Andrew Jackson, Glass’s head of analytics believes new car registrations could increase beyond 17% in August due to the support manufacturers are offering to support sales in the UK.
August typically represents 3% of registrations during a 12 month registration period and is notable for being a low-point in the year due to consumers’ desire for a newer registration plate that becomes available in September.
SMMT figures show new car registrations in August 2012 reached 59,433 units.
Jacksons said: “Our prediction is that new registrations will reach 70-75,000 units although this will depend largely on what manufacturers and dealers will be prepared to offer.
“The expectation is for more 0% APR financing to become available as manufacturers jockey for position in the market. However time will tell if this is a step all manufacturers are prepared to take.”
New car registrations in the UK continue to grow and July marked the third consecutive month of registrations higher than any prior equivalent month since 2007.