New car sales up by nearly a third

Author: By Peter Woodman, Press Association

New registrations in October rose 31.6% compared with October 2008, with a
total of 168,942 new cars being sold last month, the Society of Motor
Manufacturers and Traders (SMMT) said.

SMMT chief executive Paul Everitt said: “October has seen this year’s biggest
monthly increase in registrations, with the successful scrappage scheme
accounting for over 20% of them.

“We have seen additional demand created by the extension of the scheme and
customers wanting to avoid the VAT increase planned for January.

“Encouragingly, there has also been an increase in demand in the fleet and
business sectors, which will be critical in sustaining recovery next year.”

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