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New cars sales 'up 2.6% in October'

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New car sales were 2.6% higher in October compared to a year ago, according to the Society of Motor Manufacturers and Traders (SMMT).

The trade association revealed that 134,944 new cars were registered during the month, 7% more than it had predicted, but almost 20% fewer than pre-recession levels in October 2007.

Of course those who do purchase a new car must also take out car insurance cover before they can legally drive their vehicle.

The SMMT went on to reveal that 2011 sales so far are 4.5% lower than in the first 10 months of last year, with new car sales totalling 1,688,038 between January and October.

Sales for this year, according to the SMMT, should reach 1.92 million, compared to 2.03 million last year. The industry is expected to fare better in 2012 with sales of 1.96 million predicted.

SMMT chief executive Paul Everitt said: "The October 2011 rise was a positive result despite the uncertain economic climate."

© Press Association 2011