New car sales up 10.8%
July 6th, 2010 by Richard Aucock
SMMT figures for June show new car registrations were up 10.8 percent despite the end of the scrappage scheme.
These figures continue to be ahead of SMMT expectations, says the UK car trade body.
It means new car registrations remain up by nearly 20 percent in the first half of 2010 – which, says the SMMT, strengthens evidence the recovery is underway.
‘The new car market continued to perform above expectations in June,’ said SMMT chief Paul Everitt, ‘with fleet sector registrations up 25 percent compared to this time last year.’
‘The results indicate improved business confidence and a strengthening economic recovery.’
He did warn, however, that volumes WERE set to slip in the latter half of 2010.
‘The industry still expects challenging economic conditions in the second half of the year and government action to improve access to credit for consumers and businesses will be important in sustaining the momentum of recovery.’
195,226 cars were sold in June 2010, compared to 176,264 in 2009. Figures show the private market was actually down, by just over 3 percent, but fleet was up over 25 percent by way of compensation. Business sales were also up over 18 percent.
What do you make of the continued car sales strength in 2010?
Tags: new car sales, registrations, scrappage, SMMT