UK sees rise in car sales after dealership reopenings

UK sees rise in car sales after dealership reopenings

British new car registrations rose by roughly 11% year on year in July, according to preliminary industry data for the first full month that showrooms were allowed to reopen across the United Kingdom as lockdown measures eased.

YEAR-TO-DATE DEMAND IS DOWN AROUND 40 PERCENT

Dealerships reopened their doors to customers on June 1 in England, June 8 in Northern Ireland, June 22 in Wales and June 29 in Scotland.

July would be the first increase since December but year-to-date demand is down around 40% and the latest forecast predicts a full-year drop of around 30% in 2020.

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