New car sales fall as Brexit uncertainty hits market 0

New-car-sales-fall-as-Brexit-uncertainty-hits-marketLast month saw the UK’s new car market slumped by almost 10%, industry figures have revealed. Diesel sales in particular were down by a fifth.

The drop is believed to have been caused by uncertainty over Brexit and marks the fourth consecutive months where sales figures have slumped.

Despite conventionally vehicles faring badly, the sales of alternatively fuelled cars rose by a whopping 64.9% in July, taking a record market share of 5.5%.

According to the figures released by the Society of Motor Manufacturers and Traders (SMMT), just under 162,000 new cars were registered in July, down 9.3% on the same period last year.

So far this year, 1.56 million new cars have been sold in the UK, a drop of 2.2% on the same period from 2016.

Diesel registrations were down by 20.1% in July, petrol models down 3%.

SMMT chief executive Mike Hawes said: “The fall in consumer and business confidence is having a knock-on effect on demand in the new car market and Government must act quickly to provide concrete plans regarding Brexit.”

The figures fall into line with Parliament announcing the ban of all petrol and diesel sales by 2040, as plans to meet EU limits on nitrogen dioxide pollution gather momentum.

There are also plans to potentially introduce a tax on new diesel vehicles.

Mr Hawes said: “While it’s encouraging to see record achievements for alternatively fuelled vehicles, consumers considering other fuel types will have undoubtedly been affected by the uncertainty surrounding the Government’s clean air plans.”

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