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February sees UK’s new car market take small dip

Monday 06 March 2017, By Autovolo

February sees UK’s new car market take small dip

February sees UK’s new car market take small dip

New car registrations had a slight dip in February, with demand falling by 0.3 per cent according to figures from the SMMT.

February is a historically weak month for sales as registrations usually fall in anticipation of the number plate change in March. A total of 83,395 cars were registered in February, while year-to-date registrations sit at 257,679.

However, alternatively fuelled vehicles bucked the downturn trend with 3,308 cars registered in February, up a huge 48.9 per cent on 2016.

Mike Hawes, SMMT chief executive, said: “February is traditionally one of the quietest months of the year and a steady performance was expected following another year of record growth in 2016.

“We expect to see the market bounce back in March as buyers take advantage of the new ’17-plate, as well as the last chance to buy a car eligible for current lower VED rates before they change on 1 April.”

The Ford Fiesta was the best-selling car in February with 4,282 registrations, followed by the Volkswagen Golf and Vauxhall Astra with 2,949 and 2,170 respectively.

Year-to-date figures show similar cars at the top of the list, with the Ford Fiesta coming out on top again with 12,177 registrations. The Volkswagen Golf and Ford Focus came second and third respectively.