New car registrations in Britain fell 4.0% in April on a year ago, mainly as a result of the demise of MG Rover which shut down production, the Society of Motor Manufacturers and Traders said on Friday, according to Reuters.
Go deeper with GlobalData
“April’s dip has largely been dominated by MG Rover but it seems that the crisis has not had a significant effect on consumer confidence across the wider industry,” the news agency quoted SMMT chief executive Christopher Macgowan as saying.
According to Reuters, the SMMT said registrations fell to 179,457 units after a 5.1% annual drop in March to 442,940 and that leaves registrations down 6.6% year on year for the first four months of 2005.
The SMMT predicted registrations would total 2.45 million units by year-end, down on the 2.57 million units in 2004, Reuters added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
