
Why are new car sales falling?
The UK’s new car market is struggling, with sales down last year, and a further drop already forecast for 2018. March saw the 12th consecutive month of decline, but why have the sales of new vehicles gone from record highs to such lows?
The first thing to remember is that despite what the mainstream press states, the market is not really ‘struggling’. Last year, over 2.5 million vehicles were sold in the UK, compared to 2.69 in 2016. A drop of around 200,000 vehicles cannot really be called a crisis, especially as 2016 was a record year, with the highest sales figures ever recorded.
It is a case that over time, sales figures will ebb and flow. Yet in this instance, there are a few factors which are inorganically causing a seismic shift in the industry, and this could end up being goo