Fleet News

Registrations predicted to fall this year

THE SMMT is predicting that 1998 will see 2.1 million new car registrations - just down on 1997. Chief executing Ernie Thompson said factors such as building society windfalls, which had helped boost sales in 1997, were unlikely to be repeated in 1998.

Thompson said he doubted that the forthcoming Government transport white paper due to be published in the spring would have an impact on sales this year, but an anti-company car Budget could cause problems. He said: 'If there is a major drive against company cars it will have an impact on the market. We would argue that it would not be a good move, as company car drivers will buy older second-hand cars and still do the same mileages. The losers will be the manufacturers and the economy in general.'

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