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Sales Of New Cars Drop Due To Brexit Uncertainty

Car enthusiasts normally eagerly await the arrival of new cars on the forecourt so they can take their pick of the latest models.

However, Brexit has unsettled the market somewhat, with uncertainty over how Britain will leave the European Union (EU) causing new car sales to drop by 3.4 per cent.

According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), 458,054 new cars were registered in March 2019. This is significantly fewer than the 474,069 that were registered the year before, despite new number plates being issued last month.

Over the year, 701,036 new cars have been registered in 2019 compared with 718,489 in 2018, which represents a decline of 2.4 per cent.

Chief executive officer of SMMT Mike Hawes said that as March is an important month for new car sales “this fall is of clear concern”.

“We urgently need an end to the political and economic uncertainty by removing permanently the threat of a ‘no deal’ Brexit and agreeing a future relationship that avoids any additional friction that would increase costs and hence prices,” Mr Hawes stated.

Brexit is not just affecting the new car market, but also drivers who regularly drive on the continent.

UK licence holders should consider changing their current licence to a EU one before Brexit goes ahead, so they are still allowed to drive in Europe without first having to pass a driving test in each specific country they want to drive in.

Of course, if you are planning to take your motor abroad, it is essential you book it in for car servicing in Hillingdon to make sure it is in good working order before a long drive.

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