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UK’s new vehicle registrations decline throughout a year

Britain’s new car registrations quantity fell in March, completing a year of constant decline, as latest data by the Society of Motor Manufacturers and Traders showed. According to the figures there were 474,069 registrations in March, which is 15% lower than during the same period of last year.

In March 2017 new registrations reached the highest level in UK history as people hurried to buy cars ahead of April’s car tax rates changes, said the Society. Purchases of diesel cars plunged more than others, a 37.2% slump.

At the same time petrol cars were bought in around the same quantity, 0.5% growth compared to the same period of 2017.

The Society expressed its concern over a sharp fall in the number of diesel car purchases and pointed to the unwillingness of consumers to replace their diesel cars for new ones with less emissions because of the changes to vehicle tax. Business buyers showed 16,5% decrease, private buyers – 15%, and fleet buyers – 14.3%.

Mike Hawes of the Society said that confidence of consumers and businesses got lower in the past few months and reminded the government that prosperous new car market was highly important for British economy.

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