October’s new car market grew by 14.3% to reach 153,529 registrations, 7.2% above pre-pandemic levels and marking the best performance for the month since 2018, according to the Society of Motor Manufacturers and Traders. The 15th month of consecutive growth was driven almost entirely by large fleet registrations, which grew 28.8% to reach 87,479 units. Private demand was stable at 62,915 … [Read more...]
New car sales fall is not the full picture
The SMMT figures this morning show a 6.7% fall in new car registrations in October. They do not tell the whole story though, says an industry watcher. Seán Kemple, Director of Sales at Close Brothers Motor Finance, said, ““Disappointing sales figures this month, slightly down once again, point to a lack of confidence among consumers. Larger, more expensive car sales remain low as … [Read more...]
Car sales edge up in October
UK new cars business saw modest growth in October, said the Society of Motor Manufacturers and Traders. Some 180,168 cars were driven off the UK's forecourts last month as registrations grew 1.4%. In Wales last month, figures record 6,011 registrations, a drop of just over 7%. However, when dealer registrations to boost incentives are factored into this, the real figure is likely to be … [Read more...]