“It is extremely positive to see the new car market has now achieved 24 consecutive months of growth – increasing 17.4% over the period” 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.
New car sales figures, released today show February new car registrations rose 3.0%.
Robinson continued “Consumers appear to be less reluctant to commit to new vehicles as employment prospects improve and inflation begins to come down to a more manageable 1.9%.
“Increased sales are supported by strong manufacturer deals and low cost finance offers that are encouraging consumers to buy.
“We anticipate the market to continue to grow, and have strong expectations ahead of next month’s 14-plate change.”
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.