We’ll buy more new cars than expected this year. According to forecasts from the Society of Motor Manufacturers and Traders, we’ll purchase almost as many as we did last year, when sales received a huge boost from the government’s scrappage discount scheme.
If they’re right, a total of 1.9 million new cars will join the UK’s roads this year – that’s 3.6% fewer than in 2009. Even so, that total is 100,000 higher than expected. The difference is down to higher than anticipated sales during the first three months of the year.
Sales for 2011 and 2012 are now expected to maintain a gradual increase, to total 1.95 million sales next year and 2.06 million after that. Used-car sales run at roughly three and a half times higher and are expected to follow the pattern set by new cars.
May 10, 2010