By on May 7, 2013

London traffic - Picture courtesy gothamgazette.com

 

The UK new car market  was up a strong 14.8 percent in April.

UK’s SMMT  says that April registrations stood at 163,357 units, and that registrations in the first four months of 2013 grew 8.9 percent to 768,555 units. However, even the SMMT warns not to read too much into this.

Throughout the year, the UK car market had been the only bright spot in an otherwise gloomy Europe.  January through March, the UK already was up 7.4 percent, while all other major markets in Europe were down.  The SSMT thinks growth looks higher than usual this month because  “with high demand for some models in March and an early Easter break, a number of registrations may have been pushed in to April.”  We have mentioned a similar effect in Germany.

April Registrations European Volume Markets
April YoY Jan-Apr YoY
GERMANY 284,444 3.8% 958,401 -8.5%
UNITED KINGDOM 163,357 14.8% 768,555 7.4%
FRANCE 157,859 -5.2% 591,741 -12.0%
ITALY 117,625 -10.8% 474,308 -12.0%
SPAIN 62,320 10.8% 243,186 -7.0%
BELGIUM 53,036 9.8% 202,196 2.8%
NETHERLANDS 30,538 -26.0% 146,063 -30.0%

April Sales for all countries in Europe will be released later in the month. Based on the results of Europe’s largest volume markets, which represent more than 80 percent of the EU’s total, we expect  EU car sales to be flat to slightly positive  for April, and down  around 7 percent for the first four months of the year.

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6 Comments on “April Registrations Up Strongly In The UK – Don’t Party Yet...”


  • avatar
    henkdevries

    Reuters mentions several things:
    Less eager to put money in the bank since the interest rate is 0,5%.
    Banks paid 8.9 billion pounds to mis-sold PPI, average almost 3,000 pounds.
    London’s thriving property market.
    That last one is influenced by uncertainty elsewhere as wealthy folks rather buy a house in London than put it in a savings account in Russia/Cyprus/Middle East

    http://uk.reuters.com/article/2013/04/24/uk-britain-economy-autos-idUKBRE93N0FP20130424

  • avatar
    thelaine

    They should drive straight to the dentist.


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