New car sales drop
TheUKnewcarmarketdeclined duringMayaheadoflastweek’s generalelection,withdemand falling by 8.5 per cent, according to figures from the SocietyofMotorManufacturers andTraders.
Some186,265newcarswere registered last month, with businesspurchasesdrivingthe market, up 20.1 per cent, to offsetdeclinesfromprivateand fleet buyers.
Although it dipped slightly in the previous month, the marketforalternativelyfuelled vehicles bounced back in May to continue the upward trend seen in the first quarter and takeanewrecordmarketshare of 4.4 per cent.
More than 8,000 AFVs were registered in the month, representing an increase of 46.7 per cent, and almost 50,000 new AFVs have joined Britain’s roads so far this year.
Despiteaslightdipinoverall registrations since January, more than 1.1 million new cars have been registered on UK roads so far in 2017.