Sales in the UK's new car market have risen again in May, marking the longest-ever period of growth in history. A total of 194,032 new cars were registered last month, the highest total for the same period since 2004.
Registrations for 2014 have also passed one million, with 1,058,974 new cars sold so far this year. The Society of Motor Manufacturers and Traders (SMMT) is forecasting total registrations this year of 2.4 million. SMMT chief executive Mike Hawes said: "The new car market has now grown in every month since March 2012 – the longest period of growth on record and a reflection of the UK’s ever-improving economic conditions.
"Over the past 27 months, increasingly confident consumers have been drawn to some fantastic new products, attracted by innovative technologies, improved fuel economy and competitive deals helping make a new car more affordable."
Ford has again lead the monthly sales charts with over 23,000 new cars registered, and is well ahead for the year so far, taking over 13 per cent of the car market. Close behind was Vauxhall with a ten per cent market share, ahead of Volkswagen, Audi and Mercedes.