Analysis
– The 0.1% rise in the new car market in August was down on the pace of recent monthly gains, but is broadly on par with expectations. August registrations mark the sixth successive month of growth and the seventh rise in the first eight months of this year.
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– August is typically a small volume month, and will account for 3.1% of the 2012 market if SMMT’s 1,970,000 unit full-year forecast is
realised.
– The new ’62’-plate is forecasted to have more than 330,000 registrations in September, in line with the 2011 outturn. September
accounts for 17% of the annual total and is traditionally the second largest volume month after March.
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