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New car registration figures best in a decadeBack

FordFiestaNew car registration figures released today show car sales are up by 5.6 per cent, the highest figure since September 2004.

The new 64 plate issued on September 1st has seen a boost in volumes of new cars sold last month, making September the 31st consecutive month of growth in the new car market.

A total 425.861 new cars were registered in September, which together with the March plate change month, accounts for one third of the year’s registrations and takes the year-to-date total up to 1,958,196 new cars, representing a 9.1 per cent increase on the same period last year.

Mike Hawes, SMMT Chief Executive, 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.”

Reasons for the surge in growth have been cited to strong finance packages allowing consumers to budget for monthly payments, an increase in attractive dealership incentives, and customers continuing to opt for smaller fuel efficient models.

This month, the SMMT released average fuel economy data for September new car registrations showing that the average car produced 59mpg and emitted just over 122g/km CO2 – a figure well below the average 130g/km required by car manufacturers to achieve across their ranges.

However, the SMMT warns that growing demand for new cars is starting to tail off and in the next few months we are likely to see more moderate increases.

Mike Hawes, SMMT Chief Executive, comments: “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.”

Once again, the Ford Fiesta was Britain’s best selling new car in September, a full 10,000 units ahead of the Ford Focus. The Volkswagen Golf rose to third place ahead of key rival the Vauxhall Corsa. See below for the top ten best-selling new cars in September 2014.

Top 10 best-selling cars

  1. Ford Fiesta
  2. Ford Focus
  3. Volkswagen Golf
  4. Vauxhall Corsa
  5. Volkswagen Polo
  6. Fiat 500
  7. Vauxhall Astra
  8. Audi A3
  9. Peugeot 208
  10. Nissan Qashqai

Posted by Leana Kell on 06/10/2014