‘Another good year’ predicted for auto industry

There has been strong growth in new car sales so far this year, according to the motor industry.

Nearly 83,000 new cars were sold in the first three months of this year – that is up 28% on the first quarter of 2015.

Sales of light commercial vehicles were up by a third.

‘Another good year’ predicted for auto industry

Industry group SIMI predicts new car sales to exceed 156,000 this year.

The author of the SIMI/DoneDeal Motor Industry Review Jim Power believes the motor industry will see “another good year”.

‘Another good year’ predicted for auto industry

“New car registrations should be capable of expanding by around 25%, giving total sales of 156,181 for 2016,” said Power.

“Looking ahead to 2017, while it is impossible to forecast that far ahead with any degree of confidence, another good year should be in prospect for the auto industry.”

You can view the report in full here.

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