First Growth For Autos In 15 Months

New car sales in the UK rose 2.4% year-on-year (y-o-y), to 157,149 units in July, according to estimates from the Society of Motor Manufacturers and Traders (SMMT). The July increase marks the first y-o-y increase for the industry since April last year and is being seen as a sign of imminent recovery in the UK economy.

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