• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Politics

Brexit – New car market down 2.5% in 2019

Some 1.86 million new cars were registered between January and September, the Society of Motor Manufacturers and Traders said.

Joe Mellor by Joe Mellor
2019-10-04 15:44
in Politics
Credit;PA

Credit;PA

FacebookTwitterLinkedinEmailWhatsapp

Demand for new cars has fallen 2.5% during 2019, the automotive industry has said.

Some 1.86 million new cars were registered between January and September compared with 1.91 million during the same period in 2018, the Society of Motor Manufacturers and Traders (SMMT) said.

The organisation blamed fears over Brexit for holding potential buyers back from purchasing new cars.

Figures for last month alone show the market grew by 1.3% year-on-year, but this is compared with September 2018 when registrations were severely hit by new emissions regulations and a lack of testing capacity affecting supply.

Other major European markets performed much stronger last month, with growth in double digits.

Sales of new cars in UK, by type
(PA Graphics)

SMMT chief executive Mike Hawes said: “September’s modest growth belies the ongoing downward trend we’ve seen over the past 30 months.

“We expected to see a more significant increase in September, similar to those seen in France, Germany, Italy and Spain, given the negative effect WLTP (Worldwide Harmonised Light Vehicle Test Procedure) had on all European markets last year.

“Instead, consumer confidence is being undermined by political and economic uncertainty. We need to restore stability to the market which means avoiding a no-deal Brexit and, moreover, agreeing a future relationship with the EU that avoids tariffs and barriers that could increase prices and reduce buyer choice.”

Sales of diesel models were down 20.6% during the first nine months of 2019, while demand for new petrol models was up 2.6%.

RelatedPosts

Trump says Ukraine war wouldn’t have happened if Russia was still part of G7

Zia Yusuf called out for unfounded claim on asylum seekers

Jacob Rees-Mogg says Angela Rayner has ‘rizz’

Elon Musk’s claim that ‘the left is murderously violent’ debunked… by his own AI

The market for battery electric cars is up by 122.1% but the plug-in hybrid sector is down by 29.2%.

Government grants for new low-emission cars were slashed in October last year, meaning hybrid models are no longer eligible for the scheme.

Motoring groups have warned that the decision will leave the UK struggling to meet targets to reduce vehicle emissions.

Karen Johnson, head of retail and wholesale at Barclays Corporate Banking, said: “The first increase in new car sales for some time will offer no relief, as the comparison with an extremely weak September 2018 was expected to be better than this.

“New fuel regulations lowered sales a year ago, and this time around it’s hard to look beyond a lack of consumer confidence due to Brexit uncertainty as the primary reason for the pickup not materialising as hoped.

“We’re also seeing increasing evidence of purchasers who would previously have looked to buy a new vehicle instead switching to the used car market.”

Prime Minister will ask for Brexit delay if no deal reached

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← Newcastle man suspended for Man Utd as Bruce says he will enjoy job ← Children’s Food Campaign says it is “stumped” over ECB’s decision to allow KP Snacks to sponsor The Hundred
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->