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New car registrations continue to rise

June saw an 11% increase in new car registrations which is the 12th monthly increase in a row. This comes at a time when many were concerned about the short-term future of the UK car market after the government's highly successful scrappage scheme came to an end. So what can we expect in the short to medium term?

So far during the first six months of 2010 there has been a 20% increase in new car registrations compared to the same period last year. Despite the fact that the UK government has already confirmed there will be no "emergency funding" made available for the industry in the foreseeable future there is hope. A number of well-known electric car manufacturers have been looking towards the UK as their potential base for Europe and while the government has been playing its cards close to its chest with regards to subsidies and tax incentives, it looks as though these will come in due course.

Only two years ago there were real fears about the UK car industry which was literally on its knees and heading for oblivion. However, it has to be said that the car scrappage scheme was a master stroke by Gordon Brown and in many ways saved the car industry from further short-term pain.

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