–>

UK car sales for the first five months of 2003 were down 2.9% year on year to 1,107,311 units, according to the Society of Motor Manufacturers and Traders (SMMT).

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Putting its usual upbeat spin on the result, the SMMT said: “Volumes have gently dipped from 2002’s record levels, but the market remains firm and is above expectations, considering increased economic uncertainties.”

The new car market in May was down 4.1% to 200,059 units.

Over the first five months of 2003 private registrations took 50% of the market while company car demand fell 4.4% in May, to 41.6%.

The SMMT said its full year forecast of 2.45 million units should be comfortably achieved, even though volumes are expected to moderate further in the second half of the year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
See Also:

“With the registrations over the past 12 months at 2.53 million units the market has remained stronger than expected,” the trade group added.