Slump in UK car sales deepens as industry records 12% fall

Slump in UK car sales deepens as industry records 12% fall

Drop for seventh month in a row driven by 30% plunge in diesel vehicle sales amid growing confusion over government’s road fuel policy

New car sales have declined for the seventh month in a row, falling more than 12% in October as declining confidence among consumers and businesses continues to dampen the market.

The figures show that the car market is on course for its first annual decline since 2011 and will continue to fall next year before stabilising in 2019, according to the Society of Motor Manufacturers and Traders (SMMT).

Related: UK car sales tumble by 12% as confidence declines – business live

Related: Business Today: sign up for a morning shot of financial news

Continue reading…

Source: Guardian Transport

<a href="Slump in UK car sales deepens as industry records 12% fall” target=”_blank”>Slump in UK car sales deepens as industry records 12% fall