New car sales down again for 10th successive month

car insurance up

car insurance up

New car sales fell again as Aprils drop in sales saw them fall for 10 months in a row as the price of car insurance starts to hit motorists in the pocket.

137,746 new cars were registered in the UK in April according to figures from the Society of Motor Manufacturers and Traders (SMMT). This was 7.4% lower than the same month last year.

The figures, which added to a total annual sales total of 696,082, 8.5% down on last year, were attributed to last years government scrappage scheme, which increased sales and has now been stopped.

The drop was expected and registrations were actually up on the SMMT’s expectations and the group expect the final year sales to beat their forecast of 1.93million.

Short term supply problems because of the earthquake in Japan are also affecting the total figures which are expected to improve again next year.

SMMT chief executive Paul Everitt said, “New car registrations in April demonstrated continued stability in the marketplace.

“The coming months will remain challenging, but we do expect to see a return to growth in the second half of the year.”

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