“It is positive to see that new car registrations rose 2.0% in April”, 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 that new car registrations rose 2.0% in April and 4.4% year to date. 189,505 cars were registered this month, marking the best April since 2003.
Robinson continued, “Various factors such as inflation experiencing only a minor growth, interest rates held at 0.5% as well as low cost finance offers encouraged consumers to commit to buy new cars.
“We are pleased to see that in spite of following a record breaking March, demand for new cars continued its upward trend. It is also encouraging to see that alternative fuel vehicles remained strong with a growth of 26.8%
“The UK economy has repeatedly recorded positive trends for the past 15 months with a 0.4% increase in the first quarter of 2016, and we are pleased to see that on the back of this the car market has continued to make its relevant contribution.”
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.