UK car registrations decline in February
Car registrations declined 2.8% year-on-year to 80,805 units in February. The agency said February is traditionally one of the quietest months of the year ahead of the March number plate change.
Year-to-date market for new cars declined 5.1%, with 244,420 units registered nationwide, SMMT said.
"Looking ahead to the crucial number plate change month of March, we expect a further softening, given March 2017 was a record as registrations were pulled forward to avoid VED changes," Mike Hawes, SMMT chief executive, said. ■