New car demand surges as September plate change approaches, Auto Trader reports

Demand for new cars is on the rise, with Auto Trader reporting a nearly 7% month-on-month (MoM) increase in platform visits for August ahead of the critical September plate change approaches.  

This marks a significant jump compared to the 2.7% MoM increase seen in August last year and a major rebound from July’s 0.2% decline.

Commenting on the data, Auto Trader’s new car performance director Bex Kennett, said, “September remains a vital selling month for the new car market, so despite the broader challenges, the robust performance we’re seeing on our platform should be a cause for optimism.”