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Deloitte and the National Franchised Dealers Association (NFDA) comment on new car registration figures

6 September 2012

The latest car registration figures from the Society of Motor Manufacturers and Traders show a 0.1% increase in August to 59,433 units compared with August 2011.

David Raistrick, UK Manufacturing Leader at Deloitte, said: “Traditionally a quiet month for new registrations in the lead up to the September new plate registrations, the 0.1% increase in August does not come as a great surprise, but is not cause for concern either. Original equipment manufacturers (OEM) and retailers should be somewhat relieved that UK new registrations have not declined, in contrast to other European countries. Car sales in Germany remain challenging; sales were down 5% from August 2011, France down 11% and Italy down 20%.

“Manufacturers and retailers will be looking for a strong September, but reliance on the two busiest months of the year is a risk, particularly when consumers remain hesitant. Any stimulus the UK Government and manufacturers can develop together to improve sales would be well received by all.”

Sue Robinson, director of the NFDA, comments:
“We anticipate consumers will return to showrooms in autumn, showing a renewed interest in value for money, easy to maintain and fuel efficient vehicles.

“Although consumers are buying vehicles, we still believe that more encouragement is needed to boost consumer confidence and make vehicles more attractive. A stimulus package from the Government would be welcomed by businesses and consumers alike.”

Ends

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In this press release references to Deloitte are references to Deloitte LLP, one of the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

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