UK car registrations hits four-year high

New car registrations jumped 5.3 per cent in 2012, boosted by strong consumer demand, according to the Society of Motor Manufacturers and Traders (SMMT).

Over the year, 2.04m vehicles were sold, according to data out this morning, the highest figure since the recession started in 2008.

In December, new car registrations rose by 3.7 per cent to 123,557 units.

“Boosted by strong consumer demand, the market grew at its fastest rate for 11 years with innovative, fuel-efficient cars keeping buyers in showrooms,” Paul Everitt, chief executive of the SMMT, said this morning.

“Looking ahead to 2013, we anticipate the market will hold firm,” he added.