“It is encouraging to see that new car registrations were up an impressive 17.7% in march following demand for the new 14-plate” said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.
The month saw 464,824 cars registered, suggesting that the economic recovery remains strong in 2014. Year-to-date registrations were up 13.7% to 688,122 units.
Robinson continued “The market in March was significantly high as expected, and is a further reflection that consumer confidence is slowly but surely returning. Car dealers across all regions of the UK have reported strong footfall in their showrooms.
“Increased sales are supported by strong manufacturer deals and competitive finance offers that are encouraging consumers to buy.
“The NFDA are hopeful that this is a trend that will continue through 2014.”
NOTES TO EDITORS:
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland