The registrations of new cars fell by barely a per cent last month, September generally being regarded as the busiest month of the year for the vehicle industry due to the licence plate changeover that usually accounts for as much as much as a fifth of the yearly total, but the result has still been better than many had expected, given the economic uncertainty in the United Kingdom.
On the downside however, the data also shows that private buyers have further cut back their car purchases, with the market being primarily supported by fleet buyers, who registered an increase of seven per cent more vehicles than was the case just 12 months ago.
The market remains on track to reach the expected total of around 1.92 million registrations by the end of the year, according to the SMMT, although the forecast for next year has been reduced from just over two million to 1.96 million due to the uncertainty in many European economies and weak consumer demand in the United Kingdom. "We had expected to see the economy gradually strengthening at this time, and that isn't happening," says the chief executive officer of the SMMT, Paul Everitt. "As a consequence we have downgraded our forecast for next year."
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