“Although it is positive to see a rise in new car sales in August, the overall market remains challenging and consumer confidence remains fragile.” said Sue Robinson, Director of the RMI 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 month on month sales were up 7.3% compared to August last year. This is the first rise since July 2010. The year to date is down 6.1% on a year ago. August represents a small share of the new car market and the September new 61-plate registrations will be far more important for vehicle manufacturers and franchised dealers Sue Robinson continued “Feedback from NFDA members, who are franchised car dealers throughout the UK and are in continuous contact with consumers, are reporting that new cars will sell if there are deals available and the purchase looks attractive. Consumers are still nervous about purchasing big ticket items but while interest rates remain low some consumers do have disposable income to spare. Consumers are becoming aware that downsizing to a new smaller vehicle may actually save them money in ownership and running costs. Our members are aware that the sales process within their businesses must make the consumer feel at ease to raise their confidence in buying a new car.”
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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.