SMMT revises forecast as new car market grows

Posted on 6 Aug 2014 by The Manufacturer

The Society of Motor Manufacturers and Traders has revised its forecast after UK new car registrations grew again in July.

With 172,907 cars registered in July, the market saw a rise of 6.6% which marked its 29th consecutive month of growth. The SMMT said a combination of economic confidence and attractive finance options have driven the market up 10.1% year-to-date to 1,460,172 units sold. Faster-than-expected first half-year growth has prompted to SMMT to have an…

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