Mexican Media Brands
British Car Market Shrank 7% in 2018
Registrations of new cars in the U.K. slid 7% in 2018, the sharpest decline in a decade, the Society of Motor Manufacturers and Traders estimates.
#economics
Share
Registrations of new cars in the U.K. slid 7% in 2018, the sharpest decline in a decade, the Society of Motor Manufacturers and Traders estimates.
The group blames the decline primarily on a 30% drop in diesel sales. But it says worries about the impact of the U.K.’s planned exit from the European Union next spring also were a factor.
The diesel slump contributed to a 3% gain in per-vehicle emissions of carbon dioxide in the U.K. last year, according to SMMT. The effect was magnified by the continuing market shift from small cars to larger and less efficient SUV/crossover vehicles.
Europe’s switch to the more rigorous WLTP emission test protocol, which results in lower but more realistic CO2 readings, also contributed.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.