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OCTOBER MARKET CONTINUES UPWARD TRENDBack

FFiesta“It is encouraging to see that the new car market has continued to remain strong during October, making 20 consecutive months of growth for new car registrations”, said Sue Robinson commenting on the SMMT’s new car registration figures.

New car sales figures, released today, show month on month sales were up 10.2% compared to October last year. Private registrations have risen 15.7% over the year-to-date, helping the overall market rise 4.5%.

Robinson continued “It is positive to see that new car registrations are continuing on an upward trend as 2013 draws to a close, and it is clear to see consumer confidence is still on a high following last month’s plate change.

“Figures show month-on-month sales were 10% ahead of last year and we expect the market to remain stable for the remainder of the year. Consumers are opting for smaller, fuel efficient vehicles which are cheaper to maintain. The trend appears to be driven by consumers wanting to reduce motoring costs”.

Posted by Leana Kell on 10/11/2013