Monday, February 6, 2012

The UK's new car registrations increased 0.03 percent year-on-year

The UK's new car registrations increased 0.03 percent year-on-year to 128,853 units in January, the Society of Motor Manufacturers and Traders (SMMT) said Monday.

New car sales are expected to dip 1.1 percent in 2012 from last year to 1.92 million units. Meanwhile, registrations are forecast to grow to 1.98 million units in 2013.  

"2012 is set to be an exciting year with record numbers of new models coming to market filled with innovative technology that will save the motorist fuel, enhance comfort and further increase levels of safety and security," SMMT Chief Executive Paul Everitt said. "However, to maintain market stability, government must act decisively and deliver much needed confidence to businesses and consumers."

January's performance was boosted by the private market, which grew 2.3 percent. Further growth in the fleet sector also aided overall increase in sales in January.

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