New car registrations down 1.7% in May

May 2011 new car registration figures: New car registrations fell 1.7% in May according to the latest figures released today by the SMMT.

150,431 cars were registered in the month, with the market just 1.7% or 2,664 units down on May 2010 while registrations over the first five months of 2011 are down 7.3% to 846,513 units.

‘New car registrations for May were down just 1.7 per cent on 2010 levels, with strong performances in the fleet and business sectors,’ said Paul Everitt, SMMT chief executive.

‘Consumers remain cautious, but with significantly improved fuel economy, service plans and more affordable finance, there is great value on offer across the market.

The SMMT says the market is on track to achieve full year forecast of 1.93m units, although ‘economic setting remains uncertain.’

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