UK car sales in May 2014 climbed 7.7 percent in May to 194,032 units

Article by Christian A., on June 8, 2014

Car sales in the United Kingdom jumped 7.7 percent in May to 194,032 units, according to the Society of Motor Manufacturers and Traders (SMMT). The SMMT said in a statement that car sales have surged for 27 straight months – a new record for longest monthly growth since it started tabbing records in 1959.

The SSMT said the future demand this year might slow down, as the May growth results was a decline from April’s 8.2-percent hike and March's 18 -percent increase. The SMMT is expecting the annual growth for the full year 2014 to hit 6 percent.

SMMT chief executive Mike Hawes said in the statement that there should be some leveling off in growth rates in coming months as “underlying demand stabilizes." Cheap financing has been a vital factor why car sales were one of the first sectors of UK consumer demand to turnaround.

Richard Lowe, head of retail and wholesale at Barclays, remarked it will be interesting to see if the growth rate slows down in the summer months. He added that if such thing happens, all eyes will be on carmakers and the actions they would take to drive the market forward.

Topping car sales in the UK in May is the Ford Fiesta subcompact, although the Ford Focus compact slid to second place. It is followed by the Volkswagen Golf and the Vauxhall Corsa.

New-car registrations in Germany surged 5 percent in May, driven by incentives offered by carmakers like Opel and Citroen. May sales slightly jumped up 0.1 percent in France and dropped 4 percent in Italy. Sales climbed 17 percent in Spain, boosted by a government subsidy scheme aimed at hiking sales.

If you liked the article, share on:

Topics: uk, sales

Comments

Recommended

We’re willing to bet that the Bentley Bentayga is not the first thing that comes to mind for most people who are into off-roading and outdoor activities. It just doesn’t...
by - November 23, 2017
The other day, it was confirmed that Volvo will finally bring the XC40 to US soil, where it will first make an appearance at the 2017 Los Angeles Auto Show....
by - November 23, 2017
There is no question that the new BMW M5 (F90) high performance sports sedan is more powerful, faster and more enticing than the previous model. But for interested customers in...
by - November 23, 2017
Following the Tesla Roadster’s electrifying revelation on Thursday, Musk’s highly ambitious goals have skyrocketed when he tweeted about his future plans for the new sports car. Well, kind of. The...
by - November 23, 2017
Earlier in November at the 2017 SEMA Show in Vegas is when Hennessey unwrapped the Venom F5 to all of us. But it was actually first introduced as a concept...
by - November 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries