POST Online Media Lite Edition



 

UK car sales tumble 20 percent in April after bumper March

Staff Writer |
British new car registrations slumped by 20 percent in April, the biggest year-on-year drop for over six years after record demand in March.

Article continues below






Sales fell 19.8 percent to 152,076 vehicles last month, traditionally a period when fewer vehicles are sold after a new licence plate series is issued in March, the Society of Motor Manufacturers and Traders said.

Demand in March was at a record high as individuals and businesses in Europe's second biggest autos market sought to avoid paying an increase in excise duty that came into force from April 1 for the most polluting vehicles.

Registrations so far this year are up 1.1 percent, despite forecasts that demand would fall by at least 5 percent this year due to the uncertainties around Brexit and after consecutive record performances.

Following an 8.4 percent rise in March and a slump in April, also hit by fewer selling days due to Easter, the SMMT said it foresaw less erratic swings in the months ahead.


What to read next

Switzerland's economy grows fastest in more than a year
Large companies in South Korea posts biggest decline in 12 years
Major automakers mostly report lower U.S. sales for September