Day: January 6, 2021

UK car sales fall to lowest level since 1992

<p>The industry suffered a total turnover loss of more than £20bn last year, a trade body has said</p>

The industry suffered a total turnover loss of more than £20bn last year, a trade body has said

The number of new cars sold in the UK last year fell by almost a third amid the coronavirus crisis and uncertainty over Brexit, figures show.

New car registrations dropped to just over 1.6 million, according to the Society of Motor Manufacturers and Traders (SMMT), which warned of a “rocky” few months ahead.

The trade organisation said a 10.9 per cent decline in December wrapped up a “turbulent” 12 months, which saw demand fall by 680,076 units to the lowest level of registrations since 1992.

New car sales fell by around 29 per cent on 2019, the biggest year-on-year decline since 1943.

The SMMT said that against a backdrop of Covid restrictions, an acceleration of the end of sale date for petrol and diesel cars to 2030, and Brexit

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