LONDON (MNI) – UK car registrations slumped 4.4% in 2011 from the
previous year, the Society of Motor Manufacturers and Traders said
today.
The SMMT said that registrations were down 3.7% in December from
the same month of 2010.
Despite the annual fall, new car demand in 2011 came in better than
forecast at 1,941,253 units compared with a 1.92mn forecast. Q4 as a
whole saw registrations down 1.8% on the year ago period.
The market is forecast to be broadly stable in 2012, with firmer
recovery expected in 2013.
“2011 proved to be a challenging year for the UK motor industry,”
said Paul Everitt, SMMT chief executive.
–London newsroom: 4417 862 7492; email: dthomas@marketnews.com
[TOPICS: MABDS$,M$B$$$]
