Thursday, June 06, 2013

New car sales rise again

As we previously noted, it’s making more sense to buy a new car. A lot of other people seem to think so too, as the number of new cars rolling off the forecourt increased 11 per cent last month.

May was the fifth consecutive month of growth for the UK car market, according to the Society of Motor Manufacturers and Traders, who carried out the survey. Private car sales are back at their pre-recession levels of 2008.

The Ford Fiesta was the most popular new car, its big brother the Ford Focus coming in second, while the Vauxhall Corsa slipped a place to third. Most of the cars in the top ten were hatch-backs or small family cars, which remain popular as the cost of fuel continues to rise and people’s wages in real terms are on the slide.

“While it is clear that buying confidence among UK motorists is very strong, continued economic uncertainty abroad, particularly in the rest of Europe, will mean that manufacturers remain cautious about performance in the second half of 2013,” says SMMT interim chief executive Mike Baunton.


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