Tuesday 05 May 2020
New car sales in Britain fell 97 percent in April, the lowest monthly level since February 1946, as factories and dealerships closed their doors due to the outbreak of the Corona virus.
The collapse in car sales is putting more pressure on Britain’s economy, which is heading to record an unprecedented quarterly contraction of seven percent, a survey showed on Tuesday, with activities curtailed by the Corona virus.
According to the Reuters news agency, the Automobile Manufacturers and Traders Association reported that sales to companies in April accounted for four out of every five cars out of 4,231 new cars registered during the month.
The association lowered expectations for a full year more to 1.68 million cars, aiming to record the lowest level in 30 years. In January, it expected to sell 2.25 million cars.
The association stated that Britain’s auto industry, the largest exporter of goods in the country, is facing a production loss of more than eight billion pounds ($ 9.94 billion) due to the Coruna outbreak.
Production in the sector has fallen 14 percent since the beginning of the year, and sales have fallen 43 percent.
The best-selling cars were in April, Tesla 3 registered 658 cars, although cars such as Ford, Volkswagen and Vauxhall usually compete for this title.
In February 1946, a few months after the end of the Second World War, sales of new cars reached 4,044 cars while the country was still implementing the quota system and trying to rebuild the damage left by the war under the first majority government of the Labor Party.