Following the news from the Society of Motor Manufacturers and Traders (SMMT) that new car registrations fell 3.5% year-on-year in June, Sean Kemple, director of sales at Close Brothers Motor Finance, said the figures were “disappointing” but dealers shouldn’t lose confidence in the market.
“This month follows two strong consecutive months of increased new car registrations. Alternatively fuelled vehicles have seen a steady rise in demand, and petrol sales are also reassuringly strong. However, June also saw the SMMT release a harsh warning about the impact of Brexit on both production output and demand to the UK motor industry, and we’ve certainly seen some hesitance from consumers when it comes to big ticket purchases. This is exacerbated by the uncertainty around diesel, which is having a fierce impact on diesel sale figures.”
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