Supply issues lead to drop in car sales

The Society of Motor Manufacturers and Traders has announced that Britain’s used car market shrank by nearly a fifth in the second quarter of the year. Chief Executive Mike Hawes has written, “As day follows night, falling used car sales were inevitable after a prolonged squeeze on new vehicle supply. SMMT’s new figures this week […]

Record fall for new car sales in April

New car sales were down more than 97 per cent in April, to their lowest level “in living memory”. The Society of Motor Manufacturers and Traders says new car registrations numbered just 4,321 in the month and it expects 2020 to see the lowest number of sales since 1992. It wants car dealerships to be […]