Consumer confidence weakens car demand in July

“The 13% decline in July new car registrations reflects the continued deterioration in consumer confidence being experienced across the economy. Rising fuel and household bills, alongside falling house prices are making consumers reluctant to commit to new expenditure,” said Paul Everitt, SMMT chief executive. “Vehicle manufacturers are doing their bit to support consumers. New cars are now 22% more affordable than they were ten years ago and new technology is delivering more fuel efficient motoring. Industry needs the support of government in order to encourage the uptake of lower-emitting vehicles and ultimately lower the cost of motoring for consumers.” For more, please see attached. DownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) SMMT would like to thank Urban Science International Limited for their help in producing this month’s figures * July new car market down by 13% in July and 3% year-to-date.* Diesel registrations up 7.3% over the year-to-date and take 43.1% of the market.* Demand for alternatively fuelled vehicles up 19.4% in July to 1,479 units. read more