UK New Car Sales Grow 13 Percent in June

Sales of new cars increased by more than 13% in June to just under 215,000, the 16th consecutive month of growth, new figures show.

The rise was boosted by sales of private cars, which were up by more than 20% last month compared with June last year, the Society of Motor Manufacturers and Traders said.

New car registrations for the year passed the 1 million mark in June, increasing by 10% compared with the same period in 2012 to 1,163,623.

Motorists switching to more fuel-efficient cars helped reduce average new car C02 emissions by 3.7% on a year ago.

The SMMT’s interim chief executive, Mike Baunton, said: “Boosted by consistently strong private demand and further growth in June, half-year new car registrations have topped the 1 million mark.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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