Tags: APFN | EU | Britain | Car Sales

UK Car Sales Drop in 2017 for First Time in 6 Years

Friday, 05 January 2018 07:38 AM

LONDON (AP) — The British car industry association says automobile sales in the country fell in 2017 for the first time in six years and are set to fall further this year largely because of subdued economic growth.

The Society of Motor Manufacturers and Traders said Friday that overall demand fell 5.7 percent in 2017 to 2.54 million vehicles.

Though the number of sales is the third-highest ever, the fall was the most acute since 2009, when the British economy was mired in a deep recession following the global financial crisis.

While acknowledging the negative impact of "confusing anti-diesel messages," the organization said waning economic confidence has taken its toll.

The British economy weakened in 2017 as uncertainty over Britain's exit from the European Union weighed on sentiment.

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The British car industry association says automobile sales in the country fell in 2017 for the first time in six years and are set to fall further this year largely because of subdued economic growth.The Society of Motor Manufacturers and Traders said Friday that overall...
APFN,EU,Britain,Car Sales
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2018-38-05
Friday, 05 January 2018 07:38 AM
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