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.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

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

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

Quick Summary

Frequently Asked Questions about UK new car sales up by nearly a quarter in October – SMMT