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Financial News: UK Car Sales Fall For Fifth Month In

UK Car Sales Fall For Fifth Month In August: SMMT

09/05/2017 - 06:19:00 (RTTNews)

(RTTNews) - The UK car market reported its fifth consecutive month of decline in August, the Society of Motor Manufacturers and Traders said Tuesday.

Car registrations declined 6.4 percent year-on-year in August. Nonetheless, more than 76,000 new cars were registered in August.

Year to date, the market remained broadly in line with expectations. Registrations dropped 2.4 percent, with 1,640,241 new cars joining British roads in the first eight months.

Mike Hawes, SMMT chief executive, said, "August is typically a quiet month for the new car market as consumers and businesses delay purchases until the arrival of the new number plate in September."

"With the new 67-plate now available and a range of new models in showrooms, we anticipate the continuation of what are historically high levels of demand," said Hawes.

Demand for alternatively fueled vehicle surged 58.3 percent in August as more motorists switch on to alternative powertrains.

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