New number plates cause a bump in car sales

Fri, 09 Oct 2009



According to car finance news reports, sales of new vehicles soared during September, a report that confirms the success of the car scrappage scheme . According to September figures from the Society of Motor Manufacturers and Traders (SMMT) sales shot up by 11.4% compared with figures from the year before. September is always a strong month, usually accounting for a fifth of car sales .

September saw 367,929 new car registrations, with the scrapping scheme thought to have boosted sales. Of these sales, the Ford Fiesta was reportedly the best-selling car during the month of September.

The chief executive of the SMMT, Paul Everitt, reportedly commented: "Market conditions remain challenging with demand being underpinned by the extremely successful scrappage incentive scheme . The extension of the scheme will help to sustain demand through the latter part of this year and into 2010. This will allow economic recovery to strengthen and safeguard valuable industrial capability.'
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