February Sales Rose 1% in U.K.
The U.K.’s new-car market expanded 1% to 82,000 vehicles in February, says the Society of Motor Manufacturers and Traders.
#economics
The U.K.’s new-car market expanded 1% to 82,000 vehicles in February, says the Society of Motor Manufacturers and Traders.
The modest upturn ended five consecutive months of shrinkage, offsetting half of January’s 2% decline. Demand for alternative-fuel vehicles, although representing only 5% of the British car market, zoomed 34% to 4,500 units.
SMMT, which describes the February market as “stable,” urges the government to back stronger incentives to bolster demand for electric and hybrid models. The trade group says some 40 plug-in models are already available in the U.K., with another 20 expected by year-end.
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