New car registrations fell 8.9% in September
to 335,246 units against a scrappage-fuelled 2009, according to
figures released by the Society of Motor Manufacturers and Traders
(SMMT).
However, on excluding scrappage scheme data,
September was actually 16.3% up on 2009 and on par with 2008.
The overall market remains 7.8% up over the year-to-date at
1,635,659 units. The full year market is expected to hold at
two million, up slightly on 2009.
Go deeper with GlobalData
New fleet vehicle purchases in September
actually increased 6.7% to 146,026 units while it was private
purchases that pulled the market down 19% to 170,951 units.
Over the year-to-date, however, private sales have increased 4% to
784,033 units and fleet sales are up 12.9% to 771,463
units.
Paul Everitt, SMMT chief executive, said:
“Despite an 8.9% fall in September registrations, demand for new
cars has stabilised and will end 2010 slightly up on last
year. It is important that alongside government’s austerity
measures, the comprehensive spending review signals a strong growth
agenda to boost consumer and business confidence.”
The most popular new vehicle in September
remains the Ford Fiesta, which has held the top spot for the
year-to-date, leaving the Astra and Corsa fighting it out for
second place.
The scrappage scheme has had a positive net
contribution to the UK new car market, claim the SMMT.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
