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Friday 03rd of July 2009
March 5, 2009

SMMT reports 22% fall in UK car sales


by Kay Murchie
”SMMT

Figures released today by the Society of Motor Manufacturers and Traders (SMMT) have revealed further bad news for the UK car industry.

According to the organisation, new registrations fell 21.9% in February, compared with the same month last year.

The industry has been hit badly as the economic downturn has meant that consumers have cut back on big ticket items, particularly cars.

Paul Everitt, the group’s chief executive, is again calling on the Government to provide more help to the industry.

“It is imperative that the UK Government increases the pace in responding to industry proposals for a scrappage scheme (paying consumers to get rid of their old cars), and access to finance and credit,” said Mr Everitt.

However, the Government has so far rejected the scheme stating it was “unsure whether it would offer value for money”. The scheme has been introduced in Germany.

The scrappage scheme in Germany has had a positive impact after a rise in car sales in the country. Official figures from the VDA earlier this week revealed that sales of new Germany cars rose by 22% compared with the same month in 2008 - the highest February sales for a decade.

In order to boost the UK’s ailing car industry, at the end of January, Business Secretary, Lord Mandelson, unveiled a rescue package of £2.3 billion.

In related news today, it has been confirmed that thousands of workers at Jaguar Land Rover have voted for a pay freeze and a shorter working week in order to avoid compulsory job losses.

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Story link: SMMT reports 22% fall in UK car sales


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