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| Car sales to hit five-year high in 2013 | |
| (about 1 hour later) | |
| A report is likely to show that 2013 was the strongest year for the UK car market since 2007. | |
| Figures from the Society of Motor Manufacturers and Traders (SMMT) due out on Tuesday are expected to show that 2.26m vehicles were registered last year. | Figures from the Society of Motor Manufacturers and Traders (SMMT) due out on Tuesday are expected to show that 2.26m vehicles were registered last year. |
| That would be a 10.5% increase on 2012's sales figures. | That would be a 10.5% increase on 2012's sales figures. |
| It would mean that the UK overtook France to become Europe's second biggest car market, after Germany. | It would mean that the UK overtook France to become Europe's second biggest car market, after Germany. |
| Industry analysts say that attractive financing deals have tempted buyers and three-quarters of sales to private buyers now involve some kind of financing package. | Industry analysts say that attractive financing deals have tempted buyers and three-quarters of sales to private buyers now involve some kind of financing package. |
| Sales growth is expected to be more modest in 2014. | Sales growth is expected to be more modest in 2014. |
| British built | British built |
| The report from the SMMT is also likely to show that one-in-seven, or 300,000, of the cars bought last year were built in the UK. | The report from the SMMT is also likely to show that one-in-seven, or 300,000, of the cars bought last year were built in the UK. |
| Most cars built in the UK are exported. | Most cars built in the UK are exported. |
| Last month, the SMMT said that car production in 2013 was likely to be at a six-year high with more than more than 1.5 million vehicles built. | Last month, the SMMT said that car production in 2013 was likely to be at a six-year high with more than more than 1.5 million vehicles built. |
| Growth was driven by the rollout of new models, including the third-generation Mini, the SMMT said. | Growth was driven by the rollout of new models, including the third-generation Mini, the SMMT said. |
| Thousands of new jobs were created in the industry as both Jaguar Land Rover and Bentley expanded their operations in the UK. | Thousands of new jobs were created in the industry as both Jaguar Land Rover and Bentley expanded their operations in the UK. |