UK car sales almost 90% below normal in May: SMMT By Reuters



© Reuters. Parked cars are seen at the Vauxhall plant as the outbreak of the coronavirus disease (COVID-19) continues, in Ellesmere Port

LONDON (Reuters) – British car sales edged up in May after falling to their lowest since 1946 in April, but still remained almost 90% below their level a year earlier as coronavirus restrictions limited sales.

Preliminary figures from the Society of Motor Manufacturers and Traders (SMMT) on Thursday showed that around 20,000 new cars were registered last month, up from just 4,321 in April but just a fraction of the 183,724 sold in May 2019.

Car showrooms in England have only been able to reopen to potential buyers since Monday, though some vehicles were delivered direct to customers last month and in April.

Thursday’s data fit with other figures showing that the sharpest decline in British economic activity occurred in April, just after the lockdown came into force.

Since then, some rules have been relaxed and other businesses have been able to find ways to comply with them and restart operations.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.