UK car sales rise 18% in March - SMMT
By Frank Prenesti
Date: Wednesday 05 Apr 2023
(Sharecast News) - UK car registrations grew for the eighth consecutive month in March, according to industry data released on Wednesday.
Registrations rose 18.2% last month on an annual basis, said the Society of Motor Manufacturers and Traders (SMMT), with the increase boosted by large fleet sales, up almost 50%, as supply chain challenges slowly continue to ease.
"March's new plate month usually sets the tone for the year so this performance will give the industry and consumers greater confidence," said Mike Hawes, SMMT chief executive.
"With eight consecutive months of growth, the automotive industry is recovering, bucking wider trends and supporting economic growth. The best month ever for zero emission vehicles is reflective of increased consumer choice and improved availability but if EV market ambitions - and regulation - are to be met, infrastructure investment must catch up."
Reporting by Frank Prenesti for Sharecast.com
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