UK new car sales slump in February amid Reuters’ COVID-19 hit

© Reuters. FILE PHOTO: Cars parked at the Vauxhall plant are seen while the coronavirus disease (COVID-19) outbreak continues in the port of Ellesmere

LONDON (Reuters) – UK new car registrations were down around 36% yoy in February, according to preliminary data from an industry association, as lockdown measures forced showrooms to close their doors to the public.

According to the Society of Motor Manufacturers and Traders (SMMT), the volume had been at its lowest level since 1959 since February.

Car dealerships use online, delivery, and click-and-collect services to keep their operations going.

The SMMT will release final numbers for the month on Thursday at 9:00 a.m. GMT.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.

Fusion Media or any person involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.