UK new car sales see second weakest May in 30 years

Imported autos are parked in a storage place at Sheerness port, Sheerness, Britain, Oct 24, 2017. REUTERS/Peter Nicholls

June 6 (Reuters) – New car registrations in Britain tumbled approximately 21% final thirty day period, the next weakest May perhaps in a few many years after lockdown-strike 2020, as persisting source issues hampered profits and deliveries even with sturdy need, field info confirmed on Monday.

The Society of Motor Manufacturers and Traders (SMMT) said new vehicle product sales in the Uk fell to 124,394 models past thirty day period, although battery electric powered cars uptake jumped approximately 18% and produced up one particular in 8 new vehicles signing up for the road.

“In but a different demanding thirty day period for the new vehicle marketplace, the industry continues to fight ongoing international parts shortages, with expanding battery electrical car or truck uptake just one of the couple of shiny places,” SMMT Main Executive Officer Mike Hawes claimed.

British new auto profits this year will likely be lower than earlier thought as the price-of-residing squeeze in Britain and persisting chip shortages impression the auto industry, the SMMT stated very last thirty day period. read through far more

The total market has declined virtually 9%, equal to 62,724 fewer models, so far this 12 months thanks to offer concerns, the SMMT said.

Reporting by Yadarisa Shabong in Bengaluru Enhancing by Shailesh Kuber and Rashmi Aich

Our Specifications: The Thomson Reuters Believe in Principles.