“It is encouraging to see that the new car market has continued to remain strong during October, making 20 consecutive months of growth for new car registrations”, said Sue Robinson, Director of National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers across the UK, commenting on the SMMT’s new car registration figures.
New car sales figures, released today, show month on month sales were up 10.2% compared to October last year. Private registrations have risen 15.7% over the year-to-date, helping the overall market rise 4.5%.
Robinson continued “It is positive to see that new car registrations are continuing on an upward trend as 2013 draws to a close, and it is clear to see consumer confidence is still on a high following last month’s plate change.
“Figures show month-on-month sales were 10% ahead of last year and we expect the market to remain stable for the remainder of the year. Consumers are opting for smaller, fuel efficient vehicles which are cheaper to maintain. The trend appears to be driven by consumers wanting to reduce motoring costs”.
NOTES TO EDITORS:
Rupal Rawal, Communications Assistant Tel: 020 7307 3412 Mob: 07528 977 157 Press Office direct line: 020 7307 3422 Press Office fax: 020 7307 3406 Web: www.rmif.co.uk Email: email@example.com The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.