FOREX TradingCharts.com

Financial News: UK Car Registrations Fall In June: SMMT

UK Car Registrations Fall In June: SMMT

07/06/2020 - 06:39:00 (RTTNews)

(RTTNews) - UK car registrations decreased again in June reflecting uncertain economic confidence and delayed re-opening of Welsh and Scottish showrooms, the Society of Motor Manufacturers and Traders, or SMMT, reported Monday.

Car registrations declined 34.9 percent on a yearly basis in June. Nonetheless, the drop was an improvement on May's -89.0 percent wipe-out.

Only 145,377 new cars were registered in June, which represented a significant decline of 78,044 compared with June 2019.

"While it's welcome to see demand rise above the rock-bottom levels we saw during lockdown, this is not a recovery and barely a restart," Mike Hawes, SMMT chief executive?said.

Many of June's registrations could be attributed to customers finally being able to collect their pre-pandemic orders, and appetite for significant spending remains questionable, Hawes noted.

During January to June period, car sales decreased 48.5 percent from the same period last year.

The lobby said about 240,000 private sales was lost since consumers were told to 'stay at home' and retailers forced to close, resulting in an estimated GBP 1.1 billion loss to the Treasury in VAT receipts alone.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Investor Confidence Highest Since February - Sentix (06 hr(s), 07 min(s), 45 sec(s) ago)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story»

Latvia Consumer Prices Rise In July (06 hr(s), 40 min(s), 45 sec(s) ago)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story»

Sweden Household Consumption Falls In June (06 hr(s), 43 min(s), 45 sec(s) ago)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story»

Slovakia Industrial Production Declines At Softer Pace In June (07 hr(s), 06 min(s), 45 sec(s) ago)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story»

Turkish Jobless Rate Rises In May (07 hr(s), 07 min(s), 45 sec(s) ago)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story»

Romania Trade Deficit Widens In June (07 hr(s), 08 min(s), 45 sec(s) ago)
(RTTNews) - Romania's trade deficit increased in June as exports declined faster than imports, ...Full Story»

Norway Inflation Slows In July (08 hr(s), 10 min(s), 45 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased in July, data from Statistics Norway showe ...Full Story»

Denmark Inflation Rises In July (08 hr(s), 13 min(s), 45 sec(s) ago)
(RTTNews) - Denmark's consumer prices rose in July, data from Statistics Denmark showed on Mon ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Confidence Highest Since February - Sentix

08/10/2020 - 08:48 AM (RTTNews)
(RTTNews) - Euro area investor confidence rose for a fourth straight month in August to its highes ...Full Story>>

Latvia Consumer Prices Rise In July

08/10/2020 - 08:15 AM (RTTNews)
(RTTNews) - Latvia's consumer prices rose for the first time in four months in July, figures f ...Full Story>>

Sweden Household Consumption Falls In June

08/10/2020 - 08:12 AM (RTTNews)
(RTTNews) - Sweden's household consumption declined in June, data from Statistics Sweden showe ...Full Story>>

Slovakia Industrial Production Declines At Softer Pace In June

08/10/2020 - 07:49 AM (RTTNews)
(RTTNews) - Slovakia industrial production declined at a softer pace in June as the slump in the t ...Full Story>>

Turkish Jobless Rate Rises In May

08/10/2020 - 07:48 AM (RTTNews)
(RTTNews) - Turkey's jobless rate rose in May, data from the Turkish Statistical Institute sho ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.