New car sales in the UK hit a ten year high in September as confidence in the economic recovery seeped back into the markets and consumers were more willing to splash their cash according to the Society of Motor Manufacturers and Traders (The SMMT).
Reaching 425,861, new car sales were up considerably from the same time last year with a 5.6% rise which came off the back of the thirty first consecutive month of sales rises in the country. With almost two million cars sold already this past year, this represents a whopping 9.1% increase over the same period a year previously with September usually being a busy month because of the new registration plate.
SMMT chief executive Mike Hawes said: “September’s strong performance underlined the continuing robustness of the UK new car market, particularly in the context of last September’s bumper volumes.
“Demand for the new 64-plate has been boosted by intensifying confidence in the UK economy, with consumers attracted by a wide range of exciting, increasingly fuel-efficient, new cars. In the months since March – which saw an 18% jump in registrations – the growth has shown signs of levelling off as the market starts to find its natural running rate,”
Data from The SMMT shows that the Ford Fiesta is Britain’s top selling car which is closely followed by other mid-sized Ford ranges, like the Ford Focus, and also the Vauxhall Corsa.
David Raistrick, UK automotive expert at Deloitte had this to say of the figures:
“If the new car sales are representative of the performance of the UK economy, there are further signs that confidence within the business sector is improving. Fleet and business car sales are now seeing the sort of growth that has been provided by private sales over the past two and half years. The UK market has consolidated its position as the second largest market for new cars after Germany and is almost a third larger than France in third place.”
The automotive industry is a big sector when it comes to contributing to the UK economy and its growing strength is good news for the country as it shows signs of confidence in the country’s recovery as well as the possibility for future growth and a further influx of money.
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