UK new car sales see second weakest May in 30 years

Imported cars are parked in a storage area at the Port of Sheerness, Sheerness, Britain October 24, 2017. REUTERS/Peter Nicholls

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June 6 (Reuters) – New car registrations in Britain fell nearly 21% last month, the second weakest May in three decades after the 2020 lockdown, as supply problems Persistent signs have hampered sales and shipments despite robust demand, industry data showed Monday.

The Society of Motor Manufacturers and Traders (SMMT) said sales of new cars in the UK fell to 124,394 units last month, while take-up of battery electric vehicles jumped nearly 18% and represented one in eight new cars joining the road.

“In another challenging month for the new car market, the industry continues to struggle with global parts shortages, with the growing adoption of battery electric vehicles being one of the few bright spots,” said Mike Hawes, Managing Director of SMMT.

UK new car sales this year are likely to be lower than previously thought as Britain’s cost of living squeeze and continued chip shortages impact the car market, the SMMT said. last month. Read more

The overall market has shrunk nearly 9%, or 62,724 units less, so far this year due to supply issues, SMMT said.

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Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber and Rashmi Aich

Our standards: The Thomson Reuters Trust Principles.

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