UK new car sales rebound in May | Industry - Car News Jun 2018

INDUSTRY

10:59 Thursday 07 Jun 2018

Official figures showed a slight upturn in the UK new car market, with sales up by 3.4% in May.

A total of 192,649 new vehicles were registered last month, according to new figures released by the Society of Motor Manufacturers and Traders. The growth was driven by private sales – up by just over 10% - which offset a slight drop in demand from the business and fleet sectors.

No matter how modest the growth, it’s in stark contrast to twelve months ago where May 2017 saw an 8.5% slump in sales fuelled by changes to vehicle excise duty and the usual buyer hesitancy ahead of an upcoming general election.

Despite the improvement, overall UK new registrations have fallen by 6.8% so far this year, as the political uncertainty remains and low business and fleet confidence continues to hit those sectors.

Mike Hawes, Chief Executive of the Society of Motor Manufacturers and Traders, explained, “May’s growth, albeit on the back of large declines last year, is encouraging and suggests the market is now starting to return to a more natural running rate. To ensure long-term stability, we need to avoid any further disruption to the market, and this will require sustainable policies that give consumers and businesses the confidence to invest in the new cars that best suit their needs.  Fleet renewal is the fastest way to improve air quality and reduce CO2, and this applies to hybrid and plug-in technologies as well as the latest low emission petrol and diesels which, for many drivers, remain the right choice economically and environmentally.”

 

Carfinance247 banner


Click here to sign up for our monthly newsletter



Popular news stories

 
Hubcap animal sculptures
The new Porsche 911 GT3 RS unveiled
Audi R8 prices revealed   The new Lotus Evora 400

Hubcap animal sculptures

 

Reid: TopGear like a war

 

Audi R8 prices revealed

 

The new Lotus Evora 400


Comments
INDUSTRY
SEAT’s blistering start to 2018 makes it the UK’s fastest-growing volume car brand.
INDUSTRY
The 100,000th California camper has rolled off the VW Commercial Vehicles production line.
INDUSTRY
Mazda mark major milestone this month as the 50-millionth vehicle rolled off production line.
INDUSTRY
A successful year so far for Mercedes, who have sold 1,188,832 vehicles worldwide thus far.
INDUSTRY
More than 51,000 new Hyundais were registered in the UK during the first six month of this year.
NEW RELEASE
SEAT launch exclusive new Leon ST CUPRA Carbon Edition. Less than 50 available in the UK.