New Car Registrations Down 22 Percent Year on Year In September 2018
New car sales in the UK decreased dramatically in September as the number of total vehicles registered was down 20.5% on the September 2017 at 339,000, the decline whilst widely expected is still a shock to a motor industry facing many challenges.
The data published by the Society of Motor Manufacturers and Traders is broken down below:
The reasons for the decline are numerous but can be bucketed into:
- WLTP changes
- Orders being brought forward in August
- Reducing Consumer Confidence
- Brexit worries
The WLTP changes in particular appear to have had a major impact on the numbers as manufacturers have been unable to release new compliant vehicles for delivery so there is the potential that some of the reduction is made up in future months as the vehicles are released.
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