Growth in new car registrations in October has prompted a rise in the full year forecase to 2.25 million.
Fleet and business sales combined take a new 52% share of the car market for the year to date, down compared with the 54% for the same period last year.
However, in the buoyant 2013 new car market, registrations are up in both fleet and business sectors, increasing by 4.4% and 18% respectively for the year to date. Private registrations are up by 15.7% so far in 2013.
"With October new car registrations up we have now seen 20 consecutive months of growth," said Mike Hawes, SMMT chief executive. "These sustained rises have been driven by robust private demand, a trend that has given us the confidence to raise our year-end forecast to 2.25 million units – 10% ahead of last year. Looking ahead, we anticipate more moderate growth as the market stabilises."
Best sellers - Source: SMMT | |
October 2013 | Year-to-date |
1 Ford Fiesta 8,574 | 1 Ford Fiesta 104,621 |
2 Vauxhall Corsa 5,155 | 2 Ford Focus 76,493 |
3 Ford Focus 5,069 | 3 Vauxhall Corsa 72,903 |
4 Volkswagen Golf 4,562 | 4 Vauxhall Astra 57,758 |
5 Vauxhall Astra 4,420 | 5 Volkswagen Golf 56,357 |
6 Nissan Qashqai 3,579 | 6 Nissan Qashqai 44,649 |
7 Nissan Juke 2,997 | 7 BMW 3 Series 37,066 |
8 Vauxhall Insignia 2,719 | 8 BMW 1 Series 36,529 |
9 Fiat 500 2,672 | 9 Volkswagen Polo 36,362 |
10 BMW 3 Series 2,582 | 10 Peugeot 208 34,253 |
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