February market slips further

* New car registrations fell 21.9% in February to 54,359 units

* Diesel market share fell to 44.1% in February, from 45.0% in February 2008

* Scrappage schemes have provided a boost to registrations in other European markets

“New car registrations continue to decline and although government recognises the strategic importance of the UK motor industry, urgent action is still needed,” said Paul Everitt, SMMT chief executive. “Other European countries have been proactive in assisting their automotive industries and it is imperative that UK government increases the pace in responding to industry proposals for a scrappage scheme and access to finance and credit.” 

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