Summary
SALES of new cars increased by more than 11 per cent last month, providing fresh evidence of the motor industry's recovery from recession. There were 367,929 new car registrations in September, 11.4 per cent more than the same month a year ago, as motorists continued to take advantage of the scrappage scheme, under which they receive a Pounds 2,000 discount when replacing vehicles more than 10-years old when they buy a new model.
The Society of Motor Manufacturers and Traders (SMMT) said the figures showed the third monthly increase in a row after a rise of six per cent in August and 2.4 per cent in July.See the full content of this document
Extract
New Car Sales Soar Thanks to Scrappage
SMMT chief executive Paul Everitt said: "Market conditions remain challenging with demand being underpinned by the extremely successful scrappa...
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