Analysis
– 2,264,737 cars registered in 2013, up 10.8% on 2012 and exceeding SMMT’s 2,250,000 forecast for the year.
– 2013 hits highest annual registration total since 2007 as December achieves 22nd consecutive monthly rise.
– On average, an additional 600 extra cars registered per day in 2013 than in the previous year.
– UK firmly secured as Europe’s secondlargest car market and the only one to grow consistently throughout the year.
– 2014 market expected to stabilise with sustainable growth of around 1% over the year.
SMMT chief executive Mike Hawes said: "With its best year since pre-recession 2007, the UK new car market has helped stimulate the country’s economic recovery. We expect new car registrations to remain stable in 2014 as customers return to a more regular replacement cycle.
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