Thursday, October 23, 2014   

UK new car sales rise up again
(05-07 19:20)

British new car registrations rose 8.2 percent to 176,820 units in April, the 26th consecutive month of growth, said the country's automobile association on Wednesday.
Continuing improvements in economic conditions boosted consumer confidence, fuelling new car registrations, said the Society of Motor Manufacturers and Traders in its monthly data release.
SMMT revised up 2014 market forecast from 2.3 million to more than 2.4 million registrations, which represents an increase of more than 6 percent versus last year.
"This marks 26 consecutive months of growth as GDP continues to pick up, inflation falls and wage levels improve," said Mike Hawes, SMMT Chief Executive.
The automotive industry was a vital part of the British economy, accounting for more than 60 billion pounds turnover and 12 billion pounds value added. It accounted for 10 percent of total British export of goods.
The SMMT was the trade association for the British motor industry, which covered companies of all sizes in the industry including supply chain, aftermarket, manufacturing and distribution. --Xinhua   
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