Car Sales Uplift In September

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Car Sales Uplift In September

October 8, 2012

The number of new car sales increased in the UK last month, according to a new report by the Society of Motor Manufacturers and Trades (SMMT).

The report by the SMMT showed that almost 360,000 new car registrations took place in September - an 8.2% increase when compared with the same time last year.

Commenting on the figures, Paul Everitt - the Chief Executive of the group said:

"The important September plate change market outperformed expectations. Although the economic outlook remains challenging, we are starting to see a tentative return of consumer confidence as motorists explore new products and the latest fuel-efficient technologies."

The increase in the number of new cars registered may have had a direct impact on the car insurance industry with increasing numbers of vehicles requiring cover.

The SMMT also released figures that showed that the period between January and September saw an increase of 4.3% in new car sales compared to the same period the year before.

Source: http://www.bbc.co.uk/news/business-19825766