New car market demand falls by 6.7 per cent in October

The new automobile market has persevered a downward fashion with a huge decline in October, in line with figures published nowadays by using the Society of Motor Manufacturers and Traders.
Compared with the identical month in 2018, 10,348 fewer cars have been registered – a 6.7% decline. The SMMT claims the figures replicate “a hard surroundings for commercial enterprise and customers as economic and political uncertainty endured to effect self assurance”.

James Fairclough, CEO of AA Cars, released a declaration announcing the consequences are “fairly disappointing”.

It persisted: “Hopes have been high that September’s small soar in momentum, sparked through new registration plates, could mark a turning factor. A 6.7% fall in income is enormously sharp regardless of dealerships’ tireless efforts to draw buyers to forecourts.”

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