The supply issues in the automotive sector continue, and, worse still, they don’t look like being addressed any time soon. That’s according to the Society of Motor Manufacturers and Traders , which has just reported a dire set of sales numbers for June and the year-to-date. New car registrations fell 24.3 per cent in June, with 140,958 new vehicles registered – the worst performance for the month since 1996. So far this year, 802,079 new cars have been registered, which is an 11.
In terms of consumer sectors, large fleets saw the biggest dent, with a 27.6 per cent fall in registrations. Private purchases weren’t quite so depressed, with a more modest 21.7 per cent drop. This is because manufacturers are prioritising private buyers, and it leaves the fleet versus private split at around 50:50.