The Retail Motor Industry Federation’s National Franchised Dealers Association (NFDA) expects that around 442,000 new vehicles will be sold or collected by their owners during March. This will be a drop on the 449,287 new vehicles sold in March 2007, according to figures from the Society of Motor Manufacturers and Traders.
Sue Robinson, director of the NFDA, said: “The new plate will give a boost to sales in what is expected to be a tougher trading year for the industry. Further interest rate rises, a high level of consumer debt and increasing tax burdens and utility bills are unlikely to benefit the retail new car market.
“Despite the twice-yearly number plate change introduced in 2001, many consumers still want to be the first to have a car with a new plate, and the March plate change is proving to be more popular.”