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Increase for April’s new car registrations
Date Listed: 09/05/2012
The SMMT has released figures regarding the rise in new car registrations for April which are up by 3.3%, to make up 142,322 units. This is the largest percentage increase of the year so far, causing the SMMT to adjust its 2012 forecast figures for a more positive result; this rise should continue to boost consumer confidence.
Paul Everitt, SMMT chief executive has said “A strong April has raised confidence across the UK motor industry with registrations increasing by 3.1%.”
The growth is an encouraging sign that the market is stabilising after also witnessing a strong March; if the current revised SMMT 2012 target is hit for the year then this would represent a growth of 0.4% on 2011’s figures.
April’s market progress was evident in many vehicle segments; the small car, executive/sports car and dual-purpose vehicles. However it was not all good news as fleet and business registrations shrunk by 3.4% and 11.2% respectively.