Analysis
SMMT has significantly raised its forecast for 2013 new car registrations, predicting sales will reach 2,216,000 units, 8.4% ahead of 2012.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Registrations of alternatively-fuelled vehicles grew 17% in the month to 2,432 and hit 17,859 units for the January to July period.
SMMT Interim chief executive Mike Baunton said: "Strong business and consumer confidence in July saw the new car market continue to rise, posting double-digit growth in the month. Now we have evidence of consistent growth, we have raised our forecast for 2013 new car registrations by over 8% on last year. Recently, we’ve seen a range of economic indicators point to improving conditions and our raised sales forecast emphasises how positively we view the rest of 2013."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
