British car sales surge back up to pre-recession levels: trade group
ReutersLONDON--New car sales in Britain soared to their highest level in more than five years last month, lifted by a brighter outlook for the economy, attractive financing deals and demand for new fuel-efficient models.
October 5, 2013, 12:01 am TWN
New car registrations surged 12.1 percent compared with a year ago to 403,136 units, the Society of Motor Manufacturers and Traders said on Friday.
That is the highest monthly level since March 2008, just before Britain plunged into its deepest recession in generations.
September is a key month for Britain's auto industry as it marks a twice-yearly change in registration plates. Nonetheless, the trade body and analysts think the improvement is unlikely to tail off.