New car market remains stable during August
The latest figures from the Society of motor Manufacturers and Traders (SMTT) show that the new car market has remained stable during August despite the incoming 62 plate change.
The organisation found that monthly figures grew by one percent to 59,433 vehicles, with the market increasing by 3.3 percent to 1,260,997 since January, a sure sign that competitive pricing and a larger range of models than ever before has been tempting car buyers to part with their money.
August is normally a small volume month compared to September, which normally accounts for 17% of the year's sales.
The chief executive of the SMMT, Paul Everitt, commented upon the figures saying that whilst the economic outlook remains challenging, dealers and manufacturers are working together to deliver great value services and products to its customers.