Record first quarter as new car market marches on

2000: 660,747 First quarter 2002 reaches 722,718 units – up 7.1 per cent on previous best Registrations of cars to private buyers rise 2.1 per cent to 223,989 units Record first quarter as new car market marches on March registrations up 3.85 per cent from 408,024 to 423,727 units He continued, ‘The current franchised dealer system works, and is endorsed by the fact that consumers are flocking to showrooms across Britain, confident in the service, products and deals available to them. Any drastic moves to change this system will only erode this level of confidence and could reduce the current high level of competition in the marketplace.’ Notes to editors 1. Previous first quarter results since the introduction of the twice-yearly plate change were: 1999: 635,942 2001: 675,083 SMMT chief executive Christopher Macgowan said, ‘There are great deals available, prices continue to tumble and new cars go on rolling out of franchised dealer showrooms with satisfied consumers at the wheel. Eighteen months of new car market growth has been bettered only by 30 consecutive months of falling prices’. 2. Diesel registrations soared 51.6 per cent in the first quarter to 157,408 units. 3. New car registrations in the UK are forecast to reach 2.35 million units in 2002. March 2002 The attached tables show the registration figures for Great Britain, Northern Ireland, The Isle of Man and the Channel Islands in detail. Top performers by range and UK penetration figures are also listed. Providing the SMMT is acknowledged as the source of this information, the figures may be quoted. Substantial reproduction needs specific approval by the SMMT. DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)

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