8 Jan 2021

Car Registrations Hit Near 30-Year Low

Latest figures have revealed the car industry suffered the worst level of new car registrations in nearly 30 years.

Clearly as a result of the current Covid-19 pandemic, the Society for Motor Manufacturers and Traders has reported a decline of 29% which is the biggest one-year fall since World War Two.

The majority of sales were lost during the first, and harshest to date, lockdown which saw showrooms and factories closed as the nation came to a standstill.

Persistent local lockdowns haven’t helped, with a new variant on the Covid-19 virus emerging recently and forcing the country back into lockdown.

Although click and collect is still available, for SMMT Chief Executive Mike Hawes it is the bare minimum required for the industry.

He said when speaking to the BBC; “We can still do click and collect, which is important because that’s the very minimum we need.

“Not just to keep retail going, but also to keep manufacturing going.”

Overall, the SMMT has estimated the cost to the car industry to be £20bn.

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