Financial News

  • 6 December 2013, 8:09

Sales Of New Cars Show No Signs Of Tiring

New car sales for this year are on course to reach around 2.25 million - the highest total since the pre-recession year of 2007.

A total of 159,581 new cars were registered last month - a 7% rise on November 2012, the Society of Motor Manufacturers and Traders (SMMT) said.

The figures took the total for the year so far to 2,111,819 - a 9.9% rise on January-November 2012 and higher than the 2012 year-end figure of 2.04 million.

New car sales in 2007, the year before the global financial crisis, were 2.4 million.

SMMT chief executive Mike Hawes said: "Motorists have bought more than two million cars so far in 2013 - a tremendous success for the industry on the back of buoyant consumer confidence and innovative new products.

"With the UK economy looking increasingly positive, we can expect strong underlying demand for new cars to continue into 2014, with volumes set to match or surpass those seen this year."

Alternatively-fuelled vehicle sales have risen 16.4% so far this year, but account for just 1.4% of the new car market.