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UK sales in April grow over 8%

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UK sales in April grow over 8%

While the European region still has ups and downs on its return from the six years long slump in demand, there is one “athlete” that doesn’t falter – Great Britain.

The industry’s main trade body, the Society of Motor Manufacturers and Traders announced that new car registration in April rose more than 8% year-on year, to 176,820 units, the 26th consecutive month of gains for the country, thanks to low interest rates and rising salaries.

Still, the rise slowed in comparison to March, where numbers hit a decade high – but the UK car sales are highly seasonal, as last month’s 18% rise to 464,824 cars was lifted by the twice a year change in registration plates.

“After the bumper plate-change month of March, the UK car market returned to more modest but still positive growth in April … as GDP continues to pick up, inflation falls and wage levels improve,” said Mike Hawes, the SMMT’s CEO.

Total car sales for the first four months reached 864,942 units, being 12.5% higher than for the same period of 2013, although last year was the best since 2007. SMMT decided to revise its full year forecast, up from 2.3 million units to 2.4 million, which would account for a total rise over 2013 numbers of 6%.

by Aurel Niculescu (my Google+) - Thursday, May 8th, 2014 - filed under Industry, News, Sales Reports. Image credit: .
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