SMMT released the new vehicle sales figures for February, which showed that new car registrations in U.K. fell less than expected in February, dropping just 7.7% to 63,424 units.
According to the Society of Motor Manufacturers and Traders (SMMT), new car registrations fell for an eighth consecutive month in February, down 5,262 units to 63,424 units. However, the 7.7% fall was the smallest decline recorded over this period.
Fleet volumes recovered in February, up 8.6%, but private demand continued to decline.
Vw’s Golf was nr1 in vehicle sales. The German automaker succeeded to sell a total of 2,709 small vehicles, while the Ford Focus number one over the year-to-date.
“The UK motor industry is looking for a strong March market to help boost confidence and kick start demand for the new 11-plate. February new car registrations were better than expected and whilst below 2010 levels, they were significantly ahead of 2009 and on an improving trend,” said Paul Everitt, SMMT Chief Executive.
“This month’s Budget will be critical in determining consumer and business confidence and the ongoing stability of the market. We’re looking for certainty on motoring taxes, a freeze on fuel duty and measures that support business investment and access to finance and credit.”
In February 2010 the Scrappage Incentive Scheme (SIS) accounted for almost 20% of the market. With those registrations removed, the 2011 market would be up 13.2%. The 2011 February new car market was 14.5% above the 2009 February outturn, but some 18.1% away from the 1999-2010 average for the month.