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UK new car sales record eight-year-low of 5.7% in 2017

Car sales in Britain have previously been a leading indicator for the performance of the economy and last year's drop is the biggest since demand nosedived in 2009 after the financial crisis

Reuters  |  London 

British new car sales recorded their biggest drop since 2009 last year, falling 5.7 per cent due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit, an industry body said on Friday. Demand for new diesel cars plunged 17.1 per cent, and with some buyers switching to petrol motors, average CO2 emissions for new cars rose for the first time in two decades, the Society of Motor Manufacturers and Traders (SMMT) said. Total registrations ended 2017 at 2.54 million, with drops among both business and private consumers, and are set to fall up ...

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First Published: Fri, January 05 2018. 16:32 IST