Analysis
– There were 359,612 ’62’-plate cars registered in September, an 8.2% rise on a year ago. September is the second busiest month after March for new car registrations, representing around 18% of the annual market.
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– During January to September the market increased 4.3% to 1,620,609 units. Registrations in Q3 rose 7.5%, increasing the rate of
growth seen in Q1 (0.9%) and Q2 (4.8%). This represents the best, non-scrappage impacted, quarterly growth since 2001. However, the market remains well below prerecession levels – in 2007 1,940,000 cars were registered in the first nine months.
– New car registrations have grown every month in 2012 bar one, and September volumes were 26,112 units or 7.8% above SMMT’s forecast for the month.
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