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Britain's new car registrations rise

Britain's business and private demand dropped while the new car registrations climbed in May, amid the recent uncertainty in place before June's referendum, the Society of Motor Manufacturers and Traders said today.

According to the SMMT, the car registrations climbed to 203,585 units, having risen 2.5%.

Britain's new car market rises

As per Mike Hawes, SMMT chief executive, the low growth, despite the new car market escalation, is an indication that the concerns are increasing around the nation's political and economic instability.

Registrations by private customers declined 3.0%, while the fleet buyers boosted growth with the demand rising 8.8%.

Hawes highlighted further that, this outcome could be either due to the current uncertainty or that the market for new cars will stabilize more in the future.

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Monday, 06 Jun, 2016 / 3:01

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-new-car-registrations-rise

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