UK: New car sales up 7.3 percent in August image

New car sales in the UK rose for the first time in more than a year in August, according to the Society of Motor Manufacturers and Traders (SMMT).

There were 59, 346 new car registrations in August, 7.3% more than the same month in 2010, with increased demand from private and fleet buyers. However, according to SMMT, the outlook for the industry remained “challenging.”

Demand in the private sector climbed 10.7 percent during the month, contributing significantly to the growth in total sales. Sales of diesel-driven cars rose 4.7 percent year-on-year, while registrations of new petrol-driven cars moved up by 10.8 percent.

August represents a relatively small share of the new car market and the September new 61-plate registrations will be far more important for vehicle manufacturers and franchised dealers,” said Paul Everitt, SMMT chief executive.

“The September new car market is always important for the UK motor industry, accounting for around 17 per cent of the full year’s registrations.