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Financial News: UK Car Sales Fall For Sixth Month: SMMT

UK Car Sales Fall For Sixth Month: SMMT

10/05/2017 - 04:20:00 (RTTNews)

(RTTNews) - UK new car registrations declined for the sixth consecutive month in September, the Society of Motor Manufacturers and Traders reported Thursday.

As economic and political uncertainty, and confusion over air quality plans led to a fall in consumer confidence, car sales decreased 9.3 percent year-on-year to 426,170 units in September.

Year-to-date, new car registrations dropped 3.9 percent. Nonetheless, the market remained at a historically high levels with over 2 million vehicles hitting UK roads so far this year.

Demand for alternatively fuelled vehicles (AFVs) continued to accelerate in September, surging 41.0 percent in September and 34.6 percent year-to-date.

"September is always a barometer of the health of the UK new car market so this decline will cause considerable concern," Mike Hawes, SMMT chief executive, said.

Business and political uncertainty is reducing buyer confidence, with consumers and businesses more likely to delay big ticket purchases, Hawes noted.

Further, he said the confusion surrounding air quality plans has not helped, but consumers should be reassured that all the new diesel and petrol models on the market will not face any bans or additional charges.

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