Car insurance: UK car sales rose by more than 50% in November

Monday, 07 December 2009

Motor insurance customers taking advantage of the government scrappage scheme have helped realise an almost 60 per cent increase in UK car sales during November compared with a year earlier, industry figures have shown.

In addition, new car sales have increased year-on-year in each of the past five months according to the Society of Motor Manufacturers and Traders (SMMT).

There were also 158,082 cars registered last month, the SMMT said, up from a "weak" November 2008.

Paul Everitt, SMMT chief executive, said the increase in new car registrations reflected the positive impact of the scrappage incentive scheme in addition to "customers avoiding the VAT increase in January and the very difficult conditions we experienced a year ago".

However, he added that the outlook for the car industry was "uncertain" when the scrappage scheme ends, VAT returns to 17.5 per cent and new first year road tax rates come into effect in April.

The Ford Fiesta was the best selling model in November, as it has been in nine months of this year.

Posted by Rick Malone

ADNFCR-640-ID-19495300-ADNFCR© Adfero Ltd

News Home

Swiftcover and are both trading names of AXA Insurance UK plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority