The motoring industry has been given a much needed boost with new car registrations going up by 11.5 per cent in January.
The first month of the year saw a rise of 15.9 per cent in private registrations, with growth in all fuel types, including alternatives which posted a 7.9 per cent increase in volume.
Mike Baunton, interim chief executive of the Society of Motor Manufacturers and Traders (SMMT), said: “Lifted by a solid rise in private demand, the new car market posted its 11th successive month of growth with motorists attracted to forecourts by the latest models and competitive deals on offer.”
He added that building on a strong performance in 2012, SMMT has now increased its market forecast and is anticipating a “modest rise over the year”, followed by further growth in 2014.
Research from SMMT showed that the Ford Fiesta was the most popular model, with the Focus and Vauxhall Astra taking second and third place respectively.
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