New figures from the Society of Motor Manufacturers and Traders (SMMT) show that for April 2021 there was an increase of new car registrations. This increase, however, is compared to the same month last year….. when we were all in a national lockdown!! No surprise there then?
April 2021’s registrations are -14.5% down on the 10-year average figures.
“After one of the darkest years in automotive history, there is light at the end of the tunnel. A full recovery for the sector is still some way off, but with showrooms open and consumers able to test drive the latest, cleanest models, the industry can begin to rebuild. Market confidence is improving, and we now expect to finish the year in a slightly better position than anticipated in February, largely thanks to the more upbeat business and consumer confidence created by the successful vaccine rollout. That confidence should also translate into another record year for electric vehicles, which will likely account for more than one in seven new car registrations.”Said Mike Hawes, SMMT Chief Executive.
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