Boom in new car sales across UK

Vehicle registrations by private buyers grew by more than a fifth last month, contributing to a significant rise in the number of new car sales as Brits splashed the cash despite the tough economic climate.

The Society of Motor Manufacturers and Traders (SMMT) revealed 149,191 new cars were sold in the UK throughout November - a rise of 11.3%.

This figure is substantially higher than the 134,027 sold in November last year and means the UK new car total for the first 11 months of this year increased by 5.4% to more than 1.92 million.

The UK is currently the second largest new car market in the EU behind Germany, demonstrating the need that British drivers have for the latest motors on offer.

With the expensive costs of purchasing a new car, getting a good deal on necessities like car insurance is more important than ever.

In terms of the best-selling models in November, the Ford Focus, Ford Fiesta and Vauxhall Corsa were the most popular.

The Volkswagen Golf, Vauxhall Astra, Nissan Qashqai, BMW 3 Series, BMW 1 Series, Mercedes-Benz C-Class and Mini made up the rest of the top 10.

As it stands, the UK is currently on course to record its best end-of-year new car sales figure since the 2008 total of 2.12 million.

However, this is still well short of volumes witnessed prior to the recession, when annual totals hit 2.4 million or higher.

Despite the recent jump in sales, SMMT chief executive Paul Everitt claimed the outlook for 2013 remains "challenging".

He said that dealers will have to work hard to attract drivers into their showrooms and maintain current sale levels.

Meanwhile, Luxury carmaker Aston Martin has announced investment to the tune of 150 million GBP from European investment group Investindustrial.

Based in Warwickshire, the group will become a major shareholder in the business - taking a stake of 37.5%.

The investment will enable Aston Martin to keep up with demand as it plans to spend an outlay of half a billion pounds in new products and technology over the next five years, receiving additional support from Kuwaiti group Investment Dar.

"I am delighted that Investindustrial has decided to become a major investor in Aston Martin," commented David Richards, chairman at the automaker.

"With the support of the Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world's leading luxury sports car manufacturers."

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