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.