“It is extremely positive to see the new car market has now achieved 39 consecutive months of growth – increasing 2.4% in May” 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 for May, show that overall registrations reached 1,119,072 in 2015, up 5.7% as market stabilises. Demand for ultra-low emission vehicles is up four-fold, exceeding 10,000 in 2015, compared with 2,838 in 2014.
Robinson continued, “Strong manufacturer deals and low cost finance incentives offered by dealers and manufacturers during 2015 have in no doubt influenced many consumers to buy. Increase In the fleet markets show’s that business confidence has returned, allowing them to invest in replacement vehicles.
“Competitive pricing and strong incentives remain important if the sales trend is to continue throughout the second half of the 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.