TIWN
London, May 6 (TIWN) Car sales in the UK plunged to its lowest level since 1946 due to the coronavirus lockdown measures imposed in the country, the motor industry said on Tuesday.
Figures from industry body the SMMT show only 4,321 cars were registered, the lowest monthly level since 1946. April's figure marked a 97% plunge in sales from the same month last year. The closure of car dealerships as part of measures to try to combat the disease has hit consumer registrations. The Society for Motor Manufacturers and Traders (SMMT) said that of the registrations made last month, 70% were by companies buying for their fleets. The cars would most likely have been on order before the lockdown, said Mike Hawes, SMMT chief executive. "If you are told to close all your car showrooms for the entirety of April it's no surprise sales are almost non-existent," he told the BBC. Many of the 4,000 cars sold last month were needed to support key workers and for those who had a pressing need for them, an SMMT spokesman said.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals