However, the SMMT believes new car sales over the next two years depend on how long the positive economic influences - particularly interest and tax rates - can be held. And it is warning that its 2.11 million forecast for this year should be viewed cautiously saying that in reality the market could be 2.08 million with a stronger market implying a slightly more pronounced softening next year as a result of the 'unwinding of the current positive economic and political trends' at the end of 1997 and into next year.
The SMMT also predicts imported cars will continue to take a larger share of the UK new car market following their 62% share last year particularly as a result of increasing their fleet and business sector volumes. Beyond 1998 the SMMT believes sales will remain around the two million mark.
Login to comment
Comments
No comments have been made yet.