Jonathan Moss said:
"The UK new car market is down again with a year on year decrease in June of 4.9% in new car registrations. Notably diesel registrations have declined 20.5% since the same point last year. There is some respite with battery electric vehicles ("BEVs") rising by 61.7% but with BEV's having only 1.1% of market share, there is little reason to be cheerful. The alternatively fuelled vehicle ("AFVs") sector fell into negative growth for the first time since April 2017.
"This is a perfect storm with the open sore of Brexit showing no sign of healing and the US – China trade war successfully suppressing car manufacturers' appetite for growth. These figures are a dramatic call for long term investment incentives and innovative plans to encourage the growth in alternative fuel transportation."
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