 units


SMMT chief executive Christopher Macgowan said, ‘There are great deals available,

prices continue to tumble and new cars go on rolling out of franchised dealer

showrooms with satisfied consumers at the wheel. Eighteen months of new car

market growth has been bettered only by 30 consecutive months of falling prices’.

He continued, ‘The current franchised dealer system works, and is endorsed

by the fact that consumers are flocking to showrooms across Britain, confident

in the service, products and deals available to them. Any drastic moves to change

this system will only erode this level of confidence and could reduce the current

high level of competition in the marketplace.’

Notes to editors

1. Previous first quarter results since the introduction of the twice-yearly

plate change were:


2001: 675,083

2000: 660,747

1999: 635,942


2. Diesel registrations soared 51.6 per cent in the first quarter to 157,408

units.

3. New car registrations in the UK are forecast to reach 2.35 million units

in 2002.

March 2002

The attached tables show the registration figures for Great Britain, Northern

Ireland, The Isle of Man and the Channel Islands in detail. Top performers by

range and UK penetration figures are also listed. Providing the SMMT is acknowledged

as the source of this information, the figures may be quoted. Substantial reproduction

needs specific approval by the SMMT.

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