Official figures from the Society of Motor Manufacturers and Traders (SMMT) show
new car registrations in the UK rose 11.5% in March, compared to a year earlier, totalling 283,964 vehicles.
However, that is still -36.9% lower than the 10-year March average.
The SMMT has said the UK will need to log 8,300 registrations a day needed in order to return to average pre-pandemic levels by the end of the year.
But April is expected to set new growth records, given dealerships are allowed to re-open to the public as part of wider easing of Covid restrictions across England on 12 April. SMMT (@SMMT)
The only way is up for new car registrations as showrooms look to reopen
From the self-employed to those on furlough, what are the mortgage options?
More mortgage deals are now available for first time buyers –but the bad news is that they are relatively expensive. Photograph: Nick Gregory/Alamy
More mortgage deals are now available for first time buyers –but the bad news is that they are relatively expensive. Photograph: Nick Gregory/Alamy
Number of new deals has risen but rates and terms for different categories of borrower vary
Sat 13 Feb 2021 07.00 EST
The mortgage world is increasingly being split into winners and losers, with borrowers who are perceived as low-risk being offered some of the lowest rates on record, and the self-employed and those who are furloughed