UK new car registrations soar 674% as recovery continues in May

Strong business demand helped the UK car market to continue its recovery, with fleet sales accounting for more than half of the 156,737 new cars registered in May – but demand for vehicles was still down compared with the same period in 2019.

The 156,737 registrations last month marked a 674.1% rise from last May, when dealerships were shut due to the first lockdown and only a handful of sales were registered. The strong recovery came with showrooms now open following the most recent lockdown, but the sales total was still down 14.7% on May 2019 – and it was 13.2% lower than average May sales over the past decade.

Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.

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