Cars Registrations SMMT News

Record March new car market

06 April 2004 #Cars #Registrations #SMMT News
  • March new car registrations climbed 6.6 per cent to 466,955 units
  • Estimated £6.25 billion worth of business generated
  • Year-to-date registrations rose six per cent to the highest first quarter on record
  • Private registrations up 6.8 per cent, with 53.3 per cent of the March market share

SMMT chief executive Christopher Macgowan commented, ‘Although it is still early days, we could be looking forward to a fourth consecutive record year for the new car market. The growth in a record first quarter has surprised everyone, with March exceeding industry expectations of 450,000 units. If the market continues to be strong, and the underlying economic outlook remains positive, we may well need to revise our 2.5 million unit forecast in the months to come.’


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