Hyundai has seen something of a meteoric growth in the last five years but the company have predicted that 2013 will be a little different. Bosses at the company expect to see sales in the UK stagger as they simply don’t have enough cars to sell!
New car sales are at an all-time high, which according to the Society of Motor Manufacturers and Traders (SMMT) is helped by a sales boost in the luxury car market. For one luxury car maker, Jaguar Land Rover, sales rose by a fifth!
According to the Society of Motor Manufacturers and Traders (SMMT), more than 2 million new cars were sold in the UK during 2012. The latest figures show a 5.3% increase compared to 2011’s new car sales, which is the highest increase since the recession hit in 2008.
New car registrations in the UK have risen by 11.3%, putting them on track to be the highest since 2008. This new stat makes the UK the second-biggest car market in the whole of Europe!
The UK car industry is officially bucking the international trend as car sales rise by 12%. The news comes as EU new car sales take a tumble by up to 37%.