The UK’s new car market has grown again in September, as the introduction of new 64-plate cars drove sales upwards for the 31st consecutive month.
A total of 425,861 cars were registered last month, resulting in the best September performance since 2004 – with the industry also up 5.6 per cent on August's results. Total registrations between January and September have now passed 1.9 million, up by over nine per cent on 2013.
However, the Society of Motor Manufacturers and Traders (SMMT) says that last month’s more moderate growth compared to earlier in the year shows the industry is starting to level off in its recovery.
SMMT chief executive Mike Hawes said: “Demand for the new 64-plate has been boosted by intensifying confidence in the UK economy, with consumers attracted by a wide range of exciting, increasingly fuel-efficient, new cars.
“In the months since March – which saw an 18 per cent jump in registrations – the growth has shown signs of levelling off as the market starts to find its natural running rate.”