New car market defies Europe, but warnings for 2013

Posted on 6 Nov 2012

UK new car registrations rose 12.1% to 151,252 units in October, bucking current demand trends in Europe, says the SMMT, but Deloitte warns that the UK is likely to follow the same path as all major European markets in 2013.

The Society of Motor Manufacturers and Traders latest figures show that the market for new cars in the UK is still resilient. The automotive sector organisation has revised its production forecast for the 2012 to over two million units. New car registrations rose over 12% in October, to more than 150,000 new cars purchased, with…

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