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Tuesday 20th March 2018

UK Car Sales Back on Track After Bumpy Ride

Business

7Dnews London

Tue, 05 Mar 2019 16:43 GMT

New car sales in Britain rose in February compared to a year earlier, reversing five straight months of decline. This is despite fears over Brexit and China's economic slowdown, data showed Tuesday, March 5th.

According to AFP, the Society of Motor Manufacturers and Traders (SMMT) said in a statement that new registrations for all cars increased 1.4 percent in February year-on-year to almost 82,000 vehicles.

Sales had tumbled in the previous five months on an annual basis owing to a weak demand for high-polluting diesel, amid a broader UK government push for cleaner transport. 

Carmakers are also facing fallout from a looming Brexit, as well as China's slowdown and its ongoing trade row with the United States.

The SMMT last week revealed that the number of cars built in Britain tumbled by a fifth in January, rocked partly by the threat of a no-deal Brexit.

UK car production dived 18.2 percent to 120,649 vehicles at the start of 2019 compared with a year earlier, marking the eighth successive monthly decline.


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