91³ÉÈË

• New car registrations fell less than expected in February, dropping just 7.7% to 63,424 units.
• February outturn was above expectations and only just below the scrappage-boosted 2010 market.
• Registrations over the first two months of 2011 were down 10.2% to 192,235 units.
• First six months of 2011 are expected to be down by 8.3% before picking up in the latter half of the year.
• February typically accounts for just 3% of annual sales, ahead of the March plate change.

“The UK motor industry is looking for a strong March market to help boost confidence and kick start demand for the new 11-plate. February new car registrations were better than expected and whilst below 2010 levels, they were significantly ahead of 2009 and on an improving trend,” said Paul Everitt, 91³ÉÈË Chief Executive. “This month’s Budget will be critical in determining consumer and business confidence and the ongoing stability of the market. We’re looking for certainty on motoring taxes, a freeze on fuel duty and measures that support business investment and access to finance and credit.”

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