FOREX TradingCharts.com

Financial News: UK New Car Sales Fall For Second Year:

UK New Car Sales Fall For Second Year: SMMT

01/07/2019 - 08:28:00 (RTTNews)

(RTTNews) - UK new car registrations decreased for a second year running in 2018, amid falling consumer confidence, political uncertainty and regulatory changes.

New car registrations decreased 6.8 percent to 2.37 million units, figures from the Society of Motor Manufacturers and Traders, or SMMT, showed on Monday. Sales fell 5.5 percent in December. The fleet sector logged the biggest decline and private motorists and smaller business operators also registered fewer cars.

Among the vehicle segments, only the dual purpose category witnessed increased demand. Superminis and lower medium cars remained the most popular, despite a fall in their registrations.

Diesel sector had the biggest volume decline among different fuel types, thanks to anti-diesel rhetoric and negative fiscal measures. December marked the 21st consecutive month of decrease for diesel cars.

Many diesel vehicle owners have adopted a "wait and see" approach, the SMMT said.

Registrations for petrol and alternatively fueled vehicles increased.

"A second year of substantial decline is a major concern, as falling consumer confidence, confusing fiscal and policy messages and shortages due to regulatory changes have combined to create a highly turbulent market," SMMT Chief Executive Mike Hawes said.

"The industry is facing ever-tougher environmental targets against a backdrop of political and economic uncertainty that is weakening demand so these figures should act as a wake-up call for policy makers."

That said, the demand for cars in the UK remains solid with volumes on a par with the preceding 15-year average, and the market still the second biggest in the EU, 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. Consumer Sentiment Plunges To Lowest Level Since Trump's Election (07 min(s), 13 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has seen a substantial deterioration in the month of Ja ...Full Story»

Portugal Producer Price Inflation Slows For Second Month (55 min(s), 13 sec(s) ago)
(RTTNews) - Portugal producer price inflation slowed for a second straight month in December, figu ...Full Story»

Eurozone House Price Growth Retains Momentum In Q3 (37 min(s), 13 sec(s) ago)
(RTTNews) - Eurozone house prices grew at a robust rate in the third quarter, albeit slightly slow ...Full Story»

U.S. Industrial Production Rises Slightly More Than Expected In December (31 min(s), 13 sec(s) ago)
(RTTNews) - With jumps in manufacturing and mining output more than offsetting a sharp pullback in ...Full Story»

Swiss Producer And Import Price Inflation Lowest In 16 Months (27 min(s), 13 sec(s) ago)
(RTTNews) - Switzerland's producer and import prices grew at the weakest pace in sixteen month ...Full Story»

UK Retail Sales Fall Worst Since May 2017 (42 min(s), 13 sec(s) ago)
(RTTNews) - UK retail sales decreased in December at the fastest pace in over one-and-a-half years ...Full Story»

Eurozone Current Account Surplus Falls In November (14 min(s), 13 sec(s) ago)
(RTTNews) - Eurozone current account surplus decreased in November, led by a decline in the surplu ...Full Story»

UK Retail Sales Fall Most Since May 2017 (15 min(s), 13 sec(s) ago)
(RTTNews) - UK retail sales decreased in December, marking the worst decline in over one-and-a-hal ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Plunges To Lowest Level Since Trump's Election

01/18/2019 - 10:16 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. has seen a substantial deterioration in the month of Ja ...Full Story>>

Portugal Producer Price Inflation Slows For Second Month

01/18/2019 - 10:04 AM (RTTNews)
(RTTNews) - Portugal producer price inflation slowed for a second straight month in December, figu ...Full Story>>

Eurozone House Price Growth Retains Momentum In Q3

01/18/2019 - 09:46 AM (RTTNews)
(RTTNews) - Eurozone house prices grew at a robust rate in the third quarter, albeit slightly slow ...Full Story>>

U.S. Industrial Production Rises Slightly More Than Expected In December

01/18/2019 - 09:40 AM (RTTNews)
(RTTNews) - With jumps in manufacturing and mining output more than offsetting a sharp pullback in ...Full Story>>

Swiss Producer And Import Price Inflation Lowest In 16 Months

01/18/2019 - 09:36 AM (RTTNews)
(RTTNews) - Switzerland's producer and import prices grew at the weakest pace in sixteen month ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.