Written By Trading Forex News on Saturday, December 5, 2009 | 6:43 AM
UK car sales rose by 57.6 per cent in November compared with a year earlier.
There were 158,082 cars registered last month, according to the Society of Motor Manufacturers and Traders (SMMT). However, it added that last November's figures were particularly poor.
The SMMT also revealed that, so far this year, 1.84 million cars have been sold in the UK, 8.8 per cent lower than at the same point last year.
"The increase in new car registrations in November reflects the positive impact of the scrappage incentive scheme, customers avoiding the VAT increase in January and the very difficult conditions we experienced a year ago," said Paul Everitt, SMMT chief executive.
The scrappage scheme accounted for 21.6 per cent of all new car registrations in November, according to the SMMT.