According to Society of Motor Manufacturers and Traders new car registrations fell less than expected in February, dropping just 7.7% to 63,424 units.
Registrations over the first two months of 2011 were down 10.2% to 192,235 units compared to 214,165 registrations in 2010 at the same period.
“The UK motor industry is looking for a strong March market to help boost confidence and kick start demand for the new 11-plate. February new car registrations were better than expected and whilst below 2010 levels, they were significantly ahead of 2009 and on an improving trend,” said Paul Everitt, SMMT Chief Executive. “This month’s Budget will be critical in determining consumer and business confidence and the ongoing stability of the market. We’re looking for certainty on motoring taxes, a freeze on fuel duty and measures that support business investment and access to finance and credit.”
The most popular car in February was Volkswagen Golf with 2,709 registrations, followed by Vauxhall Corsa and Ford Focus, with 2,617 and 2,483 units respectively.