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March car registrations surpass 500,000 units
Date: 06 April 2016 | Author: Daniel Puddicombe
More than half a million new cars were registered last month, the latest Society of Motor Manufacturers and Traders figures have revealed.
According to the SMMT, 518,707 new cars were shifted during the month - making it only the third time the market has surpassed half a million registrations in a month.
Demand among fleet users was up by 6.0% compared to March 2015, while private and business registrations increased by 3.8% and 15.3% respectively.
Registrations for alternative fuel vehicles increased by 21.5% in the month, while demand for petrol and diesel cars was up by 4.8% and 4.7% respectively.
"The sector's strong growth in March rounds off a robust first quarter as British consumers continue to demonstrate their appetite for new cars, especially ultra-low emission vehicles," said Mike Hawes, SMMT chief executive.
"This consumer confidence should see registrations remain at a high but broadly stable level over the year but could be undermined by political or economic uncertainty."
