New car registrations at highest since 2004

SMMT release impressive February figures for new car registrations

Figures released by Society of Motor Manufacturers and Traders (SMMT) show that February proved to be another successful month for the automotive industry, with new car registrations hitting the highest level since 2004.
The latest SMMT figures show that new car registrations rose by 8.4% in February compared with the same month in the previous year; this follows an almost equally impressive January. The chief executive of SMMT, Mike Hawes, said that February’s result was particularly impressive when one considers that this month is usually the quietest in the year.

Auto registrations increase in February

February UK auto registrations reach highest rate since 2004

A total of 83,395 cars were registered in the UK in February; this is the best February for more than a decade, and even beats the pre-financial crisis years. Private buyers were behind the increase, with a rise in demand by 22.6%.
Despite the overall good news for the UK’s auto industry, some auto brands did record a drop in sales. The German automotive manufacturer, Volkswagen, is still suffering from last year’s emissions scandal. The brand sold 6,694 cars in February, which equals a 13.2% drop compared to the previous year.
Other brands taking a hit include Vauxhall, which recorded a 17.6% decrease; and Toyota’s new car registrations fell by 16%.
However, it is not all bad news for VW, as many of its other marques recorded a successful February, including Audi (up by 22%); Seat (up by 35%); and Skoda (up by 28.4%).
Mike Hawes, SMMT chief executive, commented: “February is typically one of the quietest months of the year, ahead of March’s plate change, but this positive performance is encouraging and puts the sector in a good position for the coming 12 months.”
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