UK new car market hits longest ever growth run

UK new car market hits longest ever growth run

May’s sales of 7.7% to 194,000 cars was not only the best month for new UK car sales since 2004 but also took the UK new car market to 27 consecutive months of growth, breaking a record set in the late 1980s.

Registrations for 2014-to-date also passed the one million mark, rising 11.6% to 1,058,974 units.

“The new car market has now grown in every month since March 2012 – the longest period of growth on record,” said Mike Hawes, SMMT Chief Executive. “Over the past 27 months, increasingly confident consumers have attracted by innovative technologies, improved fuel economy and competitive deals. The coming months should see some levelling off in growth rates as underlying demand stabilises.”

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