Staveley Head

Staveley Head

October 08, 2009 01:00 ET

New Car Sales Rise For Third Month Running

FLINT, UNITED KINGDOM--(Marketwire - Oct. 8, 2009) - The Society of Motor Manufacturers and Traders (SMMT) has announced that new vehicle registrations were up 11.4%, to 367,929 units, in September compared to the same month last year. This is the third month in a row that new car registrations have risen.

A spokesman for Staveley Head, one of the country's leading van insurance providers, said "It's encouraging to see that 1,023 new vans were sold in September under the scrappage scheme. It's good to see the commercial sector now taking advantage of this scheme as early promotions didn't highlight the fact that vans were eligible through this initiative."

Paul Everitt, SMMT Chief Executive, stated "Market conditions remain challenging with demand being underpinned by the extremely successful scrappage incentive scheme. The extension of the scheme will help to sustain demand through the latter part of this year and into 2010."

September is traditionally a bumper month for the motor trade due to the number plate change, and it's anticipated that it will attract the highest number of new registrations in the whole of 2009 as motorist continue to take advantage of the scrappage scheme. Registrations from private motorists buying small cars rose sharply in September, helping average new car CO2 emissions to fall 4.9% over the year to date.

77,316, or one in five, new cars sold in September were registered using the scheme. However, no details have as yet been released as to how these sales will affect manufacturing output in the immediate future. For some time prior to the recession biting, manufacture of vehicles far outstripped sales causing many car-makers to stockpile huge quantities of vehicles. Obviously, this stockpile will need to be substantially reduced before manufacture can once again start in earnest.

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