NEW car sales figures for February show that new cars sold last month were 26.4 per cent up on February 2009 - the eighth consecutive monthly increase.
Latest Government figures show that some 367,506 new vehicles have been ordered through the scrappage scheme since it went live, and that 19.6 per cent of February sales were part of the initiative.
Retail Motor Industry Federation director Sue Robinson said: “Scrappage continues to give a boost to the market with private buyers in particular returning to the showrooms.
“The decision to let the scheme continue until the end of March will continue to provide relief for sales in the first quarter of 2010.
And she continued: “However, the business market is still fragile with many fleet and business operators delaying the replacement of vehicles, though the beginning of 2010 has seen some positive signs in this sector with the fleet market up 17 per cent.
“The small car sector has done particularly well under the scrappage scheme and from customers looking for value for money vehicles; this can be seen with marks such as Kia and Hyundai doing particularly well.”
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