UK: New car market limps to growth in 2000
Figures released by the SMMT on 5th January confirm that the UK new car market grew again in 2000 to reach 2.22 million units. The market was up by 1% over the 1999 level. The SMMT notes that market activity accelerated in the final quarter due to highly competitive conditions and lower car prices. The December market rose by 27.5 per cent to its highest ever tally, at 107,803 units. The SMMT is countering the suspicion of large-scale 'pre-registrations' by dealers by pointing out that 'private' sales, rather than fleet or business, surged in December.
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