NEW car sales last year exceeded motor industry expectations by finishing 2.5 per cent up on the 2006 total.
New registrations in 2007 reached 2,404,007, with diesel-powered vehicles taking a record 40.2 per cent share of the market, the Society of Motor Manufacturers and Traders (SMMT) said.
SMMT chief executive Paul Everitt said: "Last year, demand for new cars was stronger than many had predicted. There is little sign that the US credit crisis or rising fuel prices have affected demand and we foresee only limited changes through 2008. The UK economy remains resilient and the new car market is ultra-competitive. Car makers will continue to fight hard for every sale and consumers will benefit from unprecedented choice and excellent deals."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article