New car registrations fell by 22.2% in October to 131,495 units, however the market remains 4.8% up over the first ten months of the year, at 1,767,154 units. The SMMT predict that further declines are likely in remainder of year, but that the 2010 market is expected to be up 1.5% on 2009. The market was on par with last October’s volume, with scrappage volumes excluded. Good news for oil burners as diesels reached their best ever monthly market share of 54.7% and a year-to-date share of 45.3%.
“There was a significant fall in October’s new car registrations, reflecting the impact of the Scrappage Incentive Scheme (SIS) at this time last year and some deterioration in consumer confidence. Total new car registrations in 2010 are forecast to be 2.026 million units, 1.5% up on 2009,” said Paul Everitt, SMMT chief executive. “The industry expects the coming months to be challenging with slow, but steady, economic growth feeding through to improved confidence and demand during 2011.”
Top ten best sellers October
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