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UK new car sales up by nearly a quarter in October – SMMT

Published by Uma Rajagopal

Posted on November 4, 2022

1 min read

· Last updated: February 3, 2026

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New cars at a dealership showcasing a rise in UK car sales - Global Banking & Finance Review
The image captures a vibrant car dealership highlighting new cars, reflecting the recent surge in UK new car sales by nearly 25% in October. This increase is attributed to market recovery signals as reported by the SMMT.
UK economy Automotive industry
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(Reuters) – British new car registrations rose for the third consecutive month in October, up by around a quarter, according to preliminary industry data released on Friday. The Society of Motor Manufacturers and Traders (SMMT) said it expects a market recovery in 2023. The SMMT will provide the final figures for the month at 0900 […]

(Reuters) – British new car registrations rose for the third consecutive month in October, up by around a quarter, according to preliminary industry data released on Friday.

The Society of Motor Manufacturers and Traders (SMMT) said it expects a market recovery in 2023.

The SMMT will provide the final figures for the month at 0900 GMT.

(Reporting by Amna Karimi in Bengaluru; Editing by Maju Samuel)

Frequently Asked Questions

What is new car registration?
New car registration refers to the process of officially recording a new vehicle with the relevant authorities, allowing it to be legally driven on public roads.
What is market recovery?
Market recovery is the process through which an economy or industry rebounds from a downturn, characterized by increased sales, production, and consumer confidence.
What is the Society of Motor Manufacturers and Traders (SMMT)?
The SMMT is a trade association in the UK that represents the interests of the automotive industry, providing data, insights, and advocacy for its members.

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