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Car sales see continued recovery | Car sales see continued recovery |
(30 minutes later) | |
UK car sales in February were up by 26.4% compared with the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). | UK car sales in February were up by 26.4% compared with the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). |
There were 68,686 new cars registered last month and private buyers led the growth in sales. | There were 68,686 new cars registered last month and private buyers led the growth in sales. |
"Scrappage has generated eight consecutive months of growth," said the SMMT's chief executive Paul Everitt. | "Scrappage has generated eight consecutive months of growth," said the SMMT's chief executive Paul Everitt. |
Demand for smaller cars is still rising. The most popular this year are the Ford Fiesta and the Ford Focus. | |
Toyota's sales in the UK in February were up 15% on last year to 3,439 vehicles, despite the problems caused by the carmaker's global recall of more than eight million cars. | |
However, its share of new car sales dropped from 5.5% to 5%. | |
'Subdued' outlook | |
"Compared with last year, the industry is off to a strong start in 2010," said David Raistrick, automotive partner at Deloitte. | |
"However scrappage has only boosted the private buyers' market and we now need to see an improvement in the fleet market in order for growth to be sustained." | |
The UK's scrappage scheme is due to finish this month, but its impact could continue for some while. | |
New cars ordered before the scheme ends might not be delivered - and therefore registered - until June or even July. | |
The scheme, which pays motorists £2,000 to trade in an old car for a new one, accounted for almost one in five car sales in February. | The scheme, which pays motorists £2,000 to trade in an old car for a new one, accounted for almost one in five car sales in February. |
Sales of new cars in March are also likely to be boosted as new registration plates come out this month. | |
The SMMT said that it expected to see some market decline in the second half of 2010 and predicted an overall decline in 2010 of 10%. | |
"With economic recovery still fragile and uncertainty over the impacts of the Budget in March and a general election in spring, the outlook is subdued," the SMMT said. |
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