October 2009 new car sales figures

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The official figures are in for October 2009 and are they’re up 31.6% with 168,942 units being registered. Obviously the scrappage scheme is still having a massive impact, but with the market in October last year already depressed and down 23% on the year before is it really having the impact that people were hoping for?

· New car registrations were up 31.6% in October to 168,942 units
· Year-to-date registrations at 1,685,981, down 12.3%
· Fourth month of growth sustained by the Scrappage Incentive Scheme (SIS)
· Private demand up 86% in the month, further supporting positive impact of SIS

From SMMT:

“October has seen this year’s biggest monthly increase in registrations with the successful scrappage scheme accounting for over 20% of them,” said Paul Everitt, SMMT chief executive. “We have seen additional demand created by the extension of the scheme and customers wanting to avoid the VAT increase planned for January. Encouragingly, there has also been an increase in demand in the fleet and business sectors, which will be critical in sustaining recovery next year.”

Download report here…