UK car market now second largest in Europe
By PRW Staff
Posted 6 December 2012
New UK car registrations rose 11.3% in November, placing the country as the second largest new car market in Europe after Germany.
Increased private demand meant that 141,191 new cars were registered in the UK last month.
Registrations by private buyers rose by more than 20% in November and by nearly 13% in the year-to-date.
The latest figures mean the new car market in the UK has grown 5.4% in the January-to-November period to 1.92 million units.
If the current trend continues this year is likely to be the most successful for UK new car registrations since 2008, said Paul Everitt, the out-going chief executive of the Society of Motor Manufacturers and Traders (SMMT).
"New car registrations rose 11.3% in November, positioning the UK new car market as the second largest in Europe," Everitt said.
"The upward trend has been driven by private retail customers. The outlook for 2013 remains challenging, but vehicle manufacturers and their dealers will continue to work hard to attract motorists to their showrooms and deliver outstanding value."
According to the SMMT German new car registrations in the January to November period have dipped 1.6%, while France has a seen a 13.2% slide.
Italian new registrations have fallen nearly 20% over the period and Spain has witnessed an 11.9% decline.
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