New car market continues to perform in 2014

Published 06/02/2014 00:00:00 in Press Releases

“It is extremely encouraging to see that the car market continued to perform well in January 2014 following the success of 2013” said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.

New car sales figures, released today, show month on month sales were up 7.6% compared to January last year. Private registrations have risen 17%, with Alternative Fuel Vehicle sales increasing by 25%.

Sue Robinson continued “Increased retail demand continued to drive UK sales in the first month in January.

“Consumer confidence continues to grow as the economy becomes more robust. Retail customers feel secure enough to commit to buying cars often helped by the competitive offers made available by the manufacturer.

“Despite the boost in buying confidence consumers continue to monitor their spending and are looking at ways to reduce their household expenditure.  This has resulted in a demand for smaller fuel efficient and easy to maintain vehicles.

“The NFDA expect the market to continue to perform well and to build on the success of 2013.”

 

ENDS

NOTES TO EDITORS:

 

Keely Scanlan, Press Officer

Tel: 020 7307 3410

Mob: 07825097697

Press Office direct line: 020 7307 3422   

Press Office fax: 020 7307 3406


Web: www.rmif.co.uk       Email: keely.scanlan@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses.  The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland

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