FOREX TradingCharts.com

Financial News: UK Car Sales Decline On Brexit Uncertainty: SMMT

UK Car Sales Decline On Brexit Uncertainty: SMMT

10/04/2019 - 04:41:00 (RTTNews)

(RTTNews) - UK car sales declined in the first nine months of 2019 as Brexit uncertainty weighed on consumers' big ticket purchases, data released by the Society of Motor Manufacturers and Traders, or SMMT, showed Friday.

During January to September period, new car registrations dropped 2.5 percent from the same period last year.

In the year-to-date period, car market logged a registration of 1.86 million units which was about 49,000 less than the same period in 2018 to record the lowest performance since 2013.

It was in stark contrast to other major European markets, which this September rallied in double digits, SMMT said.

Nonetheless, car sales grew 1.3 percent in September on low volume in 2018.

Mike Hawes, SMMT chief executive, said, "September's modest growth belies the ongoing downward trend we've seen over the past 30 months." Consumer confidence is being undermined by political and economic uncertainty.

"We need to restore stability to the market which means avoiding a 'no deal' Brexit and, moreover, agreeing a future relationship with the EU that avoids tariffs and barriers that could increase prices and reduce buyer choice," Hawes said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Unexpectedly Edges Lower In September (12 hr(s), 46 min(s), 49 sec(s) ago)
(RTTNews) - Partly reflecting weakness in the manufacturing sector, the Conference Board released ...Full Story»

Russia CB Chief Nabiullina: GDP Growth To Return To 1.5-2% In 2020 - CNBC (12 hr(s), 55 min(s), 49 sec(s) ago)
(RTTNews) - Russia's economic growth is expected to return to 1.5-2 percent next year, support ...Full Story»

European Council Confirms Christine Lagarde As Next ECB Chief (13 hr(s), 54 min(s), 49 sec(s) ago)
(RTTNews) - European leaders on Friday confirmed the appointment of Christine Lagarde as the next ...Full Story»

BoE's Ramsden Still Sees Scope For Rate Hikes If Brexit Goes Smooth: Report (15 hr(s), 05 min(s), 49 sec(s) ago)
(RTTNews) - If the UK moves out of the European Union smoothly, then the Bank of England has room ...Full Story»

Hong Kong Jobless Rate Steady In September (15 hr(s), 54 min(s), 49 sec(s) ago)
(RTTNews) - Hong Kong's jobless rate remained stable during the July to September period, data ...Full Story»

Poland Industrial Production Rises More Than Expected (16 hr(s), 0 min(s),49 sec(s) ago)
(RTTNews) - Poland's industrial production rose at a faster-than-expected rate in September, f ...Full Story»

Poland Producer Price Inflation Steady In September (16 hr(s), 04 min(s), 49 sec(s) ago)
(RTTNews) - Poland's producer price inflation remained stable in September, data from the Cent ...Full Story»

Japan Govt Lowers Economic Assessment (16 hr(s), 49 min(s), 49 sec(s) ago)
(RTTNews) - Japan's government lowered its economic assessment as exports are expected to rema ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Unexpectedly Edges Lower In September

10/18/2019 - 10:31 AM (RTTNews)
(RTTNews) - Partly reflecting weakness in the manufacturing sector, the Conference Board released ...Full Story>>

Russia CB Chief Nabiullina: GDP Growth To Return To 1.5-2% In 2020 - CNBC

10/18/2019 - 10:22 AM (RTTNews)
(RTTNews) - Russia's economic growth is expected to return to 1.5-2 percent next year, support ...Full Story>>

European Council Confirms Christine Lagarde As Next ECB Chief

10/18/2019 - 09:23 AM (RTTNews)
(RTTNews) - European leaders on Friday confirmed the appointment of Christine Lagarde as the next ...Full Story>>

BoE's Ramsden Still Sees Scope For Rate Hikes If Brexit Goes Smooth: Report

10/18/2019 - 08:12 AM (RTTNews)
(RTTNews) - If the UK moves out of the European Union smoothly, then the Bank of England has room ...Full Story>>

Hong Kong Jobless Rate Steady In September

10/18/2019 - 07:23 AM (RTTNews)
(RTTNews) - Hong Kong's jobless rate remained stable during the July to September period, data ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.