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07/01/2015
Rise In New UK Car Registrations
New cars registered in the UK in 2014 have reached a new high since 2004, according to the Society of Motor Manufacturers and Traders (SMMT).
A total of 2,476,435 new cars were registered in the UK in 2014, a market growth of 9.3% over the previous year, ahead of the EU average of 5.7%.
The UK remains second largest market in EU and recorded second-largest growth of these top five EU markets.
Mike Hawes, SMMT Chief Executive, said: "UK new car registrations returned to pre-recession levels in 2014, as pent-up demand from the recession years combined with confidence in the economy saw consumer demand for the latest models grow consistently and strongly. For the market as a whole, we expect a more stable 2015 as demand levels off."
(CD/JP)
A total of 2,476,435 new cars were registered in the UK in 2014, a market growth of 9.3% over the previous year, ahead of the EU average of 5.7%.
The UK remains second largest market in EU and recorded second-largest growth of these top five EU markets.
Mike Hawes, SMMT Chief Executive, said: "UK new car registrations returned to pre-recession levels in 2014, as pent-up demand from the recession years combined with confidence in the economy saw consumer demand for the latest models grow consistently and strongly. For the market as a whole, we expect a more stable 2015 as demand levels off."
(CD/JP)
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