The SMMT have published figures for July 2011 which show that new car registrations declined by 3.5% in July to 131,634 units, with the overall market down 6.7% over the year-to-date, the 13th successive monthly decline in volumes. The SMMT figures show fleet registrations were up 2.1% in July and by 3.3% over the year-to-date with an expectation of 1.93 million unit sales for the full year, 5% down on 2010.
Private new car registrations fell by 9.2% in July and have fallen by 17.3% or over 100,000 units over the first seven months of the year.
Commenting on the figures, SMMT CEO, Paul Everitt, said, “New car registration figures fell marginally by 3.5% to 131,634 units in July, reflecting the impact of slower economic growth and subdued consumer confidence. Robust demand in the fleet sector helped to bolster weaker private demand. While the coming months remain challenging, performance in the second half of 2011 is expected to keep the market on course to reach around 1.93 million units.”
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