New car registrations rise 7.9% in May
New car registrations rose 7.9% in May to 162,288 units, the biggest percentage rise for 23 months.
Year to date, registrations have risen 2.6% to 868,166 units, according to figures from the SMMT.
The May market was fuelled by private demand, up 14.3% while the fleet market rose 4.8%, ending three consecutive months of decline.
"May's 7.9% increase in new car registrations is good news for the motor industry and the UK economy, particularly the steady growth in demand from private buyers," said SMMT chief executive Paul Everitt.
"There is no doubt that vehicle manufacturers and their dealer networks are working hard to deliver value for money to motorists and the consistent climb in new car registrations during the first five months of the year suggests that confidence is returning, despite financial uncertainty in the Eurozone."
[source: Motor Trader online]
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