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UK new car sales fall 30.5 percent in March
6 Apr 2009New car sales in Britain were down 30.5% in March, typically a strong period of the year for sales, the Society for Motor Manufacturers and Traders said today.
Sales in March, which has been the largest volume month in six of the past 10 years, totaled 313,912 units compared with 451,642 in March 2008, the group said.
Private sales fell 28.6%, fleet sales were down 30.2% and business sales fell 44.7%, the SMMT said.
March typically accounts for 18% of new car sales; last year it posted a 21% share.
For the first quarter of 2009, sales were 29.7% lower than a year ago.
The Ford Fiesta was the top-selling car in March at 20,654 units, ahead of the Vauxhall Corsa at 14,993 units.
"March new car registrations are a barometer of confidence in the economy, from businesses and consumers alike. The fall in the market shows that government needs to do more to boost confidence," said Paul Everitt, the society's chief executive.
"A scrappage scheme will provide the incentive needed and the evidence is clear that schemes already implemented across Europe do work to increase demand," he added.
Reader views (1)
With a good scrappage scheme you can bring out the buyers who are more conservative and savers who are getting no incentive to leave their money in their accounts - It is working in france and italy as there is a great tradition of not mortgaging up to the hilt and having multiple credit cards.
My french partner has just replaced her 15 yr old motor!
- Terry, hennebont france, 06/04/2009 13:29
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