View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 4, 2016

UK July registrations edge up 0.1% as market cools

UK new car registrations inched up 0.1% last month according to figures released by the Society for Motor Manufacturers and Trraders (SMMT).

UK new car registrations inched up 0.1% last month according to figures released by the Society for Motor Manufacturers and Trraders (SMMT).

Some 1,599,159 new cars have been registered so far this year, putting demand in the year-to-date 2.8% higher than for the same period in 2015, following a strong first quarter.

July followed the trend seen throughout this year where lower private registrations were offset by fleet purchases, which increased by 5% this month.

Demand for alternatively fuelled vehicles remained remarkably strong with 24.7% more registrations compared with the same month in 2015.

“After a healthy start to 2016 and record registrations in 2015 the market is showing signs of cooling,” said SMMT chief executive, Mike Hawes.

“The automotive market is a vital part of the British economy and it’s important government delivers the economic conditions which instil business and consumer confidence.

“With low interest rates, attractive finance options and exciting new models coming to the showrooms, the market still has lots to offer customers.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto