UK car market dips almost 10% in July
The UK new car market saw its fourth consecutive monthly decline in July, with registrations falling 9.3% compared to July last year.
The Society of Motor Manufacturers and Traders (SMMT) said 161,997 new cars were registered in the month as the market continued to react to faltering consumer confidence in the wake of Brexit and ongoing economic uncertainty.
Nevertheless, the fall was in line with forecasts.
Demand was down across business, fleet and private buyers – with corresponding falls of 23.8%, 10.1% and 6.8%. Elsewh... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
