New car sales stall following confidence drop
New car sales fell by 6.9 per cent in the first eleven months of the year due to stalling consumer confidence, stricter emissions rules disrupting supply and double-digit drops in demand for diesel, according to an industry body.
Demand declined 3 per cent on the year in November alone, the Society of Motor Manufacturers and Traders (SMMT) said, and warned about the consequences of Britain crashing out of the European Union without a deal.
In November, 158,639 units were registered, the industry body said.
Mike Hawes, chief executive of the SMMT, said: “Model and regulatory changes combined with falling consumer confidence conspired to affect supply and demand in November.
“The good news is that, as supply constraints ease, and new exciting models come on sale in the months ahead, buyers can look forward to a wide choice of cutting-edge petrol, diesel and electrified cars.
“It’s now critical that a Brexit deal is secured to boost consumer confidence and provide a stimulus to the new car market as we enter the New Year.”
The SMMT launched a Brexit contingency aid package a couple of months ago.