By Daniel Hunter

Data released by Society of Motor Manufacturers and Traders (SMMT) has shown that new car registrations fell 2.5% in February to 61,868 units.

With new registration plates issued in March, February has always been a slow month.

“The February new car market was broadly in line with industry expectations with a welcome increase in private retail activity,” said Paul Everitt, SMMT Chief Executive.

“The March market will provide a much better indicator of industry health than the relatively low volumes traditionally seen in February. It is extremely important that the Chancellor uses this month’s Budget to strengthen consumer and business confidence by encouraging private sector investment and avoiding any further squeeze on living standards.”

Join us on
Follow @freshbusiness