Think Tank & All~
On top of yesterday's report of that incredible increase in last
month's sales by F in China, here is a positive report out of the UK:
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UK private car sales jump in best May since 2005 -SMMT 06/06 06-
Jun-13 04:41:00
LONDON, June 6 (Reuters) - British consumers bought more cars last
month than in any May since 2005, and overall car sales including
company fleet purchases rose 11 percent on a year ago, adding to signs
the economy is getting going faster than its European peers.
The Society of Motor Manufacturers and Traders said that May marked
the first time that monthly car sales to private buyers have exceeded
those for the same month before the 2008 financial crisis.
"The performance of new car registrations in May marks a significant
milestone for UK automotive," said Mike Baunton, the industry trade
body's interim chief executive.
British car sales have performed much more strongly than in most of
the rest of Europe, and over the past year have defied a generally
gloomy picture for consumer demand in Britain, helped by cheap finance
and other factors.
Total new car registrations reached 180,111, up from 162,888 in May
2012, of which cars registered for private buyers accounted for
84,202.
Ford claimed the two best-selling models, with its Fiesta supermini
and mid-sized Focus, followed by General Motors' (GM:
$34.02,00$-0.94,00-2.69%) Corsa supermini and Volkswagen's mid-sized
Golf.
The SMMT numbers follow a positive week for British data, with
purchasing managers' indices pointing to 0.5 percent economic growth
in the second quarter and consumer confidence up. (Reporting by David
Milliken; editing by Patrick Graham)
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