New car market grows for second month in a row

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The UK’s new car market recorded its second successive month of growth in September. “Whilst the industry is working hard to address these issues, the long-term recovery of the market also depends on robust consumer confidence and economic stability.” Alex Buttle, co-founder of used car marketplace Motorway.co.uk, said: “Anyone who was expecting the traditional spike in new car uptake in September to coincide with new number plates will be sadly disappointed. “With widespread concern about spiralling energy costs, inflation and now mortgage increases, combined with continued supply chain issues, can we really be surprised at the marginal growth in new car sales? “As consumer credit becomes more expensive due to higher interest rates, we expect to see a fall in the average price paid for new vehicles, whilst some consumers will delay buying a new car altogether.”