“It is positive to see that new car registrations rose 2.5% in May to 203,585 units - the highest May total since 2002”, 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 registrations figures released today showed that new car registrations remained steady in May. Overall 1,164,870 cars have been registered so far in 2016, - 4.1% ahead over the same period last year. In the fleet sector, demand was up 8.8%.
Robinson continued, “We are pleased to see that although retailers from various sectors forecasted a modest slowdown in sales in May, new car sales continued to perform well.
“These results are in line with recent predictions that new cars sales will grow by 200,000 units in 2016 to a total of 2.8 - 2.9 million of vehicles, which would surpass last year’s record of 2.6 million.
“Despite less stable economic conditions and short-term uncertainty ahead of the EU referendum, the car market has continued its upward trend and is set to remain strong this year.”
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.