Car sales increase for first time this year

Thu, 06 Aug 2009



According to reports by the Society of Motor Manufactures and Traders (SMMT), the sale of new vehicles has climbed in Britain for the first time since April last year. The industry has praised the scrappage scheme .

Paul Everitt was reported in the news as commenting: "The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had." Registrations of new vehicles climbed 2.4% last month compared to last year.

Just over a fifth of sales were down to the car scrappage scheme . Consumers using the scheme were thought to be predominately seeking Ford, Hyundai, Toyota, Vauxhall and Kia vehicles.

Everitt reportedly continued: "The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had. Industry still faces a long road to recovery and we urge government to take action to sustain economic recovery through easing access to finance and credit and delivering the loan guarantees set out by the automotive assistance programme."
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

Advice section: Pros & Cons | Finance Tips | Running Costs | Payment Options
Car finance partners

Halifax Loans