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UK new car sales post highest level since 2007: SMMT

by ChemOrbis Editorial Team -
  • 04/12/2014 (14:59)
New car registrations in the UK hit a seven-year high in 2014 with the support of cheap credit as well as an economic recovery, according to data from the Society of Motor Manufacturers and Traders (SMMT).

Sales increased 8% year over year in November to more than 172,327 units, bringing year to date sales to 2.3 million vehicles, already exceeding 2013’s total yearly figure. The SMMT expects annual sales to hit 2.46 units in 2014 before grow slows to 2.49 million units in 2015 and stabilizes in 2016.
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