May 2012 new car registration figures: New car registrations were up 7.9% in May according to the latest figures released today by the SMMT.
162,288 cars were registered in the month, with the market 7.9% or 11,857 units up on May 2011 (which was down 1.7% on May 2010).
“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 Paul Everitt, SMMT Chief Executive. “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.”
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