1 Updates
New car sales in Britain hit five-year high
Photo Credit: MANJUNATH KIRAN, Getty Images

New car sales in Britain hit five-year high

Oct 4 2013, 7:36am CDT | by IANS

London, Oct 4 (IANS) New car sales in Britain continued to rise in September, hitting a record high in five years, according to figures released Friday by the car traders organisation.

London, Oct 4 — New car sales in Britain continued to rise in September, hitting a record high in five years, according to figures released Friday by the car traders organisation. The Society of...

Filed under: news

Full Story below YouTube Videos

 
 

 

27 weeks ago

New car sales in Britain hit five-year high

Oct 4 2013, 7:36am CDT | by IANS

London, Oct 4 (IANS) New car sales in Britain continued to rise in September, hitting a record high in five years, according to figures released Friday by the car traders organisation.

London, Oct 4 — New car sales in Britain continued to rise in September, hitting a record high in five years, according to figures released Friday by the car traders organisation.

The Society of Motor Manufacturers and Traders (SMMT) said, the new car registrations in September surged 12.1 percent to reach 403,136 units, boosted by strong private demand which rose to 16.7 percent year-on-year in the month. This helped overall market to rise by 10.8 percent, reports Xinhua.

"New car registrations in September were the highest monthly total since March 2008. With over 400,000 new cars registered for the first time in over five years, the British market is reflecting growth in economic confidence," said SMMT chief executive Mike Hawes.

Private demand accounted for 51.8 percent of the total sales in September to reach 208,844 units.

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

"This is the 19th consecutive month of steady growth, with fleet and business demand still to reach pre-recession levels. We believe the performance to remain sustainable. The latest 63-plate should deliver success next year," said Hawes.

According to the SMMT, total sales of new cars in Britain were 1.79 million units in January-September 2013, rising 10.8 percent over the same period last year. Of these, 869,421 units were sold to private buyers.

The best sellers in September were Fiesta, Corsa, Focus, Golf and Astra.

IANS

Source: IANS

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Wireless industry makes anti-theft commitment
SAN FRANCISCO (AP) — A trade group for wireless providers said Tuesday that that nation's biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone...
 
 
EMCVoice: Climbing Mount Everest With Big Data
EMCVoice: Climbing Mount Everest With Big Data
By Gail Dutton It was the fourth day of the final, five-day push to summit Mount Everest, two seasons ago. Conditions were perfect. “We were above 24,000 feet. It was a blue-sky day with only light winds. As a mountain...
 
 
Why It's Time For The Auto Industry To Create A New Model T
Why It's Time For The Auto Industry To Create A New Model T
EDITOR’S NOTE: Forbes has just published Curbing Cars: America’s Independence From The Auto Industry, an eBook investigating why a growing number of Americans are giving up their cars. Written by former New York Times...
 
 
Greatest Failures Of The Modern Age And Their Lessons
Some of the greatest names of the twentieth and twenty-first centuries didn’t find overnight success. Failure has played an integral role in their journeys, and all of these famous names credit their initial failures...
 
 
 

Latest from the Network

The 9 Best Jobs In Africa Don't Exist Yet
Sixty percent of the best jobs in the next 10 years haven’t been invented yet. At least that’s what futurologist Thomas Frey is fond of saying. This is great news because lots of good, new jobs will be needed in order...
Read more on Business Balla
 
The College Degrees And Skills Employers Most Want
The hiring picture is improving for the college class of 2014. According to a new survey by the National Association of Colleges and Employers (NACE), employers are planning to hire 8.6% more graduates for their U.S....
Read more on Business Balla
 
Do You Have The 'Stickability' To Be A Successful Entrepreneur?
It’s no secret that successful entrepreneurs have something special that sets them apart from just the dabblers and hobbyists, but exactly what is it that’s different? Every business venture runs into obstacles,...
Read more on Business Balla
 
The Masters Post Mortem And Prognosis Without Tiger Woods
null Before the Masters, I suggested the leaders of golf carefully examine this 2014 event without Tiger Woods. It would be a forecast of the future of golf without him, which is, of course, inevitable. The examination...
Read more on Business Balla
 
'X-Men: Days Of Future Past' Gets One Last Trailer
I suppose I should have seen this coming. I spent the last three months praising the relative restraint of the X-Men: Days of Future Past marketing campaign. Up until three weeks ago, we had only seen a single trailer,...
Read more on Business Balla
 
Bruins Tickets Have Biggest Face Price Discount For 1st Round Of NHL Playoffs
In three out of the last four season, the Bruins have faced an original six team in the first round of the playoffs. This year, they’ll face off against the Detroit Red Wings,  a team they haven’t met in the playoffs in...
Read more on Business Balla
 
Don't Underestimate Big Data
The techniques of big data have been criticized recently in a post by Tim Harford among others. It’s quite easy to imagine the potential here has been exaggerated, and a core point about the importance of theory in a...
Read more on Business Balla
 
Even Recreational Marijuana May Be Linked To Brain Changes
Adding to earlier evidence that marijuana may be linked to lasting neurological changes, a new study in the Journal of Neuroscience today finds that even casual pot smoking may have an effect on the size and structure...
Read more on Business Balla
 
Man Pulls Submachine Gun Over 22¢ Tax: 'I'm Tax Exempt'
A Chicago man allegedly brandished a submachine gun in a store. No, he wasn’t robbing it. He just didn’t want to pay a 22-cent tax on a $1.79 two-liter bottle of soda. Taxes are annoying, especially this time of year....
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla