Latest SMMT data shows that total new registrations rose 8.0% last month to 172,327units.

Fleet registrations continued to rise, up 7.7% in November to 86,090 units from 79,968 in November last year. Meanwhile the sub-25 business sector was up an impressive 30.4% to 8,777 units from 6,733. Both sectors outperformed private registrations, which rose 6.3%.

For the year to date, a total of 2,310,237 cars have been registered, marking a rise of 9.4% and ahead of the 2013 full-year total. Fleet registrations are up 8.1% for the first 11 months of the year to 1,080,577 units from 1,000,066 whilst business registrations are up 17.0% to 114,876 units from 98,205. Meanwhile private registrations rose 10.0%.

Mike Hawes, SMMT chief executive, said: ‘Six months after the record was broken for consecutive monthly growth in new car registrations, the market continues to march on. Today’s figures are an indication of the continuing economic confidence that is driving the new car market, with business, fleet and private registrations all showing strong rises in the month. We expect a more stable market in 2015.’

He added: ‘Demand for ultra-low emission vehicles is growing strongly, and we welcome the Chancellor’s commitment to support the chargepoint network for electric vehicles, as well as ULEV R&D in the UK.’

John Leech, head of automotive at KPMG UK, added his comments: 'Although the new car market is up in November there are increasing signs that the underlying demand is softening in the non-premium segments and the level of pre-registrations are starting to rise again.

'The premium segment remains strong. We remain confident that the new car market will achieve over 2.45 million in 2014 and top 2.5 million in 2015 as strengthening consumer sentiment should bolster demand.'