Analysis
– UK new car registrations rose for a 12th consecutive month in February, with a 7.9% rise to 66,749 units.
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– The increase was on par with average growth posted during the past three months and above the 6.4% average growth posted in the last 12 months.
– Given the subdued nature of the economy, the growth is likely to be the result of market-specific factors – notably replacement demand being enticed through attractive deals and offers on new, more efficient cars.
– Private registrations have risen for 14 consecutive months, with volumes in February up 28.9%.
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