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UK car sales 24% lower in April | UK car sales 24% lower in April |
(about 1 hour later) | |
UK car sales fell by 24% in April compared with the same month last year, the latest industry figures have shown. | UK car sales fell by 24% in April compared with the same month last year, the latest industry figures have shown. |
The number of new cars sold in the UK during the month was 133,475, the lowest since 1991, said the Society of Motor Manufacturers and Traders (SMMT). | The number of new cars sold in the UK during the month was 133,475, the lowest since 1991, said the Society of Motor Manufacturers and Traders (SMMT). |
The fall is the 11th consecutive monthly decline in new car sales. | The fall is the 11th consecutive monthly decline in new car sales. |
The government announced a car scrappage incentive scheme worth £2,000 in last month's Budget in an attempt to boost demand for new cars. | The government announced a car scrappage incentive scheme worth £2,000 in last month's Budget in an attempt to boost demand for new cars. |
'Tough conditions' | 'Tough conditions' |
Similar schemes introduced in Europe have succeeded in boosting sales. | Similar schemes introduced in Europe have succeeded in boosting sales. |
TOP 10 SELLING CARS IN THE UK - APRIL 2009 Ford Focus: 8,974Ford Fiesta: 8,395Vauxhall Corsa: 7,808VW Golf: 4,814Vauxhall Astra: 4,549Vauxhall Insignia: 3,262Peugeot 207: 3,136Audi A3: 2,439Ford Mondeo: 2,356Vauxhall Zafira: 2,140 Source: SMMT | |
A total 613,833 cars were sold during the first four months of the year, 28.5% fewer than the 859,017 cars sold during the same period last year. | A total 613,833 cars were sold during the first four months of the year, 28.5% fewer than the 859,017 cars sold during the same period last year. |
Despite the sharp fall in sales, SMMT boss Paul Everitt said the UK motor industry "continues to demonstrate its strength and resilience". | Despite the sharp fall in sales, SMMT boss Paul Everitt said the UK motor industry "continues to demonstrate its strength and resilience". |
"Industry is hopeful that its prospects will improve in the coming months and the steps it has taken will provide the basis for a sustained recovery once growth returns," he added. | "Industry is hopeful that its prospects will improve in the coming months and the steps it has taken will provide the basis for a sustained recovery once growth returns," he added. |
He did not, however, indicate when sales might begin to grow. | He did not, however, indicate when sales might begin to grow. |
The top five best-selling cars in April, in order, were the Ford Focus, the Ford Fiesta, the Vauxhall Corsa, the Volkswagen Golf and the Vauxhall Astra. | The top five best-selling cars in April, in order, were the Ford Focus, the Ford Fiesta, the Vauxhall Corsa, the Volkswagen Golf and the Vauxhall Astra. |
Incentive scheme | Incentive scheme |
The government's car scrappage scheme is not due to start until 18 May, which could mean that motorists hold off on any new purchase until then, the SMMT said. | The government's car scrappage scheme is not due to start until 18 May, which could mean that motorists hold off on any new purchase until then, the SMMT said. |
This would actually dampen demand yet further. | This would actually dampen demand yet further. |
Once the scheme is introduced, however, the society hopes that demand will pick up. | Once the scheme is introduced, however, the society hopes that demand will pick up. |
A £2,000 incentive will be paid to motorists who scrap cars registered before 31 August 1999 to buy a new car. Half of the money will be paid by the government and half by the car industry. | A £2,000 incentive will be paid to motorists who scrap cars registered before 31 August 1999 to buy a new car. Half of the money will be paid by the government and half by the car industry. |
A similar scheme in Germany helped car sales rise by 40% in March. | A similar scheme in Germany helped car sales rise by 40% in March. |
Carmakers across the world are struggling with a massive drop in sales during the economic downturn. | Carmakers across the world are struggling with a massive drop in sales during the economic downturn. |