January 2023 new car market recorded its sixth consecutive month of growth with 131,944 new cars registered a rise of 14.7%.
This is the best start to a year since January 2020.
The MG HS starts the year as the best selling car this month with a total of 3,481 registrations.
The automotive industry is already delivering growth that bucks the national trend and is poised, with the right framework, to accelerate the decarbonisation of the UK economy. The industry and market are in transition, but fragile due to a challenging economic outlook, rising living costs and consumer anxiety over new technology. We look to a Budget that will reaffirm the commitment to net zero and provide measures that drive green growth for the sector and the nation.
Said Mike Hawes, SMMT Chief Executive.
Data from Society Of Motor Manufacturers and Traders (SMMT).
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