4:07 pm, March 6, 2012
NEW car registrations fell 2.5 per cent in February, the latest figures from the SMMT reveal.
Registration figures fell to 61,868 units – but the SMMT is still optimistic saying that although the market is ‘flat’, it is only 0.8 per cent down on last year.
‘The February new car market was broadly in line with industry expectations with a welcome increase in private retail activity,’ said Paul Everitt, SMMT chief executive.
‘The March market will provide a much better indicator of industry health than the relatively low volumes traditionally seen in February. It is extremely important that the Chancellor uses this month’s Budget to strengthen consumer and business confidence by encouraging private sector investment and avoiding any further squeeze on living standards.’
