Sales of new cars was 10.5% higher in October than the same month last year. This is according to lead management experts at Dealerweb.
Meanwhile, the used car market has started to plateau with a small decline of 2.1% on sales in 2019.
The news follows recent reports by industry analysts of a reduction in used vehicle values in the wholesale market, indicating a weakening in demand.
James Hill, managing director of Dealerweb, said: “The strength of the new car market continues to grow, and the sector can take some comfort that dealers are much better prepared to trade digitally than back in March. With orders for new cars up in double digits last month we hope it positions them well for the coming weeks.”
Enquiries increased by 4.7% for new cars and declined 1.3% for used cars with digital channels continuing to gain momentum. Average sale prices increased by 11.4% for new vehicles to £34,013 and 9.2% for used cars to £19,817
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