Demand for new cars fell in October

Demand for new cars fell in October

Figures released by the Society of Motor Manufacturers and Traders

Demand for new cars fell 6.7% last month, the automotive industry said.Some 10,348 fewer cars were registered in October than during the same month in 2018, according to the Society of Motor Manufacturers and Traders (SMMT).

The figure reflects a tough environment for businesses and consumers as economic and political uncertainty continue to hit confidence, the trade association said.

The decline was driven by a 13.2% drop in demand from private consumers.

Sales of diesel models were down 28.3%, while petrol cars fell by 3.2%.

Alternatively fuelled cars such as hybrids and battery electrics took a market share of 9.9%, which is the highest on record.

Year to date figures show the new car market declined 2.9% during the first 10 months of the year compared with 2018.

Published: by Radio NewsHub
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