By Max Clarke
Registrations for new cars made in the UK are up 7.3% month-on-month, despite august being a traditionally slow month for the industry.
Much of this rise reflects a recovery in private sector vehicle sales which are up 10.7% despite the widely-reported drop in consumer confidence, UK motor industry trade association, the Society of Motor Manufacturers and Traders (SMMT)
The Ford Fiesta sold the most units in August and in 2011 to date, followed by the Vauxhall Corsa and Ford Focus; a total of 59,346 vehicles were registered, bucking a 13-month trend of declining sales. September traditionally sees higher production volumes which globally stand as a benchmark for economic health.
“August represents a relatively small share of the new car market and the September new 61-plate registrations will be far more important for vehicle manufacturers and franchised dealers,” said Paul Everitt, SMMT Chief Executive.
“The September new car market is always important for the UK motor industry, accounting for around 17% of the full year’s registrations. Consumers are nervous about the future, but with industry offering unprecedented improvements in fuel economy, competitive finance offers and a wide variety of new models, buyers will find there is something to suit every taste and pocket.”
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