March car sales point to stable market
"The increase in retail car sales highlights the early signs of a more stable market" said Sue Robinson, Director of the RMI National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.
New car sales figures show month on month sales were up 1.8 per cent compared to March last year. Private registrations showed one of the best monthly increases in the past two years, up 7.4 per cent in March.
Sue Robinson continued: “March is typically a strong month for new car registrations with the March plate change boosting sales. However the strong increase in private registrations shows some signs of economic recovery with consumers feeling confident enough to commit to purchasing a big ticket item.
“In order for the market to remain stable the Government should offer support by reviewing schemes that could improve consumer confidence and boost spending.”
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