Cars Registrations SMMT News

New car registrations up 10.8% in June

06 July 2010 #Cars #Registrations #SMMT News
·         New car registrations were up 10.8% in June and 19.9% during first half of 2010.
·         25.3% rise in the fleet market helped to sustain growth momentum.
·         Market up despite end of scrappage scheme, but volumes set to slip in second half of 2010.
“The new car market continued to perform above expectations in June, with fleet sector registrations up 25% compared to this time last year.  The results indicate improved business confidence and a strengthening economic recovery,” said Paul Everitt, SMMT chief executive.  “The industry still expects challenging economic conditions in the second half of the year and government action to improve access to credit for consumers and businesses will be important in sustaining the momentum of recovery.”


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