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UK new car sales post highest pace since 2004: SMMT

by ChemOrbis Editorial Team -
  • 07/01/2015 (17:16)
New car registrations in the UK posted a ten-year high in 2014 on the back of cheap credit as well as an economic recovery, according to data from the Society of Motor Manufacturers and Traders (SMMT). New car sales posted consecutive increases throughout the year and posted a 34th consecutive monthly increase in December.

The country’s annual sales increased 9% year over year in 2014 to reach 2.47 million vehicles. The SMMT reportedly expects a more stable trend in 2015, attributing the consistently strong figures from 2014 to pent-up demand following an extended recession.
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