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New car sales down 1.7% in May

6th June 2011 Print

With 150,431 registrations, the May new car market was just 1.7% or 2,664 units down on May 2010, according to figures from the SMMT (Society of Motor Manufacturers and Traders).

Registrations over the first five months of 2011 were down 7.3% to 846,513 units.

Market on track to achieve full year forecast of 1.93 million units, although economic setting remains uncertain.

Fleet and diesel volumes continue to perform well, both growing by over 10% in May.
 
Paul Everitt, SMMT Chief Executive, commented: “New car registrations for May were down just 1.7% on 2010 levels, with strong performances in the fleet and business sectors.

“Consumers remain cautious, but with significantly improved fuel economy, service plans and more affordable finance, there is great value on offer across the market.”