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11 September 2012

News - New Car Sales Increase

By Ben Turner @ 09:45 :: 1149 Views :: 2 Comments :: Article Rating
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New car sales inched ahead last month, official figures show. There were a total of 59,433 new registrations in August 2012 - a 0.1% increase on the August 2011 figure, the Society of Motor Manufacturers and Traders (SMMT) said, according to MSN Money.

The total in August, a traditionally quiet month for sales ahead of the September number plate change, took the number of new cars bought in the year so far to 1,260,997 - a 3.3% rise on the January-August 2011 figure.

SMMT chief executive Paul Everitt said: "New car registrations remained broadly stable in August - a month which traditionally represents a small share of the new car market as motorists anticipate the arrival of the new 62-plate in September.

"The economic outlook remains challenging, but vehicle manufacturers and dealers are working hard to sustain demand and deliver great value products and services to customers."

Although small, the August rise was the sixth monthly increase in a row.

The SMMT expects new registrations in September to reach 330,000, which would be in line with the September 2011 figure
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comment By furtod @ 19 October 2012 07:14
Auto sales, which offer an early snapshot of consumer demand, have been one of the bright spots in the U.S. economy, and car companies expect a second-half sales increase spurred partly by the introduction of a slate of new models.
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comment By kellybkok @ 14 January 2013 10:18
That is a good news for all the cars manufacturers. The demand is continuously increasing as the standard of living of people is increasing day by day and it does influence the demand of new items.
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