UK new car sales down a third in June
UK new car sales are down a third compared to a year earlier, figures show. Van sales are also down a quarter.
What are the numbers?
The data has been released by the car industry lobby, the SMMT*.
According to the SMMT, UK new car sales and van registrations have started to pick up but remain well below the same period last year.
- New Car registrations down by 35%
- New Van registrations down by 25%
In total new car sales are down by a massive 48% for 2020 to date compared with the same point last year.
According to Mike Hawes of the SMMT;
“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. 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.
The government must boost the economy, help customers feel safer in their jobs and in their spending and give businesses the confidence to invest in their fleets. Otherwise it runs the risk of losing billions more in revenue from this critical sector at a time when the public purse needs it more than ever.”
Notes & Sources
The SMMT is the Society of Motor Manufacturers & Traders, which represents the car industry in the UK.
Image from the SMMT press release.
Full details here;
Some numbers rounded to make the article easier to read.