07-01-2015 01:49 via news.yahoo.com

UK new car sales highest in 10 years in 2014

LONDON (Reuters) - British new car registrations last year reached their highest point since 2004 and the outlook for 2015 is for a similar level of sales, the head of an industry body said on Tuesday. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), told reporters that sales in 2014 had been "incredibly strong, stronger than expected" as Britain's economic recovery boosted confidence among consumers. Low interest rates, which facilitated attractive financing
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