New car market grew for 15th consecutive month in May
The Society of Motor Manufacturers and Traders (SMMT) has announced new car registration figures for May 2013. Year-on-year the new car market grew 11%, with 17,823 more cars registered than in May 2012.
May was the 15th consecutive month of growth in new car registrations, although the total new car market is still down on pre-recession numbers from 2007. Importantly, demand from private buyers rose 20.9%, which betters pre-recession volumes.
"While it is clear that buying confidence among UK motorists is very strong, continued economic uncertainty abroad, particularly in the rest of Europe, will mean that manufacturers remain cautious about performance in the second half of 2013." said SMMT Interim Chief Executive, Mike Baunton
Click through the gallery below to see the five winners and losers from May 2013.
Loser
MG – 13 registrations
MG is struggling for the same reasons as Proton – people don’t know you can buy one. MG was probably hoping that Jeremy Clarkson’s review of the car would help them out some, but he panned it and gave it one star. That could be another nail in the coffin for MG, which struggles to sell any more than 20 cars, month after month.
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