New Car Sales Accelerate In September

More cars were sold in Britain during September than any month in the last five years, new statistics have revealed.

More than 400,000 new cars were registered, an increase of 12.1% on the same period last year.

The September 63 plate boosted sales and reached a total of 403,136 registrations, the Society of Motor Manufacturers and Traders (SMMT) said.

It was the most prosperous month since March 2008.

Private sales have increased by 16.7% over the year to date.

More than one in seven new cars registered in September was built in the UK.

SMMT chief executive Mike Hawes said: "With over 400,000 new cars registered for the first time in more than five years, the UK market is reflecting growing economic confidence.

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"Robust private demand has played a major role in this growth with customers attracted by exciting increasingly fuel-efficient new models that offer savings in the cost of ownership.

"This is the 19th consecutive month of steady growth and, with fleet and business demand still to reach pre-recession levels, we believe the performance to be sustainable."

He added:"The latest 63-plate should deliver positive results into next year."

The Ford Fiesta was the best-selling model last month.

Britain's road to recovery is expected to outpace the market in Europe, which remains frail.

Barclays' head of retail and wholesale, Richard Lowe, said: "The popularity of the 63-plate helped new car sales soar.

"Attractive finance packages are offering consumers more clarity on running costs, which even with a more promising economic outlook is an important factor for those on a budget.

"As we head into the quieter months, I suspect we'll see sales hold firm, keeping the UK market zooming ahead of our European counterparts."

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