Convertibles Reach Record Market Share In May

• New car market dips 3.4 per cent to 187,900 units, compared to May 2004
• Diesel market takes 36.8 per cent market share, the highest so far in 2005
• Convertible cars increase in popularity, with the sector now accounting for a record six per cent of May registrations

Commenting on the new car registration data, SMMT chief executive, Christopher Macgowan said, 'In a competitive market, this month's figures remain stable, despite a slight dip compared to last year's near record levels. The industry is proving resilient as it rides out weakening consumer confidence and the short-term problems associated with MG Rover.

'The new road pricing proposals could also have an effect on car buyers. Charging may well have a role in managing demand on our congested road network but it must not lead to an increase in tax take from the motorist. Any plans to change driving habits will only succeed if government delivers an improved infrastructure and a credible, cost efficient public transport network.'