September car sales dip
06 October 2011
Car registrations were down 0.8% in September at 332,476 units compared to the same month in 2010. However, retail sales were down 9.3% but growth in fleet registrations supported the market.
The SMMT expects the full year new car market to end 5.3% below 2010 levels at 1.92 million units. However, the organisation has revised down its prediction for 2012 to 1.96m cars, a drop of 2.2% on the previous forecast of 2.005m cars.
Those retailers Auto Retail Network spoke to during September said they found the month tough but were able to achieve targets, although this was often at the expense of margin.
“The all-important September market outperformed expectations and is less than 1% below last year,” said Paul Everitt, SMMT Chief Executive. “We expected 2011 to be a challenging year and we are on track for a full year total of around 1.92 million new car registrations, 5% below 2010. SMMT has revised down its 2012 registrations forecast to 1.96 million units; a reflection of the continued weakness in UK domestic demand and the uncertainty across European economies. It is important government acts to sustain an investment-led recovery and implements measures to encourage more private sector investment in R&D, skills, new plants and machinery."