The official figures are in for August 2009 and are they’re up 6.0% with 67,006 units being registered. Obviously the scrappage scheme is still having a massive impact, but with the scheme mostly attracting buyers of smaller, low margin vehicles what will be the long term effects on profitability?
New car registrations rose 6.0% in August to 67,006 units
This was the second successive month of growth and builds on the 2.4% gain in July, as the scrappage incentive schemes continues to influence the market positively
Registrations from private buyers and of small cars were again up strongly in August
Outlook for growth in key September market and new ‘59’ plate
“New car registrations in August increased for the second successive month, providing welcome news for the UK motor industry. The scrappage incentive scheme is having a positive impact but with consumer and business confidence still fragile, there remain significant risks ahead. It is essential that these early signs of recovery are sustained into 2010,” said Paul Everitt, SMMT chief executive.