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The boss of Vauxhall has welcomed a boom in new car sales in the UK and has said it showed "the good times are back".
With figures for March at their highest for 10 years, Vauxhall's Tim Tozer said it shows greater confidence in the economy.
But he insisted that there will not be be a return to boom and bust.
ITV Business Editor Joel Hills looks at the reasons behind the sales surge:
New data from the Society of Motor Manufacturers show new car sales in March were at their highest level since 2004.
- 464,824 cars were registered in March, a 17.7% year-on-year rise
- Sales in the first three months of the year up 13.7% compared to 2013
- Second-highest monthly figure since the introduction of twice-yearly registrations in 1999
In his first interview, the new head of Vauxhall UK has told ITV News that rising house prices are helping car sales because of increased consumer confidence.
But Tim Tozer insisted to Business Editor Joel Hills that a rise in car sales did not herald a return to "boom and bust territory".
The new head of car company Vauxhall has told ITV News Business Editor Joel Hills that "the good times are back" following an upturn in car sales.
"This is not a return to boom and bust". The new Chairman and MD of Vauxhall UK in his first interview. Watch @itvnews at 18:30.
New boss of Vauxhall UK tells @itvnews that surge in car sales due, in part, to surge in house prices but everything "under control".
Tim Tozer tells me "the good times are back". Car sales are "sustainable" and Vauxhall set to increase production at Luton and Ellesmere.