John Leech, UK Head of Automotive at KPMG, comments on the car sales data released today by the Society of Motor Manufacturers and Traders (SMMT):
“With UK car sales rising almost 8% in February, this is the twelfth consecutive month of year-on- year volume growth.
“It is mainly the UK consumer powering the recovery. Sales in this segment alone have risen 29% in February as manufacturers have lured consumers with a wide range of discounts, including 0% finance.
“The downwards shift towards smaller cars in the Mini and Supermini segments also gained further momentum and with new launches such as the Vauxhall Adam this trend is set to accelerate further in the coming months.
“Things are very different on the Continent. Germany saw new car sales drop 11%, France saw a 12% drop and Italy an 17% drop in February 2013. Car manufacturers therefore are continuing to target the comparatively buoyant UK market, with larger than normal discounts to keep factories busy. The UK consumer is clearly responding and this is raising expectations for bumper sales next month when the new March 2013 registration plates are released.”
Katrin Boettger, Senior PR Manager
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