British car sales enjoyed their strongest May in 10 years last month with sales rising by more than 7 percent from a year earlier, but future sales are likely to slow, an industry group said on Thursday.
The Society of Motor Manufacturers and Traders (SMMT) said new car registrations totalled 194,032 last month, a 7.7 percent rise on a year earlier and the highest May sales since 2004.
“With SMMT forecasting an overall rise of around 6 percent over the year, the coming months should see some levelling off in growth rates as underlying demand stabilises,” said SMMT chief executive Mike Hawes.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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