Private sector growth picks up in Germany and Spain while France was the outlier in May
Mike Hawes, the SMMT’s chief executive, said:
As Britain prepares for next month’s general election, the new car market continues to hold steady as large fleets sustain growth, offsetting weakened private retail demand. Consumers enjoy a plethora of new electric models and some very attractive offers, but manufacturers can’t sustain this scale of support on their own indefinitely. Their success so far should be a signpost for the next government that a faster and fairer transition requires carrots, not just sticks.
Despite a challenging start to the year for consumers and businesses alike, it’s heartening to see electric vehicle sales continue to increase. That’s feeding through to confidence with those we speak to, which in turn will fuel investment in new models and spur sales further.
Consistency will be key to maintaining that long term confidence and helping the market grow. As it does, momentum will pick up and the second-hand market will entice yet more people to make the leap.
Continue reading...
0 Comments