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
Lotus – 22 registrations
It’s hard to understand what’s happening at Lotus. There’s little doubt the British marque produces some fine cars, but its future is far from certain – debts are piling up and it’s ever more difficult to know how long the company is going to soldier on for. Hardly inspiration to spend a large sum of money on one of its cars.
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