OCTOBER SEES FURTHER CONTRACTION IN NEW CAR MARKET, EVS ONLY POWERTRAIN TO SEE GROWTH FOR THE MONTH
NFDA 05/11/2024
“October saw another month of contraction in the new car market, a concerning trend following August's end to two years of continuous growth. This decline is particularly worrying, as it highlights the volatility of the market right now” said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers in the UK commenting on the latest SMMT new car registration figures.