UK new car sales plunge 97% to lowest since 1946
Topics: CAR UK
Sales to businesses in April accounted for four in five of the 4,321 new car registrations, according to the Society of Motor Manufacturers and Traders (SMMT), which further downgraded its full-year forecast to 1.68 million sales, on track for a near 30-year low. In January it had forecast 2.25 million sales.
“Safely restarting this most critical sector and revitalising what will, inevitably, be subdued demand will be key to unlocking manufacturing and accelerating the UK’s economic regeneration,” said SMMT Chief Executive Mike Hawes.
Britain’s car industry, the country’s biggest exporter of goods, faces losing output worth more than 8 billion pounds ($9.94 billion) due to the coronavirus outbreak, according to the SMMT.
Output in the industry has fallen 14% so far this year and sales have dropped 43%. ■