“New car registrations stabilised in June, however the market still reached a record first-half in 2016”, said Sue Robinson, Director of 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 declined slightly by 0.8% with 255,766 units registered. On a positive note, the total market year-to-date is still up 3.2% with 1,420,636 units. Fleet registrations continued to drive the market with a 4.5% rise.
Robinson continued, “June’s car market results are in line with the majority of analysts’ forecasts, which have been revised following the referendum result.
“Over the past few weeks, the NFDA has seen mixed messages coming from dealers and while physical footfall increased in June compared to June 2015, online activity seems to have declined. With consumer confidence falling post Brexit, we call upon the Treasury and the Bank of England to do all they can to stimulate consumer demand.
“We currently import over a million cars a year and associated parts from the EU. We urge our politicians to swiftly negotiate a trade deal with the Union in order to safeguard a prosperous future for the motor retail industry.”
NOTES TO EDITORS:
Gabriele Severini, NFDA Communications Officer Tel: 020 7307 3423 Mob: 07880 039 897 Press Office direct line: 020 7307 3422 Press Office fax: 020 7307 3406 Web: www.rmif.co.uk Email: email@example.com
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.