Cars Registrations SMMT News

All eyes on March as February new car market stabilises

06 March 2006 #Cars #Registrations #SMMT News

  • February UK registrations fell 1.4 per cent to 75,996 units
  • Year-to-date registrations were down 9.7 per cent at 233,359 units
  • Diesel penetration continues to climb, 38 per cent of February market

‘So far this year the market has suffered from two things; firstly a surge in demand for diesel cars distorting the market at the end of 2005 and secondly weaker consumer confidence’, said SMMT chief executive Christopher Macgowan. ‘However, we believe March will present a more accurate barometer of performance for the year. While times are still tough, the plate-change is shifting the car market spike from September to March. Competitive deals like zero per cent finance and free insurance should also help drive customers to showrooms throughout March.’

New car registrations

September

March

2001

443,265

408,024

2002

432,661

423,727

2003

439,365

438,075

2004

430,763

466,954

2005

417,052

442,939

 

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