Market volatility demands greater forecasting rigour
SMMT revealed an 18.8% YOY decline in sales volumes in Q2 2022, with 1,759,684 transactions completed during this period. These results validate official downside Q2 predictions of 1,769,066 from Cox Automotive earlier this year, which were accurate to within 0.5% (a margin of 9,300 units) of the final recorded figure.