UK Car Sales Rise in September, Consumer Confidence Returning [Video]
According to data released by the Society of Motor Manufacturers and Traders (SMMT), sales increased 8.2 percent to 359,612 vehicles in September 2012 compared to the same month last year.
Meanwhile, there’s sign of increasing pessimism in Europe, as most major automakers are seeing no return to growth within the next year. As the old continent falls to levels not seen in decades, the UK bucks the trend and looks like a beacon of hope.
"The important September plate change market outperformed expectations with new car registrations increasing more than 8% on last year to 359,612 units. Although the economic outlook remains challenging, we are starting to see a tentative return of consumer confidence as motorists explore new products and the latest fuel-efficient technologies," SMMT chief executive Paul Everitt said in a statement.