Car sales increase by 4% over year

Car sales increase by 4% over year

October saw another significant rise in new car sales - 4% up on the previous year with 157,314 registered.

The figures come from the Society of Motor Manufacturers and Traders which revealed that this October's increase - the 20th in succession - brought this year's total to more than 1.95 million cars.

This is a rise of 10.2% on January to October in 2012.

The society now anticipates that the year-end figure will hit 2.25 million, compared with last year's 2.07m, which would make this year the best since 2007.

October also saw a 4.5% growth in private sales which were 15.7% higher for the year so far.

The increase in sales will see a matching rise in the number of drivers seeking the best possible deals on car insurance and other motoring essentials.

RAC spokesman Simon Williams said: "The new car market is very much an indicator for how well the economy is performing so it is encouraging to see that sales figures are heading for a six-year high and that the number of cars registered in October is up on last year."

The month's 10 best-sellers were the Ford Fiesta in first place, followed by the Vauxhall Corsa, Ford Focus, VW Gold, Vauxhall Astra, Nissan Qashqai, Nissan Juke, Vauxhall Insignia, Fiat 500, and BMW 3 Series.

SMMT chief executive Mike Hawes added: "We anticipate more moderate growth as the market stabilises."

Copyright Press Association 2013

UKBC: Main (4.50)

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