Last month’s car registrations dropped 8.9 per cent compared to September 2009 but overall the market remains up at 7.8 per cent.
The SMMT’s monthly car registrations report shows that 335,246 units were sold in September 2010 compared with 367,929 in 2009 when the scrappage scheme was credited with fuelling sales.
The market remains up 7.8 per cent over the year to date, at 1,635,659 units compared to 1,517,039 last year.
According to SMMT, the market over the past 12 months has risen 14 per cent, or more than 250,000 units, to 2.11 million new cars. However, over the past three months, demand has fallen 11 per cent, or more than 65,000 units, reflecting the end of scrappage.
The September market for the new ‘60’ plate cars was one per cent better than the SMMT had predicted in July, but still fell 8.9 per cent to 335,246 units, the second lowest volume for the month since 1999 when twice-yearly registrations were established.
SMMT says it is currently predicting a market of just above two million units in 2010, marginally up on the 2009 outturn.