Record increase in car sales

November 6th, 2009

It has been nearly six months since the scrappage scheme started and it seems to have been a success so far, after it was announced that there was a record increase in car sales in October.

According to BBC Online,168,942 new cars were registered last month, this is an increase of 31.6% compared to last years sales, and it is thought that over 20% of them resulted from the scrappage scheme.

The Times Online also revealed that the Ford Fiesta was the best selling model in the month, for the eighth time this year.

When the scheme was launched it looked likely for it to run out this month, but in September the government decided that it would be extended to early next year. So you still have a few months if you are thinking of making use of the scheme, and with the VAT increase planned for January it’s probably worth making the most of it before the end of the year.

Entry Filed under: advice, cars