A total of 172,907 new cars were registered in July, a rise of 6.6% and the 29th consecutive month of growth.
The Society of Motor Manufacturers and Traders said economic confidence and attractive finance have driven the market up 10.1% year-to-date to 1,460,172 units.
Faster-than-expected first half-year growth has prompted the SMMT to make an upward revision of its 2014 market forecast to 2.45 million registrations, up 8.1% on 2013.
Mike Hawes (pictured), SMMT chief executive, said: "July saw the new car market extend its record period of growth to a 29th month, as confident consumers took advantage of an array of new products and attractive finance deals on the latest fuel-efficient new cars.
"The continued positivity has led to an uplift in the SMMT full year forecast to 2.45 million passenger car registrations, a rise of 8.1%. However, the more moderate growth of the last three months shows that overall demand is beginning to stabilise."
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
whizkid - 06/08/2014 17:44
Does this include the manufacturers aspirations of Pre registrations!