'Cash for bangers' boosts car sales
Updated on 05 November 2009
New car sales soared last month as buyers continued to take advantage of the Government's "cash for bangers" car scrappage scheme.
New registrations in October rose 31.6% compared with October 2008, with a total of 168,942 new cars being sold last month, said the Society of Motor Manufacturers and Traders (SMMT).
SMMT chief executive Paul Everitt said: "October has seen this year's biggest monthly increase in registrations, with the successful scrappage scheme accounting for over 20% of them."
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