New car registrations saw steady growth in July, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
The UK new car market has seen consistent, strong growth since early 2012, with July marking the 41st consecutive month of increases thanks to prevailing economic confidence combined with low interest rates and attractive finance deals.
Mike Hawes, SMMT Chief Executive, said: “While more moderate than in recent months, July’s rise in new car registrations is good news, and indicative of what we expect for the remainder of 2015.
“With demand having reached a record high in the first half of the year, we anticipate more stable growth in the coming months.
“The market is appearing to be levelling off as the cycle now matures, however, there continues to be speculation that registration figures may not reflect the real number of cars actually being sold.”
While the first six months of 2015 represented an all-time record high for registrations, the more modest increase in July is suggestive of a more stable second half of the year as demand levels.
The top-selling segments so far this year have been Supermini, small family car, SUVs and crossovers.