New car registrations “out-performed registrations” in March

05 April 2013

New car registrations last month were up by nearly six per cent (5.9 per cent), out-performing expectations, according to the Society of Motor Manufacturers and Traders (SMMT).

Almost 400,000 13-plate vehicles were bought by consumers, with registrations in quarter one rising by 7.4 per cent to 605,198 units.

March was also the 13th successive month of growth in new car registrations with volumes reaching the highest point since 2010 when the Scrappage Incentive Scheme was brought in to help support the market and stimulate growth.

Mike Baunton, interim chief executive of the SMMT, said: “UK new car registrations out-performed expectations in March, the first month of the new 13-plate. The market increased more than five per cent on March 2012 to almost 395,000 units.”

He added that despite the ongoing economic concerns, consistent monthly growth in the market is an encouraging sign of consumer confidence returning.

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