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

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

by Uma Rajagopal
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2022 11 04T054620Z 2 LYNXMPEIA305F RTROPTP 4 BRITAIN ECONOMY AUTOS

(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)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.