New car sales rise by more than 12%

PrimarkNew car sales accelerated ahead last month, figures from the Society of Motor Manufacturers and Traders (SMMT) have shown.

A total of 151,252 cars were registered in October 2012 - a 12.1% rise on the October 2011 figure.
%VIRTUAL-SkimlinksPromo%
Private sales last month rose almost 24%, while sales of alternatively-fuelled vehicles soared almost 39%.

The private-sale boom took the year-to-date total sales figure to 1,771,861 - a 5% rise on the January-October 2011 total.

The SMMT has revised upwards its forecast for full-year sales to more than two million units, compared with 1.94 million in 2011.

However, the year-to-date figure for 2012 is still some 16%, or 335,000 units, below the 2007, pre-recession volume.

SMMT chief executive Paul Everitt said: "Despite uncertainty in the European economy, the UK new car market continues to grow.

"It is encouraging to see the alternatively-fuelled vehicle market performing strongly. Although this sector represents only a small share of the overall market, it is vital that the Government sustains its consumer incentive programme and maximises the benefits available through the vehicle taxation system."
Read Full Story

FROM OUR PARTNERS