Cars Registrations SMMT News

Consumer confidence still lacking in November

04 December 2008 #Cars #Registrations #SMMT News


* New car registrations fell 36.8% in November to 100,333 units.

* Year-to-date volume is down 10.7% to 2,023,104 units.

* Diesel market share achieved record high of 47.0% in November.

* Private market particularly weak in November, down 45.1%.


“November has been another difficult month for the motor industry and whilst some consumers may have delayed their purchases to take advantage of the recent VAT reductions, overall demand continues to fall,” said Paul Everitt, SMMT chief executive. “Urgent action is now required to ease access to credit and finance, both to support consumers and meet the cash-flow needs of the industry.”


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