Dealers predict £5 billion September

Around 330,000 new cars will be registered during September, with motorists spending approximately £4.95 billion, according to the industry body the Society of Motor Manufacturers and Traders (SMMT).

In 1999 the registration plate changed to the twice-yearly March and September system, that uses the year as an identifier, rather than the previous alphabetical system.

As a result, September is now the second biggest month for dealers and car finance applications across the UK, and accounts for almost 20% of annual trade. Not surprisingly, the other plate-change month, March, is traditionally the busiest month.

"September is a significant month for the UK motor industry and the wider economy.

A strong month for new vehicle registrations will help put both on the right track," said Paul Everitt, SMMT chief executive when reflecting on the figures.

"Franchised dealers have a fantastic range of exciting new models on offer, each with enhanced levels of fuel efficiency, safety, comfort and affordable finance."

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