Finest July in three years for automotive registration, SMMT says
UK automotive gross sales have grown all 12 months, regardless of borrowing changing into dearer and a price of residing disaster creating tough monetary circumstances for customers. The variety of new vehicles registered grew 28% in July, in comparison with a 12 months earlier, within the seventh month of development this 12 months, in accordance with knowledge from the Society of Motor Manufacturers and Traders (SMMT).
But regardless of the rise final month, new registrations are nonetheless under historic traits and the outlook for subsequent 12 months has been downgraded.The July 2023 development was sizeable due to the extent of contraction final 12 months - new registrations in July 2022 had been on the lowest stage throughout the 16 years from 2006.Latest SMMT knowledg...










