According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), the UK new car market in May recorded its longest uninterrupted period of expansion for eight years, as registrations grew 16.7%(compared with May 2022) to reach 145,204 units. This marked 10 consecutive months of growth, although registrations remain 21.0% below pre-pandemic 2019 levels. Large fleet registrations continued to drive the growth, up by 36.9% to 76,207 units, reflecting a 'regularisation of supply following challenging supply issues in 2022' Registrations to private buyers fell slightly - by 0.5% - to 65,932 cars, while smaller business fleets registered 3,065 units, a year-on-year rise of 22.5%.
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