UK new car sales rise around 11% in key selling month of March
Reuters
Published Apr 06, 2021 06:39
Updated Apr 06, 2021 09:20
LONDON (Reuters) - British new car registrations rose by around 11% on an annual basis in March, usually one of the two top selling months of the year, according to preliminary industry data released on Tuesday.
The Society of Motor Manufacturers and Traders (SMMT) said registrations rose 11% compared with the first month of last year's lockdown, but they were still down around 37% below the average for 2010-2019.
March is one of two annual occasions when the licence plate series changes, spurring demand.
Many dealers have been using "click and collect" and delivery services to continue to operate as showrooms remain closed to the public.
In England, they are due to reopen from April 12, alongside other nonessential retail outlets.
The SMMT will publish final figures for the month at 0900 local time on Tuesday.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.