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New car market continues to see growth

Date: 05/04/2013 17:01:45
Category: Car tracking
Author: Lauren Sutton

The new car market has continued to see growth for the 13th consecutive month, according to bbc.co.uk.

New registrations saw an increase of 5.9 per cent in March, with 394,806 new vehicles being registered on 13-plates.

Figures from the Society of Motor Manufacturers and Traders (SMMT) show new car registrations are at their highest since 2010, when the government scrappage scheme was in use. Those buying these new vehicles should consider protecting their investment with tracking systems, which can help them trace the vehicle if it is stolen. 

The interim chief executive of SMMT, Mike Baunton, shared his thoughts with the results: "UK new car registrations out-performed expectations in March, the first month of the new 13-plate.

"Despite ongoing economic concerns, consistent monthly growth in the market is an encouraging sign of returning consumer confidence as motorists are attracted to forecourts by new models and the latest technologies."

Telegraph.co.uk reports the figures show growth across all sectors, but the supermini segment showed the highest increases, thought to be due to a range of new models. The Ford Fiesta, Ford Focus and Vauxhall Corsa have been the top three best selling models for the whole of the first quarter, as well as in the month of March.

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