Sales figures for new cars down

Sales of new cars declined again during August and are predicted to fall for the rest of 2010.

Last month a total of 55,305 new cars were registered - 17.5% fewer than in the car scrappage-fuelled month of August 2009, according to the Society of Motor Manufacturers and Traders (SMMT).

The drop last month followed a decline in July this year - the first for 12 months, whilecar insurance providers may also notice a lack of interest in covering new models.

Registrations for the second half of 2009 soared when the car scrappage scheme was introduced in the wake of a dramatic fall in sales during the first half of the year.

With the scheme now over, it has been predicted that sales for the second half of 2010 will experience a downturn.

Despite falls over the last two months, new car sales for the year so far (January to August) are up 13.2% compared with the first eight months of last year.

Diesel-fuelled cars took a record 52.6% share of the market last month. While sales of mini, supermini and lower-medium sector cars fell last month, registrations of multi-purpose and sports vehicles rose, as did sales of executive and luxury saloons.

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