New car sales stall fol­low­ing con­fi­dence drop

Yorkshire Post - Business - - BUSINESS / NEWS -

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.

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