Rupert Pontin, director of valuations at Glass’s said:
“The May new car registration results show a consistent market increase more in line with the level that Glass’s expect for the time of year. A 2.5% uplift suggests that we are experiencing a normal level of demand without the excessive pre-registration activity that we experienced earlier in the year. The increase is focussed on the Fleet sector which means that despite some concerns driven by the world economic position and a general lack of major investment in new initiatives, renewal of company fleets is still a priority.
There is little doubt that the EU Referendum is having an impact on the car market as a whole, and consideration must also be given to the fact that Euro 2016 starts in a matter of days which means that June figures may be lower than expected. There are certainly plenty of distractions for the retail buyer at the moment.”
