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SMMT Increases 2013 Forecast As New Car Sales Figures Are Soaring…

SMMT Increases 2013 Forecast As New Car Sales Figures Are Soaring…

The Society of Motor Manufacturers and Traders (SMMT) has increased its forecasted figures for new car sales in 2013 after registrations rose for the 17th month consecutively. The SMMT believe that new car registrations will top 2.216 million this year, which will represent a rise of 8.4 per cent compared with 2012.

Car sales data for July 2013 shows a 13 per cent growth, with an amazing 162,228 new cars sold. Registrations of electric plug-in cars also saw a massive rise, with 1,885 cars sold during the first seven months of this year, representing an increase of 70 per cent compared to the 1,104 sold last year. Registrations of alternatively-fuelled vehicles also grew by 17 per cent in July, with 2,432 cars sold.

The Ford Fiesta was the most popular vehicle topping the charts with 9089 cars sold. Ford also took second please with the Focus which racked up 7229 registrations, while the Vauxhall Astra came in third with a still respectable 6165 sales.

The SMMT interim chief executive, Mike Baunton said: ‘Now we have evidence of consistent growth, we have raised our forecast for 2013 new car registrations to 2.216 million units, an increase of over eight per cent on last year.’

‘Recently, we’ve seen a range of economic indicators point to improving conditions and our raised sales forecast emphasises how positively we view the rest of 2013."

The comments above do not necessarily reflect Rivervale's views unless clearly stated.

Car related news
13 August 2013
Written by Duncan
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