Rolling coverage of the latest economic and financial news
Just in: UK car sales in March were their weakest in 24 year, in a ‘deeply disappointing’ result for the industry. Sales fell 14.3% to 243,479 units. The shortage of semiconductors continues to hurt new vehicle production, meaning there were fewer models on sale...at a time when the cost of living crisis is hitting household spending. It was a record month for battery electric car sales, with registrations of BEVs up almost 79% compared with a year ago to 39,315.
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