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Posted by Rebecca Harty
Business car leasing companies may have benefited from an increase in new car registrations in November.
The Society of Motor Manufacturers and Traders (SMMT) has indicated that business, fleet and private sales increased during the month - with the latter recording a 141.2% hike in registrations on October's figures.
Fleet vehicles made up 41.4% of the new registration market share in November, while business motors represented 3.4%. The SMMT revealed that these figures are 44.6% and 5% respectively when annual registrations in 2009 are considered.
Following the release of the data, the SMMT suggested that politicians need to maintain the car industry's recovery.
A statement from the organisation said the group "is urging government to use its pre-Budget report to sustain the recovery and generate business confidence by stimulating demand in key parts of the new vehicle market".
Chancellor of the exchequer Alistair Darling will reveal this report on Wednesday December 9th.
