October 7, 2022

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UK automotive industry suffers worst June for new car sales since 1996

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United kingdom automotive sector suffers worst June for new auto product sales since 1996, hottest figures expose

Registrations of new cars fell by 24.3 per cent final thirty day period in contrast with June 2021,

The United kingdom automotive business endured its worst June for new vehicle revenue considering that 1996, figures exposed.

Registrations of new autos fell by 24.3 for each cent past thirty day period as opposed with June 2021, according to the Culture of Motor Suppliers and Traders (SMMT).

Global shortages of factors this kind of as semiconductors hamper the marketplace, with 141,000 new automobiles registered in June, the trade physique mentioned. 

Motorists are getting to hold out more than 12 months to choose delivery of some products. Only 802,000 new cars have been offered in the course of the initially 50 % of the year. 

That was an 11.9 for every cent reduction when compared with the exact period in 2021, the industry’s weakest January-June overall performance given that 1992, except for 2020, which was influenced by Covid.

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