Britain’s New Car Sales Hit Record Heights

06 July 2001

In a fresh sign that British consumers remain unfazed by the economic slowdown [WAMN: 29-Jun-01], newly released figures show that new car sales hit record heights last month.

According to the Society of Motor Manufacturers and Traders, new car registrations jumped 11.4% last month to 215,235, with demand from private buyers leaping 22.8%. Sales have been rising since the government forced auto makers to reduce prices last year.

“This is the fourth time in less than a year that new car registrations have set a record,” commented SMMT chief executive Christopher Macgowan, “and I’m delighted that the sales boom is continuing into the summer.”

However, despite beating expectations for the first half of 2001, the car market could be heading for a more uncertain period. “Demand could peak in September...with weaker registrations in surrounding months,” the Society warned.

News source: BBC Online Business News (UK)