New Car Registrations Rose 3.3% In April To 142,322 Units
The new car market rose 3.3% (4,576 units) in April to 142,322 units. This was the third and largest percentage increase in the first four months of the year. Private registrations grew 14.8% in April, continuing the sector’s recovery. Even though numbers are growing, total registrations are still 18% below the 2007 level, but 15% above the low levels of 2009.
“A strong April new car market has raised confidence across the UK motor industry with registrations increasing 3.3%,” said Paul Everitt, SMMT Chief Executive. “We are seeing a steady increase in consumer confidence with growth in private demand, boosted by the arrival of a raft of new products. SMMT has increased its full year forecast to 1.95 million units, putting the market marginally ahead of 2011, indicating a period of relative stability.”
For more details see the chart below: