With lockdown in full swing for the month of April, these new figures from the SMMT will not be a surprise.
New car registrations for April 2020 sets a new record fall of 97.3%. Only 4,321 new vehicles were registered – which is 156,743 fewer than in April 2019.
With the UK’s showrooms closed for the whole of April, the market’s worst performance in living memory is hardly surprising. These figures, however, still make for exceptionally grim reading, not least for the hundreds of thousands of people whose livelihoods depend on the sector. A strong new car market supports a healthy economy and as Britain starts to plan for recovery, we need car retail to be in the vanguard. Safely restarting this most critical sector and revitalising what will, inevitably, be subdued demand will be key to unlocking manufacturing and accelerating the UK’s economic regeneration.Said Mike Hawes, SMMT Chief Executive