New car sales up in October
The rise is the second increase in three months, prompting hopes that the car sales market has stabilised after 12 months of consecutive falls.
However, austerity measures and fuel prices seem to be driving the market, with a 17% increase in sales of small cars recorded.
The Ford Fiesta was the best-selling car in October – with sales of 7308 – followed by the Vauxhall Corsa at 6300.
Despite the increase in sales, Paul Everitt, chief executive of the Society of Motor Manufacturers and Traders, said that end-of-year sales are expected be down on 2010's figures. Year-to-date figures are currently 4.5% down on the same period last year.
Mr Everitt said: 'Vehicle manufacturers are working hard to offer value for money through improved fuel efficiency, low running costs and innovative finance.
'We expect market conditions to remain challenging and hope the Chancellor’s autumn statement later this month will help to boost economic growth and consumer confidence.'
Best-selling cars October, 2011
1 Ford Fiesta 7308
2 Vauxhall Corsa 6300
3 Ford Focus 5203
4 VW Golf 4400
5 Vauxhall Astra 4159
6 BMW 3 Series 3664
7 VW Polo 3289
8 Vauxhall Insignia 2923
9 Nissan Qashqai 2789
10 Honda Jazz 2472
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