July 2013 new car registration figures: New car registrations were up 12.7% in July according to the latest figures released today by the SMMT.
162,228 cars were registered in the month, with the market 12.7% or 18,344 units up on July 2012 (which was up 9.3% (or 12,250 units) on July 2011).
“Strong business and consumer confidence in July saw the new car market continue to rise, posting double-digit growth in the month. Now we have evidence of consistent growth, we have raised our forecast for 2013 new car registrations to 2.216 million units, an increase of over 8% on last year,” said Mike Baunton, SMMT Interim Chief Executive. “Recently, we’ve seen a range of economic indicators point to improving conditions and our raised sales forecast emphasises how positively we view the rest of 2013.”
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