September Sees UK Car Sales Fall For Third Consecutive Month

According to the Society of Motor Manufacturers and Traders (SMMT), UK car sales plummeted for the third consecutive month during September 2010.

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September’s vehicle sales declined by 8.9% while August’s drop was significantly higher at 17.5%

(PRWeb UK) October 21, 2010

September’s vehicle sales declined by 8.9% while August’s drop was significantly higher at 17.5%. Despite this slump, the SMMT has stated that “sales for 2010 as a whole should still be higher than 2009.” The impending VAT hike scheduled for January could also result in higher sales numbers in November and December of this year. It may also benefit motorists to get new motor car insurance quotes before the tax hike is implemented to see if they could save some money on their insurance premiums.

According to the SMMT, UK car sales should top the 2 million mark by the end of 2010, a fraction above the amount of cars sold in 2009. It also added that the government’s car scrappage scheme would have assisted the sales figures of September last year, making the 16.9% increase in sales of September 2010 even more impressive.

SMMT chief executive Paul Everitt revealed to the BBC that the UK motor industry was seeing “slow but steady improvement.” He also said, “Clearly it is a tough operating environment. There is concern about public expenditure, and inevitably business and consumer confidence is not as high as we would like it to be.”

Furthermore he added that the first half of 2011 is expected to be “quite challenging,” but that the last six months of next year should be “reasonably good.” These sales figures only emphasise that the UK is steadily recovering from the recession and motorists should still take care when spending their motoring budgets. Shopping around for the most affordable fuel and motor car insurance policies are two easy ways to achieve this.

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