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Total Motor Vehicle sales down 4 months in a row to 1.56 million year to date.


According to SMMT the number of new cars registered in July haven fallen again.  

 

This makes four months in a row. While SMMT attribute the downturn to consumer worries and uncertainty about "Brexit".

 

That said a massive one hundred and sixty two thousand cars where sold, which while it is not an insignificant amount is still a concern for the motor industry and represents a 2.2% year to date fall.

 

A spokes person from SMMT said "....the government must act quickly to provide concrete plans regarding Brexit."

 

This has to be taken in context as equally many car buyers purchased early to avoid the impact of the recent changes to vehicle taxation and road fund implications. 

 

So what does the downturn in sales mean for UK car buyers?

 

According to some industry experts the predict that this will mean price rises in some cases anything up to 3% as early as 2018. Fluctuations in the strength of the pound could also mean massive pricing restructuring.  

 

The biggest drop in sales is from business and fleet buyers where sales where down by a substantial 20%.

 

Hybrid and electric cars conversely are flying high with a increase from just 3% in 2016 to 5.5%.