Britain's car industry warned on Wednesday the Brexit trade deal will add additional costs to firms, despite the sector securing tariff-free trade with the European Union, just as it needs to pick up investment in electric vehicles.
Britain s car industry warned on Wednesday the Brexit trade deal will add additional costs to firms, despite the sector securing tariff-free trade with the European Union, just as it needs to pick. | February 1, 2021
Click the thumbs up >Fleet and business registrations fell by 32% in 2020, with 400,000 fewer company cars registered compared to 2019, but fleets were behind a massive increase in the uptake of electric vehicles (EVs).
The new figures, published today by the Society of Motor Manufacturers and Traders (SMMT), show overall demand in the new car market fell to the lowest level since 1992.
They also reveal the continuing decline of diesel, with 55% fewer diesel cars registered in 2020 compared to 2019.
The SMMT sales figures show there were 883,557 cars registered to fleet and business during 2020, compared to almost 1.3 million vehicles the previous year.
However, the latest sales data also reveals that in December, fleet and business registrations were only 9% down compared to December 2019.