The UK’s new-car market sprung a surprise in February, as registrations bucked a recent trend by recording double-digit growth. Phil Curry, Autovista24 special content editor, analyses the numbers.
A total of 84,886 new passenger cars took to the country’s roads last month, a 14% rise compared to February 2023. According to figures from the Society of Motor Manufacturers and Traders (SMMT), this was the best February in 20 years. It was also the market’s 19th consecutive month of growth.
The numbers also reverse a slowdown in growth which began in July 2023. November, December and January all recorded single-digit improvements in registrations.
February is usually a lower-volume month, as customers wait to take advantage of the UK’s traditional plate-change in March. So last month’s gains are likely to boost optimism and hopes that growth will continue throughout the year.
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