UK new car sales sees smaller slump for June on annual basis

06.07.2020 - Davydova Maria
UK new car sales sees smaller slump for June on annual basis

New car registrations in the United Kingdom slipped by a third on an annual basis in June after several dealerships resumed operations amid loosening lockdown measures, preliminary data from an industry body. The drop is seen as relatively smaller compared to that in March, April, and May.

According to the Motor Manufacturers and Traders (SMMT), around 145,000 units were sold in June.

Demand for automobiles had plunged by 44% in March, 97% in April, and 89% in May.

The SMMT said that year-to-date, the market was almost 50% behind where it was at the same time in 2019.

Some U.K. car showrooms reopened on June 1, while dealers in Wales and Scotland were only permitted to resume in June 22 and June 29 respectively.

However, some British car manufacturers remained closed, with others operating at minimal capacity in a bid to balance out supply and demand.

The SMMT will release final sales figures for June later in the day.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?