UK new car sales have fallen for the first time this year as the fragility in the economy starts to take its toll.
New car registrations were 136,446 last month, down 13.2 percent from a year ago, the SMMT said.
UK car production increased sharply in June, rising 28.6 percent on the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT).
It said almost 118,000 cars were produced in June, which was the eighth month in a row that production increased.
UK new car sales rose 10.8 percent in June compared with the same month last year, the Society of Motor Manufacturers and Traders (SMMT) said.
And that is despite the end of the scrappage scheme.
Some 330,000 cars have been sold under the scheme, which offered new car buyers a 2,000 pound discount if they scrapped a car older than 10 years, and the UK government estimates that 4,000 jobs with manufacturers and suppliers were supported by the scheme.
Just when you thought it might be all over and the news started improving, another set of statistics come along to remind the manufacturing industry the economic recovery may be underway but it’s by no means going to be plain sailing from here on in.
The Japanese automaker said it made a profit of 45 billion yen in the October-December period.
That compares to an 83 billion yen loss last year.
Nissan now says it expects to make a full-year profit of about 35 billion yen, instead of the loss it previously predicted.
Honda reported that fiscal third-quarter profit rose sharply to 134.6 billion yen from 20.2 billion yen in the same period last year.
Aggressive cost cutting and improved Asian car sales helped it overcome a strong yen and slumping business in Europe and North America.
BETTER THAN MOST
Figures released today by the Department for Business, Innovation and Skills, show that more than three quarters of the budget for the UK Government's auto scrappage scheme has been used up.
Funding for less than 82,000 new vehicle orders is left for consumers to take advantage of under the scheme, as it nears its end.
Thousands of households in England will be able to apply for vouchers giving them £400 off the price of a new boiler under a scrappage scheme to cut carbon and help save money on b
Manufacturing Digital is happy to report some good news for the automotive industry - new car sales in Britain rose an annual 11.4 percent in September, their third consecutive rise.
The Society of Motor Manufacturers and Traders (SMMT) reported the drop to 107,635 cars shows some stability returning to the UK motor industry, reflecting the impact of European scrappa
The $1 billion programme, which runs until 1 November, offers vouchers worth up to $4,500 for people scrapping vehicles that do fewer than 18 miles per gallon.
According to figures released today by the Society of Motor Manufacturers and Traders (SMMT) new car registrations fell by 15.7 percent in June, the smallest since July 2008.