Industry News
June registrations in line with SMMT forecast
7th July 2008
-Diesel registrations rose 4.5% to 89,470 units taking 42.8% market share
-Compared to June 2007, new car market fell 6.1% to 209,190 units
-Overall year-to-date figures show 1.6% fall to 1,247,479 units, as forecasted
“We are now seeing concerns about rising fuel bills and household costs dampening consumer confidence leading to slower demand for new cars. This slow-down is not unexpected, but signals an increasingly tough retail environment,” said Paul Everitt, SMMT chief executive. “Cost pressures, environmental concerns and technological advances, have ensured consumers have taken the choice of buying more efficient vehicles and record numbers of cars are now in the lowest CO2 VED bands. The share of cars in the A band has increased more than tenfold in the past year.”
(SMMT)
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