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Continued momentum in new car sales

NFDA 05/07/2021

“The 28.0% increase in new car sales in June builds on the continued strong momentum in auto retailing”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle dealers in the UK, commenting on the latest SMMT’s new passenger car registration figures.

New car sales increased by 28.0% compared to the same month last year when most dealerships had reopened after the first lockdown and the market benefited from significant pent-up demand. In total, 909,973 new cars have been registered in 2021. Battery electric vehicles rose 122.9% and plug-in hybrids grew by 145.7%, in June. Registrations of petrol and diesel vehicles declined by -1.7% and -34.7% respectively. Demand from private customers was up 21.8% from 2020’s levels.

Sue Robinson added: “Retailers are seeing robust consumer demand and continued outperformance of the UK retail new and used car market.

“Franchised dealers are optimistic for trading over the summer albeit there will likely be a tightness in supply of new cars ahead as the shortage of semiconductors is hitting car production.

“We expect the industry to continue to perform well, with consumer confidence remaining high and retailers providing a first-class service to their customers”.

 

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About the RMI

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.