The remarkable performance of the UK motor industry continues apace, as official figures show July was yet another great month for vehicle manufacturers. The continued success of the motor industry will also come as welcome news for car insurance providers as purchasers look for motor insurance quotes on their new vehicles.
The figures released by the Society for Motor Manufacturers and Traders (SMMT) shows once more that UK citizens are still prepared to purchase brand new cars if the price is right. July saw 143,844 new cars registered in the UK, an impressive 9.3% up on the same month for 2011 and the fifth consecutive month that car registrations have increased. It was also good news for the Green Lobby as sales on zero emission vehicles increased dramatically.
Paul Everitt, Chief Executive of the SMMT, was impressed by the industry’s performance, and said “New car registrations rose 9.3% in July, continuing the upward trend seen during recent months. 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. 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.”
Registrations of the Ford Fiesta topped the list followed by the Vauxhall Corsa and Vauxhall Astra. In fact Ford, Vauxhall and Volkswagen were responsible for 9 of the top 10 best sellers with the Nissan Qashqui being the odd one out. The continued excellent figures now see the SMMT predict yearly registrations to amount to 1.97 million, the highest prediction they have made so far this year.