Connect with us

News

U.K. New Car Sales Drop More than 35% in November

Sales of new cars in the U.K. plummeted in November to 100,333 units, a decrease of 36.8% on last year’s figures.

Advertisement

These dismal results, released by the Society of Motor Manufacturers and Traders (SMMT), represent the greatest monthly drop since June 1980. During the year to November, car sales totalled 2,023,104 units, down 10.7% on the first 11 months of 2007.

Click Here to Read More
Advertisement

According to the SMMT, the government’s decision to reduce VAT to 15% as of Dec. 1 may have prompted a pause in new car purchasing. "Consumers may have delayed their purchases to take advantage of the recent VAT reductions,” commented SMMT CEO Paul Everitt. The SMMT anticipates full year sales of 2.1 million vehicles; last year 2.4 million new cars were sold in the U.K.

The U.K. decline in new car sales during November was not Europe’s largest – sales in Spain plunged 49.6%, the largest monthly fall in over 15 years and the seventh consecutive month of declining sales. Swedish sales of new cars fell 36% to 17,616 vehicles in November, the largest monthly decline since 1993, and new car registrations in Germany declined 17.6% in November to 233,000 units. The ACEA does not release its Europe-wide results until Dec. 16, however for the first ten months of the year European car sales have been 0.4% down on last year. (Tyres & Accessories/Staffordshire, U.K.)

Advertisement
Click to comment

POPULAR POSTS

People

‘Rusty’ Rovere, Owner of Dale’s Tire, Dies at Age 72

News

VIP Tires & Service Unveils Newly Renovated Auburn Location

AdobeStock Driving Photo 1400 AdobeStock Driving Photo 1400

News

Hankook Survey Shows Drivers Are Hitting the Road Less

Ted Becker Interim TireHub CEO Ted Becker Interim TireHub CEO

News

TireHub CEO Leaves; VP of Sales & Marketing Named Interim CEO

Connect
Tire Review Magazine