Cars Registrations SMMT News

June new car registration figures

06 July 2005 #Cars #Registrations #SMMT News

  • 227,623 new cars left showrooms last month, down 4.8 per cent on June 2004
  • June new car market still 5.7 per cent above 1999 to 2005 average
  • New car registrations down 5.8 per cent in the first half of 2005 to 1,296,485 units

‘The new car market could not sustain the record levels seen in the first half of 2004’, said SMMT chief executive Christopher Macgowan. ‘However, while interest rates begin to bite across all retail sectors, figures from the car sector remain healthy. Dealers may be feeling the pinch but there is good news for consumers. More models are coming on the market and car prices have tumbled by 10 per cent since 1998. Combine these factors with deals like nought per cent finance, free insurance, and money back offers and you have all the ingredients of a true buyers’ market.’

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