Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The new car market in the UK has recorded its longest period of year-on-year growth since 2015, figures show.
Some 145,204 new cars were registered in May, up 16.7% from the same month last year, the Society of Motor Manufacturers & Traders said.
May was the 10th consecutive monthly rise, but registrations remain 21% down on the pre-coronavirus levels of 2019.
SMMT Chief Executive Mike Hawes said: ‘After the difficult, Covid-constrained supply issues of the last few years, it’s good to see the new car market maintain its upward trend and the fact that growth is increasingly green growth is hugely encouraging.
‘Transforming the market nationwide, however, and at an even greater pace means we must increase demand and help any reticent driver overcome any concerns about electric vehicles.
‘This will require every stakeholder industry, government, chargepoint operators and energy companies to play their part, accelerating investment to drive decarbonisation.’
By Neil Lancefield, PA Transport Correspondent
Press Association: Finance
source: PA
Copyright 2023 Alliance News Ltd. All Rights Reserved.