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(From M2 Equity Bites)
M2 EQUITYBITES-July 6, 2012-New car sales in UK market up 3.5% in June (C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
New car sales in the UK continued to rise last month, the Society of Motor Manufacturers and Traders (SMMT) has reported.
The organisation announced on Thursday that new car registrations rose for a fourth successive month, with a 3.5% year-on-year increase in June to 189,514 units.
This followed a 7.9% rise in sales in May, which was the biggest increase since the end of the scrappage incentive scheme in June 2010.
The growth in June was driven by a recovery in demand from private buyers, who …