October 2011 new car registration figures: New car registrations were up 2.6% in October according to the latest figures released today by the SMMT.
134,944 cars were registered in the month, with the market 2.6% or 3,449 units up on October 2010 (which let’s not forget was down a whopping 22.2% on October 2009) and down 4.5% over the year-to-date.
“October’s new car market rose 2.6% on last year – a positive result despite the uncertain economic climate,” said Paul Everitt, SMMT Chief Executive. “Vehicle manufacturers and their dealer networks are working hard to offer consumers value for money through improved fuel efficiency, low running costs and innovative finance. We expect market conditions to remain challenging and hope the Chancellor’s Autumn Statement later this month will help to boost economic growth and consumer confidence.”
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