The UK car market witnesses 9.3 percent new car sales increase in July 2012. Total 143,884 cars have been sold this month, making it the best sales result in 2012 and fifth monthly gain.
According to the sales figures issued by SMMT (Society of Motor Manufacturers and Traders), the UK new car market is being risen by 9.3 %. 143,884 new car sales is the best sales result that the market has experience this year. Compared to the last year’s sales, total 131,634 cars were sold, making the auto industry’s 13th continuous monthly decline in terms of volumes.
The first seven months of 2012 increased the car sales by 3.5 percent (1,201,564 units) as compared to what was sold in 2011. Paul Everitt, the chief executive of SMMT has said that new car registrations rose 9.3 per cent in July, continuing the upward trend seen during recent months. The SMMT’s full-year forecast is for 1.97 million cars to be registered during 2012, suggesting a slight slowing of demand in the second half of the year.
Everitt further added that International economic stability remains a concern for vehicle manufacturers and the UK market, but intense competition and new fuel-efficient products are creating great opportunities for motorists.
Results revealed by SMMT also show the sales increase of 45.9 percent in July for fuelled vehicles as compared to what was sold on the same time last year. In the month of June, total 2079 AFVs are said to be sold whereas; July 2011 just sold 1425.
The best selling new cars as of July 2012 in UK includes Ford Fiesta, Vauxhall Corsa, Vauxhall Astra, Ford Focus, Volkswagen Golf, Nissan Qashqai, Mercedes C-Class, Volkswagen Polo, Audi A3, and Vauxhall Insignia.