Unicom Insurance

June 07, 2013 01:00 ET

Revised Car Sales Forecast Fuels Optimism Amongst UK Dealers

LONDON, UNITED KINGDOM--(Marketwired - June 7, 2013) - The Society of Motor Traders and Manufacturers (SMMT) has re-forecasted its new car sales estimate for 2013 - the new figure has been described by Unicom Insurance as a 'tonic' for dealerships nationwide.

Surpassing 2012's total by 3%, the SMMT new car sales forecast now sits at 2.106million1. It is also projected that diesel-powered vehicles will take up nearly 50% of the total sales in 2013. Unicom affirms the reforecast is good news for dealers and should pave the way into an even brighter 2014.

The forecast for 2014 currently sits at 2.123million and diesel vehicles are, again, predicted to dominate close to 50% of the market. The revision came after April saw the 14th consecutive monthly increase for new car registrations in Great Britain.

The next revision will surface in late July/early August and if the increasing sales trend continues, the forecast could expand even further. On the continent, new registrations have bumped up for the first time in a year and a half2 - though the 1.08m was still the lowest ever recorded total for sales in April.

A spokesperson for Unicom commented:

"The market for new car sales in Britain has been healthy and consistent for the last year or so. It's been a bit of a 'roll' to say the least and it's great to see the SMMT forecast an even more impressive total for 2013. Statistics like this can be such a tonic for dealers all over the country.

"At Unicom, we get to enjoy this momentum through the success of our clients. Our role is to make sure every one of them is legally authorised and protected to take full advantage of this seemingly growing marketplace.

"We do the same for our second-hand vehicle dealers - who arguably have a greater need for enhanced cover, as used car sales move in the opposite direction and budgets start tightening up."

Unicom has been established since 1992 and provides motor trade road risk insurance for a variety of UK dealerships. Its position within the auto sector is one of high regard and so Unicom's apparent optimism about new car sales will likely filter through to the very frontline of motor trade.

The brokers at the company can tailor insurance bundles to match individual protection needs - meaning their clients also benefit from a tailored quote.

  1. http://www.am-online.com/news/2013/4/29/smmt-revises-forecast-for-new-car-registration-growth-this-year/32869/
  2. http://www.bbc.co.uk/news/business-22566394

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