The UK new car market showed robust growth in September, with registrations climbing 13.7% year-on-year to reach 312,891 units, according to data released by the Society of Motor Manufacturers and Traders (SMMT). This uptick signals renewed consumer confidence and improving market conditions after a challenging period for the automotive sector.
Key Figures To Watch
New car registrations surged by 13.7% compared to September last year, marking a significant rebound.
Total units registered hit 312,891, reflecting heightened buyer interest across various vehicle segments.
The increase points to a recovering economy and greater availability of popular models post supply chain disruptions.
Market Outlook
Industry experts view these numbers as an encouraging sign for the UK automotive market, emphasizing the importance of innovation and electrification as key drivers for sustained growth going forward.
Source: Society of Motor Manufacturers and Traders (SMMT), automotive industry reports