lowest

New car sales sink to lowest level since 1959

UK car dealership

UK car dealership

Sales of new cars plunged to levels not seen since 1959 in February as coronavirus lockdowns continued to ravage Britain’s automotive industry.

Just 51,312 new cars were registered last month according to data from the Society of Motor Manufacturers and Traders (SMMT) – a 35.5pc decline that equated to 28,282 fewer cars than in February last year.

February is traditionally a quiet month for the car industry as it comes ahead of the new registration plate in March.

Motorists keen to have the latest car on their drives mean March is normally the busiest time for dealers, accounting for a fifth of all new vehicle sales each year.

However, with January lockdowns forcing showrooms to shut and dealers going online to make sales, demand has collapsed.

According to the SMMT, closures and weaker consumer confidence related to the pandemic have cost the industry £23bn in lost

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COVID-19: New car sales lowest for nearly three decades as lockdowns crush demand | Business News

New car sales fell to their lowest level in nearly three decades last year as coronavirus lockdowns crushed demand, according to industry figures.

Just 1.63 million vehicles were registered in 2020, the fewest since 1992, data from the Society of Motor Manufacturers and Traders (SMMT) showed.

It was a 29% fall compared to the previous year – the biggest annual slump since 1943, a time when British industry was repurposed for the war effort.

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That represented a loss of £20.4bn in turnover.

The car sector was particularly badly hit in April, the first full month of national lockdown, when sales fell by 97%.

Showrooms gradually reopened in June.

SMMT chief executive Mike Hawes said: “We lost nearly three quarters of a million units over three or four months, which we never got back.”

Dealerships

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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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