SMMT: New Car Registrations Up 12% In October

Sales of new cars have risen strongly in October compared with the same month last year despite weak European demand, industry figures have revealed.

The number of new car registrations shot up by over 12% to 151,252 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT).

Ford's Fiesta was the month's best-seller, and has been the most popular new car in the year so far.

In total, the new car market has increased by 5% over the year to date with more than 1.7m cars sold - 83,800 more than a year ago.

As a result, the SMMT revised up its forecast of full-year new car registrations to over two million units, from 1.94 million in 2011.

The organisation's chief executive said the figures show the UK continues to buck the trend of weak demand across the Europe as a whole.

"Despite uncertainty in the European economy, the UK new car market continues to grow," the SMMT's chief executive Paul Everitt said.

This slump in the region led carmakers Toyota and Nissan to revise down the total number of vehicles they expect to sell this year.

And Ford warned that its European operations would lose in excess of $1.5bn (£0.9bn) this year, after announcing almost 6,000 job losses and the closure of two factories in the UK and one in Belgium.

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