Analysis
UK new car registrations grew in January, with an 11.5% rise to 143,643 units, compared to January 2012.
Go deeper with GlobalData
This was the third month of double-digit growth in the past four months and the 11th successive monthly rise. Growth in 2012 followed a 12.9% rise in private demand.
Growth was again concentrated in the private market, although all sales types increased registrations in January.
A challenging economic backdrop suggests market-specific factors are helping to drive demand, such as delayed purchases being tempted by deals and offers.
SMMT revised upwards its full-year forecasts for 2013 and 2014, after better-than-expected growth in 2012. The market is expected to rise by 0.6% to 2.057 million units in 2013 and by 2.6% to 2.11 million units in 2014.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
