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UK new car sales fell around 25% in October- preliminary data

UK new car sales fell around 25% in October- preliminary data
UK new car sales fell around 25% in October- preliminary data   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – British new car registrations dropped by roughly 25% year-on-year in October, according to preliminary industry data released on Thursday, as a lack of semi-conductor chips continued to hit the sector worldwide.

The Society of Motor Manufacturers and Traders (SMMT) said it expected total full-year sales to stand at 1.66 million cars, only 1.9% higher than 2020, when COVID-19 lockdowns and restrictions hit the economy.

The SMMT will provide the final figures for the month at 0900GMT.