The new car market continues to perform well despite wider economic uncertainty, according to the RMI National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK.

The Society of Motor Manufacturers and Traders’ new car registration figures show month on month new car sales were up 11.5% compared to January 2012. Fleet registrations increased by 6% last month while private registrations increased by 15.9%.

NFDA director Sue Robinson commented: “Although the NFDA don’t expect to see major growth in the UK new car market during 2013 we do expect it to be stable. We expect the market to be supported by strong manufacturer deals and offers that will encourage consumers to buy.

“We also anticipate some pent up demand from consumers who have put off buying a new car due to economic conditions but can no longer delay as their car ages with consequent effect on repair and maintenance costs. Many of these customers will look to buy a well-priced smaller vehicle that is cheap to maintain and run.”