SMMT

September plate-change car sales down 4.4% annually says SMMT

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Hopes for a surge in car registrations last month to help the motor industry recover from the coronavirus pandemic have been dashed as official figures confirmed the lowest recorded September in 21 years. Registrations are down 4.4 per cent annually with 328,041 new 70 plate models sold – the lowest figure since a second annual … Read more

Leaked letter reveals SMMT and government discussions for scrappage scheme

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The Society of Motor Manufacturers and Traders (SMMT) has been in confidential talks with the government over a possible £1.5 billion scrappage scheme to kick-start the new car market, a leaked letter sent to ministers has revealed. The trade body said a ‘market stimulus package’ would need to encourage the purchase of diesel and petrol … Read more