UK registrations are up for the first time this year by 11.3% in July. 174,887 new cars were registered last month.
Year-to-date new car registrations are down -41.9%.
“July’s figures are positive, with a boost from demand pent up from earlier in the year and some attractive offers meaning there are some very good deals to be had. We must be cautious, however, as showrooms have only just fully reopened nationwide and there is still much uncertainty about the future.
By the end of September we should have a clearer picture of whether or not this is a long-term trend. Although this month’s figures provide hope, the market remains fragile in the face of possible future spikes and localised lockdowns as well as, sadly, probable job losses across the economy. The next few weeks will be crucial in showing whether or not we are on the road to recovery.”Said Mike Hawes, SMMT Chief Executive.
Figures published by the Society of Motor Manufacturers and Traders (SMMT).
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