🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

UK new car sales rise only 1.3% in September - SMMT

Published 05/10/2019, 18:19
© Reuters. Bentley cars go through final quality control as they come off the production line at their factory in Crewe

LONDON (Reuters) - British new car registrations increased by a weak 1.3% in the important sales month of September as demand picked up only slightly from a double-digit drop in the same month last year when stricter emissions rules hit the market.

A total of 343,255 vehicles were sold in September, one of two months each year when licence plate series changes typically prompt high demand, according to the Society of Motor Manufacturers and Traders (SMMT)

"We expected to see a more significant increase in September, similar to those seen in France, Germany, Italy and Spain," said SMMT Chief Executive Mike Hawes.

"Instead, consumer confidence is being undermined by political and economic uncertainty."

© Reuters. Bentley cars go through final quality control as they come off the production line at their factory in Crewe

In September 2018, demand slumped by just over 20% as tougher emissions rules came into force in the European Union, disrupting the availability of certain vehicles and prompting some automakers to offer sales incentives ahead of the change.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.