POST Online Media Lite Edition



 

UK new car registrations climb 3.4%

Staff Writer |
UK new car registrations rose 3.4% in May, the second consecutive month of growth, the Society of Motor Manufacturers and Traders (SMMT) said.

Article continues below




May's sales and April's 10.4% year-on-year increase followed a year-long slump in registrations, but the SMMT cautioned that the increase reflected a poor performance in the same month in 2017 after a tax rise came into effect rather than a stellar performance.

To put the results fully in context, the market saw a substantial 8.5% decline in May last year.

Private new car registrations saw a 10.1% year-on-year increase in May, significantly bettering the 6.7% average decline of the previous 12 months.

Dual purpose, supermini and small family vehicles were the most popular sectors, while demand for sports cars and plug-in hybrid cars grew 12.7% and 72.7% respectively.

Despite the largely positive news, the overall market remains down in the current year as new registrations have fallen 6.8% as demand is impacted by economic and political uncertainty.


What to read next

Despite low oil price green vehicle registrations in double-digit growth
One-day registrations of passenger cars in Austria down 21% in H1
Number of new companies in Iceland up 16%, insolvencies down 27%