New car registrations show slight increase in July

Passenger car demand sees small increase as UK registrations rose by just 0.1 per cent

New car registrations show slight increase in July
Demand for alternatively fuelled vehicles remains healthy and is up 24.7 per cent but still small market share.

UK new car registrations experienced a slight increase last month, according to figures released by SMMT.

However, demand for alternatively fuelled vehicles remained remarkably strong with 24.7 per cent more registrations compared with the same month in 2015.

1,599,159 new cars have been registered so far this year, putting demand in the year-to-date 2.8 per cent higher than for the same period in 2015 following a strong first quarter.

Mike Hawes, SMMT chief executive, said, “After a healthy start to 2016 and record registrations in 2015 the market is showing signs of cooling.

“The automotive market is a vital part of the British economy and it’s important government delivers the economic conditions which instil business and consumer confidence.

“With low interest rates, attractive finance options and exciting new models coming to the showrooms, the market still has lots to offer customers.”

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