UK car sales fall in June for third month in a row

Demand cools after strong first half in latest sign consumers are becoming reluctant to commit to major spending decisions

New car sales in the UK went into reverse for a third month in June in the latest sign that consumers are becoming increasingly reluctant to commit to major spending decisions.

Sales fell by 4.8% year on year last month to 243,454, following an 8.5% drop in May and a 19.8% slide in April, according to the Society of Motor Manufacturers and Traders (SMMT). In the first half of the year overall, new car sales fell by 1.3% to 1.4m vehicles, which was still the second biggest first half on record.

Related: All Volvo cars to be electric or hybrid from 2019

Continue reading…

Read full original article »