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New Car Sales Rise Again in July But by Just 0.1%


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New Car Sales Rise Again in July But by Just 0.1%

New car registrations increased by just 0.1 per cent in July with the market showing signs of ‘cooling’ according to The Society of Motor Manufacturers and Traders (SMMT).

The SMMT reports that a total of 1,599,159 new vehicles have been registered in the UK this year which is still an increase of 2.8 per cent for same period in 2015 year on year.

Out of the 1,599,159 new cars registrations, 178,523 were sold last month with an even split between petrol and diesel vehicles.

Not surprisingly, the Ford Fiesta was the best-selling car in front of the Vauxhall Corsa and Vauxhall Astra.

The slowdown in July was created by the outcome of the referendum which saw Great Britain vote to leave the European Union.

Mike Hawes, the SMMT’s chief executive, said: “After a healthy start to 2016 and record registrations in 2015, the market is showing signs of cooling.

“The automotive market is a vital part of the British economy and it’s important government delivers the economic conditions which instil business and consumer confidence.”

The SMMT figures for July followed a 2016 trend with lower private registrations offset by fleet purchases which increased by 5 per cent.

The demand for alternatively fuelled vehicles continued to be strong with around 25 per cent more new car registrations in contrast with the same month of July last year.

Sell Your Jamjar is proud to be a member of the The Society of Motor Manufacturers and Traders (SMMT).

 

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