Cars Registrations SMMT News

Record May new car market adds 2.7 billion to UK economy

10 June 2002 #Cars #Registrations #SMMT News

Record May new car market adds 2.7 billion to UK economy

  • May was the 20th consecutive month of growth in the new car market
  • 208,669 registrations beat the previous record May of 199,258 units, set

    in 1989
  • egistrations to private buyers rose 13.4 per cent in May to 104,599 units
  • Growth of 5.1 per cent saw registrations rise to 1,140,363 units over the

    first five months of 2002

Commenting on May figures, SMMT chief executive, Christopher Macgowan said,

‘Strong growth in the private sector, is a clear sign of consumer confidence

and generous finance packages combined with lower prices continue to make cars

more affordable and better value. Although the level of growth we’ve seen over

the past 20 months cannot last forever, this year is still well on course to

be another strong one for new car sales, with registrations expected to top

2.4 million units.’

Notes to editors:

  1. The diesel market in May rose by 46.6 per cent. Registrations hit 49,692

    units up from 33,891 in May 2001. Market share rose from 17.1 per cent to

    23.8 per cent in May. From January to May 2002, 255,637 new diesel cars were

    registered up from 167,936 for the same period in 2001. This is an increase

    of 52.2 per cent.
  2. Business and fleet segments have seen growth of 13 per cent and 5.2 per

    cent respectively from January to May this year.
  3. The average price of a new car is £13,000.

May 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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