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Car sales surge above 2m

More than two million new cars were sold in the UK last year, an increase of 5.3% on 2011 and the highest since 2008, new figures have showed.

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Doubt over car sales holding through 2013

Richard Lowe, head of retail and wholesale at Barclays commented on the positive car sales figures, saying;

As we look to the year ahead the real question is whether this demand will hold.

Consumer pockets will continue to be squeezed, and with pre-registration figures increasingly accounting for a larger percentage of the market, both manufacturers and dealers will have to be careful that supply does not outstrip demand.

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