April Early industry figures show just over 4,000 vehicles were registered last month as most showrooms were closed nationwide
New car sales plunged by 97.3% last month compared to April 2019, revealing the effects of the coronavirus lockdown on the motor industry.
The Society of Motor Manufacturers and Traders (SMMT) said just 4,321 new vehicles were registered – a record low for the market.
That compares to 161,000 in the same month last year – a number already depressed as consumer confidence was knocked by Brexit deadlines and what the car industry described as “confusion” over the future of diesel-powered cars
The SMMT is forecasting the worst annual performance since 1992, a 27% decline on 2019, as the COVID-19 crisis takes its toll on incomes and wider demand with the economy tipped to face its deepest slump in a century
The data for March – the new 20 plate month – highlighted the worst March performance for car sales in two decades.
The figures, while dire, come as no great shock as showrooms have been shuttered since 23 March though some deliveries have made it through.
Source – Credit – Skynews
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