UK Car Sales Rise 3 Percent in February

UK car sales in February were up 3% from a year ago, the Society of Motor Manufacturers and Traders has said.

The increase means sales of new cars have risen for every month over the past two years, with sales up by 17.4% over the period.

February was a “typically quieter month”, the SMMT added, with 67,736 cars sold.

Total sales for the first two months of 2014 were 6.1% higher than the same period a year ago at 223,298.

SMMT chief executive Mike Hawes said the past two years of continued growth in sales underlined the attractiveness of the new car market and growing consumer confidence.

via BBC

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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