New Car Registrations Up By 38.9% In December
07/01/2010
New car registrations rose by 38.9% in December to 150,936 units and full year registrations were 6.4% down giving a total market size of 1,994,999 units as predicted.
The full year sales are at their lowest level since 1995 but did met the revised prediction by the Society of Motor Manufacturers and Traders.
Paul Daly, Audit Director at ASE said: "The December new car market was clearly increased by the scrappage scheme still running and consumers looking to avoid 2.5% VAT increase in January. This is good news for dealers who will have hopefully finished the year with a strong month, rather than the typical tough December results experienced previously."
Since its introduction, the scrappage scheme has accounted for over a fifth of all new car registrations and is estimated to represent 20.8% of the December market.