New car registrations drop in May

     
  05/06/2008 17:51:07  
 

New car registrations dropped by 3.5 per cent to 179,272 units in May, new statistics show.

According to figures from SMMT, so far this year new car registrations are down by a total of 0.6 per cent.

However, the demand for diesel vehicles increased by 8.4 per cent to 80,246 cars in May, while the mini segment was up by 120 per cent last month and 27.4 per cent over the year-to-date.

Paul Everitt, chief executive at SMMT, said: "The slow-down in the overall new car market in May comes as no surprise and reflects concerns across the economy.

"The figures are in line with SMMT forecasts for 2008, and we expect a tough year ahead. Vehicle manufacturers and dealers will have to work hard to attract consumers, who are facing increasing household and motoring expenses."

Sue Robinson, director of the RMI National Franchised Dealers Association pointed out, however, that the growth in some new car segments shows that there is "still a lot of life in the new car market".

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