The SMMT figures this morning show a 6.7% fall in new car registrations in October. They do not tell the whole story though, says an industry watcher. Seán Kemple, Director of Sales at Close Brothers Motor Finance, said, ““Disappointing sales figures this month, slightly down once again, point to a lack of confidence among consumers. Larger, more expensive car sales remain low as … [Read more...]
Brakes going on Wales car sales
March car sales in Wales were 19,885, just 2.1% up on 12-months earlier and the lowest increase in Britain, said the SMMT. With a new plate being introduced, March is traditionally the highest month for registrations and across the UK and they were 8.4% up nationally to 562,337, the highest on record. The jump was largely due to the rise in VED rates from 1 April which will affect every … [Read more...]
Car sales edge up in October
UK new cars business saw modest growth in October, said the Society of Motor Manufacturers and Traders. Some 180,168 cars were driven off the UK's forecourts last month as registrations grew 1.4%. In Wales last month, figures record 6,011 registrations, a drop of just over 7%. However, when dealer registrations to boost incentives are factored into this, the real figure is likely to be … [Read more...]