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Fall in UK new automobile gross sales eases in October – business information

FILE PHOTO: Imported vehicles are parked in a storage space at Sheerness port, Sheerness, Britain, October 24, 2017. Picture taken October 24, 2017. REUTERS/Peter Nicholls

LONDON (Reuters) – The sharp year-on-year decline in British new automobile registrations eased final month after a hefty drop in September, however the market nonetheless remained depressed by uncertainty about the way forward for diesel automobiles, an auto commerce affiliation stated on Monday.

The Society of Motor Manufacturers and Traders stated new automobile registrations in October have been 2.9 p.c decrease in contrast with a yr earlier at 153,599 automobiles, a pointy enchancment on the annual decline of 20.5 p.c in September.

However, trying on the 10 months to the top of October, gross sales have been 7.2 p.c decrease than for a similar interval of 2017 at 2.064 million, solely a modest enchancment on the 7.5 p.c annual decline recorded as much as the top of September.

“Vehicle excise duty upheaval, regulatory changes and confusion over diesel have all made their mark on the market this year,” SMMT chief govt Mike Hawes stated.

Model modifications and backlogs at check homes conducting new emissions certification continued to trigger shortages throughout some manufacturers, the SMMT added.

Reporting by David Milliken; enhancing by Kate Holton

Our Standards:The Thomson Reuters Trust Principles.

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