Thursday, November 4, 2010

New car sales fell 22 percent in October

Sales of new cars fell 22 percent in October compared with a year ago when an inducement scheme for trading in older models was helping demand, the Society of Motor Manufacturers and Traders said.

The SMMT said on Thursday sales over 2010 as a whole were on course to rise by 1.5 percent on very last year. It saw improved confidence and demand during 2011 on the back of slow but steady economic enlargement.

There was a important fall in October's new car registrations, reflecting the impact of the Scrappage Incentive Scheme at this time last year and some worsening in consumer confidence, chief executive Paul Everitt said.

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