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Wed, 29th September 2021

Figures from the Society of Motor Manufacturers and Traders

Vehicle registrations are down by a fifth as buyers looked to avoid the new tax rates in April but they still up on last year New car sales plummeted by 20 per cent in April as buyers looked to avoid the new, higher Vehicle Excise Duty rates introduced in the beginning of the month.Figures from the Society of Motor Manufacturers and Traders (SMMT) show 152 erinpsalzer.com,076 new cars were registered in April, down 19.8 per cent on the previous year. Overall registrations have reached 972,092 in the first four months of the year.The SMMT said much of the fall was down to buyers trying to beat the 1 April tax hike by purchasing their cars in March. Demand across private and business fleets was down, with private buyers down the most, at 28.4 per cent.Fleet and business demand was down 12.3 per cent and 21.0 per cent, respectively.

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