November car sales up 57%
December 4th, 2009 by Richard Aucock
SMMT figures show November car registrations were up 57.6 percent on 2008 levels – in line with 2007 sales.
This has led SMMT chief Paul Everitt to predict the market will exceed 1.975 million units.
Could the 2009 UK new car market thus defy all odds and hit the magic 2 million mark?
So far, the 2009 new car market is down 8.8 percent on 2008 levels, standing at 1,844,063 new car sales for the year to date. This shortfall has been gradually improving throughout the year.
Scrappage once again accounted for more than a fifth of new car registrations. Everitt admits ‘the increase in new car registrations in November reflects the positive impact of the Scrappage Incentive Scheme, customers avoiding the VAT increase in January and the very difficult conditions we experienced a year ago.
But more needs to be done to ensure momentum is continued into 2010, he added.
‘SMMT is urging government to use its Pre-Budget Report to sustain the recovery and generate business confidence by stimulating demand in key parts of the new vehicle market.’
Come back to Car Dealer Magazine soon for full analysis of the latest new car sales data.
Tags: new car, new car scrap, s crappage, sales, SMMT