UK car sales continue downward trend in November
The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 11.5% in November compared with the same month in 2009.
It represents the fifth consecutive monthly fall and came despite the forthcoming VAT hike, which was expected to boost sales towards the end of the year.
The SMMT said the number of new cars sold in the month was 139,875.
The Society has previously warned that the latter half of the year would be challenging and sales for the full year are likely to fall as a result of the end of the ’cash for bangers’ scheme.
The £400 million initiative, which was launched in May 2009 to boost the ailing car industry, paid drivers of cars at least 10 years old £2,000 off the price of a new vehicle.
However, the scheme ended on 31 March.
Commenting on today’s figures, SMMT chief executive Paul Everitt said: “Registrations are expected to fall next month, but demand may benefit from motorists looking to avoid the January VAT rise.
“Next year will continue to be challenging as consumer spending tightens and the Government’s austerity measures take effect.”
However, sales for the first 11 months of the year now stand at 1,907,029 – a rise of 3.4% on the same period in 2009.
In other news, the SMMT recently revealed UK car production rose in October.
UK car production rose 6% in October versus the same month a year ago, the SMMT said.
For the year-to-date, car production is 31% higher than in the same period last year, the Society added.