Demand for new cars fell by 39.5% last month compared with January 2020, new figures show.
Just 90,249 new registrations were recorded as showrooms across the country remained shut, the Society of Motor Manufacturers and Traders (SMMT) said.
It was the automotive industry’s weakest start to a year since 1970.
(PA Graphics)
SMMT chief executive Mike Hawes said: “Following a £20.4 billion loss of revenue last year, the auto industry faces a difficult start to 2021.
“The necessary lockdown will challenge society, the economy and our industry’s ability to move quickly towards our ambitious environmental goals.
“Lifting the shutters will secure jobs, stimulate the essential demand that supports our manufacturing and will enable us to forge ahead on the road to zero.
Demand for new cars fell by 39.5% last month compared with January 2020, new figures show.
Just 90,249 new registrations were recorded as showrooms across the country remained shut, the Society of Motor Manufacturers and Traders (SMMT) said.
It was the automotive industry’s weakest start to a year since 1970.
(PA Graphics)
SMMT chief executive Mike Hawes said: “Following a £20.4 billion loss of revenue last year, the auto industry faces a difficult start to 2021.
“The necessary lockdown will challenge society, the economy and our industry’s ability to move quickly towards our ambitious environmental goals.
“Lifting the shutters will secure jobs, stimulate the essential demand that supports our manufacturing and will enable us to forge ahead on the road to zero.
January new car sales at lowest level since 1970 autoexpress.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoexpress.co.uk Daily Mail and Mail on Sunday newspapers.
Demand for new cars fell by 39.5% last month compared with January 2020, new figures show.
Just 90,249 new registrations were recorded as showrooms across the country remained shut, the Society of Motor Manufacturers and Traders (SMMT) said.
It was the automotive industry’s weakest start to a year since 1970.
(PA Graphics)
SMMT chief executive Mike Hawes said: “Following a £20.4 billion loss of revenue last year, the auto industry faces a difficult start to 2021.
“The necessary lockdown will challenge society, the economy and our industry’s ability to move quickly towards our ambitious environmental goals.
“Lifting the shutters will secure jobs, stimulate the essential demand that supports our manufacturing and will enable us to forge ahead on the road to zero.
Thursday newspaper round-up: KPMG, car sales, Ryanair
Thu, 4th Feb 2021 07:33
(Sharecast News) - The government is under mounting pressure to plug gaps in its emergency coronavirus wage subsidy schemes at the March budget to support millions of self-employed people and other workers excluded from furlough. MPs and campaign groups said the chancellor, Rishi Sunak, had repeatedly ducked opportunities to fix gaps in furlough and the self-employed income support scheme (SEISS) for almost a year since the Covid-19 pandemic began. - Guardian
The accounting giant KPMG has paid its 582 UK partners an average of £572,000 each in the middle of the Covid crisis. Thesubstantial payouts are just 11% lower than the £640,000 average pay for each partner in 2019. KPMG s UK chairman, Bill Michael, collected £1.7m, down 14% from the near-£2m he was granted a year earlier.- Guardian