Registrations up

New car sales increase, but note of caution sounded

Published:  04 November, 2011

October's new car market rose 2.6% on last year. This is considered by the industry to be 'positive result', given the uncertain economic climate.

"Vehicle manufacturers and their dealer networks are working hard to offer consumers value for money through improved fuel efficiency, low running costs and innovative finance" said the SMMT's Paul Everitt.  "We expect market conditions to remain challenging and hope the Chancellor's Autumn Statement later this month will help to boost economic growth and consumer confidence."

Since the 'scrappage' scheme ended in 2010 new vehicle sales have slumped as private buyers put off committing to such a major purchase.

However, Sue Robinson of the RMI sounded a word of caution: ""While it is positive that new car sales were up in October, this was due to the strength of the fleet sector. Private registrations were in fact down 4.3% on October 2010."

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