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U.K.’s Car Market Growth Slows
New-car registrations in the U.K. grew only 4% in October, the slowest pace in eight months, the Society of Motor Manufacturers and Traders reports.
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New-car registrations in the U.K. grew only 4% in October, the slowest pace in eight months, the Society of Motor Manufacturers and Traders reports.
SMMT predicts full-year sales will reach 2.25 million units in 2013, up 10% from last year and 50,000 units above the previous forecast. But the association says growth in 2014 and 2015 will slow to about 1%.
October sales totaled 157,300 units, led by a 7% increase in demand for diesel-powered cars. Private-market sales rose nearly 5% and were up 16% for the first 10 months of the year.
The Ford Fiesta small car was the month's best seller by a wide margin. SMMT says supermini vehicles account for 36% of the British market this year, followed by lower-medium cars with a 26% share.
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