£5bn to be spent in March

Time 5:33 pm, February 29, 2012

NEW ’12-plate’ vehicles will go on sale tomorrow and the SMMT believes buyers will spend £5bn on new cars in March.

As the automotive industry gears-up for its busiest month of the year, the SMMT expects around 350,000 new cars to be registered during March, with motorists spending in the region of £5bn on the latest machinery.

March is the biggest month for dealers across the UK and accounts for almost a fifth of the year’s trade with the other plate-change month of September, traditionally the second busiest.

More than 300 technology-packed models are currently on the market, representing one of the biggest ever choices for UK motorists.

‘The March market holds a great deal of significance for the UK’s franchised dealer network, motorists and the wider economy,’ said Paul Everitt, SMMT chief executive. ‘More than 350,000 vehicles will be registered in the month with private motorists and business buyers capitalising on the ever increasing levels of fuel efficiency, safety, comfort and practicality of today’s vehicles.’

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James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.

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