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UK car sales in first rise for 14 months, SMMT says UK car sales in first rise for 14 months, SMMT says
(40 minutes later)
New car sales in the UK rose for the first time in more than a year in August, according to the Society of Motor Manufacturers and Traders (SMMT).New car sales in the UK rose for the first time in more than a year in August, according to the Society of Motor Manufacturers and Traders (SMMT).
There were 59,346 new cars registered during the month, a rise of 7.3% on a year earlier, reflecting a recovery in private sector demand, the SMMT said. There were 59,346 new cars registered during the month, a rise of 7.3% on a year earlier, while sales of smaller cars rose by a third, the SMMT said.
August is one of the quietest months for car sales, ahead of September's launch of new registration plates.August is one of the quietest months for car sales, ahead of September's launch of new registration plates.
The SMMT said consumers remained nervous about the economic outlook.The SMMT said consumers remained nervous about the economic outlook.
"New car registrations in August rose for the first time since June 2010," said Paul Everitt, chief executive of the SMMT."New car registrations in August rose for the first time since June 2010," said Paul Everitt, chief executive of the SMMT.
"August represents a relatively small share of the new car market and the September new 61-plate registrations will be far more important for the UK motor industry, accounting for about 17% of the full year's registrations.""August represents a relatively small share of the new car market and the September new 61-plate registrations will be far more important for the UK motor industry, accounting for about 17% of the full year's registrations."
Sales of small cars in August increased sharply. Sales in the so-called mini segment jumped by more than a third, while those in the supermini category rose 18%.Sales of small cars in August increased sharply. Sales in the so-called mini segment jumped by more than a third, while those in the supermini category rose 18%.
The Ford Fiesta remained the UK's best-selling model, with 3,213 sales during the month.The Ford Fiesta remained the UK's best-selling model, with 3,213 sales during the month.
Despite the rise in August sales, the SMMT said the outlook for car sales "remains challenging". Registrations for the year so far are down 6.1% on a year earlier at 1,220,618.Despite the rise in August sales, the SMMT said the outlook for car sales "remains challenging". Registrations for the year so far are down 6.1% on a year earlier at 1,220,618.
The body has said it expects car sales to exceed two million in 2012. Registrations hit a peak in 2003, when 2.56 million cars were sold.The body has said it expects car sales to exceed two million in 2012. Registrations hit a peak in 2003, when 2.56 million cars were sold.