UK Car Sales Decline In October: SMMT

October 2017 marked the seventh consecutive month in which the United Kingdom auto market has declined.

Demand for diesel cars slumped by about 30 percent, the industry body said.

The Government said earlier this year it would aim to end sales of conventional diesel and petrol cars by 2040, while ministers are said to be drawing up plans to tax diesel cars more heavily in towns and increase duty on the fuel.

Auto registrations dropped by 12.2% compared with the same month a year ago, with a total of 158,192, according to figures from the Society of Motor Manufacturers & Traders (SMMT).

Vehicle sales decreased 12.2 percent year-on-year to 158,192 units in October.

AFV demand continued to rise, up 36.9% to 8,244 registrations, while petrol models enjoyed a more modest growth of 2.7%.

Demand from businesses and fleet orders dropped 26.8% and 13% respectively last month.

Dealers reported -10.1% fewer private buyers taking delivery of new cars in the month.

Year-to-date, the overall auto market is now down by 4.6 per cent on the equivalent levels last year.

Ford Fiesta was the best-selling vehicle during the month, as it has been so far this year, followed by the Volkswagen Golf, the Ford Focus and the Nissan Qashqai.

Declining business and consumer confidence is undoubtedly affecting demand in the new vehicle market but this is being compounded by confusion over government policy on diesel, Mike Hawes, SMMT chief executive, said. "We must also remember Brexit has already had an impact on the United Kingdom auto market through the fundamental shift in the exchange rate which is impacting vehicle prices, making the market correction even more understandable".

Like this



06 November 2017
Call of Duty WW2 launch sales up by half on Infinite Warfare
The up to 48-player space is supposed to represent an Allies encampment after having stormed the beaches of Normandy. These changes have already paid off, Sledgehammer said, noting that connectivity is already improved.

06 November 2017
Mama bear: Kim celebrates Kris on her birthday
And after the two got to working out, Kim laid down her fitness goals saying, "I know I can get abs". Lawrence confessed that she just wanted to get a makeover from Kardashian and West.

06 November 2017
Markets close flat; Sensex, Nifty's new intra-day highs
Titan Co rose 20 percent after the jewellery maker posted upbeat September-quarter results. Market breadth was positive with 944 advances against 627 declines.

06 November 2017
Congress doubts Mukul Roy's credibility on joining BJP
Roy had Z+ category security until last month, when he resigned from the TMC - and ceased to be a Rajya Sabha MP. Soon, after joining the BJP, Mukul Roy has been given Y+ category security.

06 November 2017
Sara Ali Khan gets release date for Bollywood debut!
The director is planning to recreate the set in Mumbai , as they couldn't shoot at the real locations at the moment. Sushant Singh Rajput and Sara Ali Khan's film " Kedarnath " has been the talk of the town since its announcement.

06 November 2017
Johnny Depp allegedly showed up drunk to movie premiere, reports say
But, his recent appearance, which saw the 54-year-old reportedly drunk, was instantly picked up by fans. The former couple reached an agreement; a report said Depp ended up paying Heard $7 million.

06 November 2017
Anthony Weiner to begin prison sentence for sexting conviction
In 2011, Weiner tweeted a picture of his crotch that he was reportedly intending to send to a college student. The Bureau of Prisons says that FMC-Devens holds just over 1100 inmates at the Ayer facility.

06 November 2017
The Shire PLC (SHPG) PT Set at $198.00 by Leerink Swann
Its down 0.01, from 1.08 in 2017Q1. 505.99 million shares or 0.95% less from 510.84 million shares in 2017Q1 were reported. RBC Capital Markets maintained Intercontinental Exchange Inc (NYSE:ICE) on Monday, July 10 with "Hold" rating.

06 November 2017
The JetBlue Airways Corp. (JBLU) Lowered by Vetr Inc
Morgan Stanley reissued an "equal weight" rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. State Board Of Administration Of Florida Retirement Sys has 0% invested in Cytokinetics, Inc. (NYSE:CF) for 725 shares.

06 November 2017
Rishard Matthews totals 70 yards and a score in Titans' win
NOTES: Tennessee LG Quinton Spain (toe) was inactive and replaced by Brian Schwenke, who started his first game of the year. Corey Davis returned to action for the first time since week two, catching two passes for 28 yards.