Figures from the Society of Motor Manufacturers and Traders (SMMT)
Registrations 2.9% vs -1.1% prior y/y
Sales to private buyers +5.0%. First rise for nearly a year
2016 registrations hit a 17 year high at 1.72m
There were thoughts that the car market would shrink given the Brexit uncertainties and the fall in the pound yet it's doing the reverse. That's another sign that the domestic UK economy is ticking along. Remember though, that registrations don't necessarily mean actual sales but it can be a guide for demand.
