Dealers struggle in weak October new car market

Registrations fell 10.8 per cent in October to 152,497 units Year-to-October figures were down 5.6 per cent at 2,124,377 units on the back of a strong September Diesel penetration at record 39.9 per cent, but first fall in volumes in 61 months ‘2005 has been a tough year for the new car market,’ commented SMMT chief executive Christopher Macgowan. ‘The downturn in consumer spending has hit dealerships across the country. The good news for buyers is that a weak market means strong deals. The next few months will also see a range of new models, especially in the popular supermini segment. Manufacturers and dealers will continue to fight hard for every sale.’ Note: The attached tables show the registration figures for Great Britain, Northern Ireland, The Isle of Man and the Channel Islands in detail. Top performers by range and UK penetration figures are also listed. Providing SMMT is acknowledged as the source of this information, the figures may be quoted. Substantial reproduction needs specific approval by SMMT. Consumer spending growth (Source: ONS)DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more