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CarsNew car sales see ‘modest’ decline in November

14:40  06 december  2018
14:40  06 december  2018 Source:   motoringresearch.com

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The new car market registered a modest decline in November as sales of new diesels continued to suffer, according to data from the Society of Motor Manufacturers and Traders. Diesel vehicles now make up less than a third of the new car market at 31.8% year-to-date, with November 's figures

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New car sales see ‘modest’ decline in November © Provided by Motoring Research Renault UK car retailer

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New car registrations continued their 2018 downward trend in November with the market falling 3 percent, the Society of Motor Manufacturers and Traders (SMMT) has announced.

There is no single factor for the decline, it said: low consumer confidence, WLTP emissions test-related supply issues and general uncertainty all played their part.

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New car sales for the month of November are forecast to be lower year over year and month over month, according to estimates from two industry One consistent trend is fading demand for cars . Sales of compacts fell 18.4 percent in November and sales of midsize cars declined 15 percent

In November , U.S. light-vehicle sales witnessed a decline of 0.5%. Part of the fall can be attributed to rising interest rates, which is making car November traditionally benefits from efforts by dealers to clear out stock ahead of New Year. Also, a continuing boom in SUV sales helped automakers.

However, Mike Hawes, SMMT chief executive, said the market could be set to turn. “The good news is that, as supply constraints ease, and new exciting models come on sale in the months ahead, buyers can look forward to a wide choice of cutting-edge petrol, diesel and electrified cars.

“It’s now critical that a Brexit deal is secured to boost consumer confidence and provide a stimulus to the new car market as we enter the New Year.”

Diesel new car sales were once again significantly down in November, with almost a 17 percent decline. The diesel market share dipped below one-third of the market, with petrol taking over six in 10 new car sales.

Alternative fuel vehicle registrations (including electric cars and hybrids) grew 24.6 percent, but this was still from a low base. They took a 6.8 percent market share, compared to 5.3 percent in 2017.

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New car sales have helped power the U.S. economy in recent years, but the sales pace is definitely slowing. With a string of record sales months, demand But with declining sales , consumers should find plenty of good deals. Readjusting market. Kelley Blue Book (KBB) also sees a modest sales

Car sales in America - the world's second-largest market - are stalling, but there's debate about whether the downshift is due to normal economic Until the economy contracts more broadly, there's unlikely to be a dramatic sales decline in the US, says Katherine Davidson, a London-based global

Overall, new car registrations are down 6.8 percent in 2018, with 2.3 million cars sold.

Best-selling cars: November 2018

New car sales see ‘modest’ decline in November © Arpad Benedek 'Hamilton, Canada - September 15, 2013: Side view of a blue colored sixth generation Ford Fiesta compact car parked on the street.'

The Ford Fiesta further extended its lead over the rest of the market with new car registrations of almost 5,200 units. The Volkswagen Golf performed well, with 4,678 registrations, but the surprise of the month was the Mercedes-Benz A-Class, which leapt into third place.

The A-Class outsold both the Nissan Qashqai and the Ford Focus.

BMW will be pleased that Mini outsold the Volkswagen Polo, while the Kia Sportage continued its good run with a ninth-place finish for registrations.

And, in a sign of the SUV-obsessed times, the Vauxhall Mokka X outsold the Corsa, which was way down in 10th place. There was a time when the Corsa was a top-three UK best-seller regular…

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Perhaps most telling is that, last month, new car sales declined by 14 per cent despite rising incentives as automakers tried to off-load inventories. Discussing the drop, Edmunds analyst Jessica Caldwell said: “While six straight months of sales declines sounds troubling, June is sandwiched

Given the robust sales of crossovers, sports utility vehicles and trucks, demand for passenger cars falls. This primarily leads to the decline in light-vehicle sales . See its 7 best stocks now. Privacy Policy | No cost, no obligation to buy anything ever.

November 2018 top 10 new car registrations

  1. Ford Fiesta
  2. Volkswagen Golf
  3. Mercedes-Benz A-Class
  4. Nissan Qashqai
  5. Mini
  6. Volkswagen Polo
  7. Ford Focus
  8. Vauxhall Mokka X
  9. Kia Sportage
  10. Vauxhall Corsa

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UK car sales fell around 3 percent in November - preliminary data.
UK car sales fell around 3 percent in November - preliminary data

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