| Rise in new car sales |
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New car sales in Britain rose 26.4% in February from a year earlier, the Society of Motor Manufacturers and Traders said today (4 March 2010).
However, it added that demand would likely tail off after a car scrappage scheme ends next month. New car sales last month totalled 68,686 vehicles. SMMT said cars bought under the scrappage scheme accounted for almost 20% of total sales. "We expect its benefits to stretch beyond the scheme's closure later this month," said SMMT chief executive, Paul Everitt.
However, SMMT said the impact would diminish in the second quarter and that sales were likely to start falling in the second half of this year as the economic outlook remained uncertain. |
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