New Car Registrations Rise 6.6% in July – SMMT

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New car registrations for July show another positive climb of 6.6%, the latest SMMT figures published today reveal.

Yes, we are now in the 29th consecutive month of positive climb in new car sales figures everyone. A total of 172,907 cars were registered in July 2014, bringing the total number of cars registered so far this year to a very happy 1,460,172.

Mike Hawes, the SMMT chief executive, said:

“July saw the new car market extend its record period of growth to a 29th month, as confident consumers took advantage of an array of new products and attractive finance deals on the latest fuel-efficient new cars.

The continued positivity has led to an uplift in the SMMT full-year forecast to 2.45 million passenger car registrations, a rise of 8.1 per cent. However, the more moderate growth of the last three months shows that overall demand is beginning to stabilise.”

Faster-than-expected first half-year growth has prompted an revision of the 2014 motor trade market forecast to 2.45 million registrations, up 8.1 per cent on 2013.

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