Economics
Brexit Turns Off U.K. Car Buyers With Worst March Since 2013
- Registrations during bellwether month drop 3.4%, SMMT says
- Consumers holding back hurt companies like EasyJet, Saga
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The approach of Brexit and concerns over the future of diesel vehicles pushed demand for cars in the U.K. to a six-year low last month.
Sales dropped 3.4 percent year-on-year to 458,054 passenger vehicles as consumers stayed away from showrooms during what’s usually a strong month for new purchases because of a number plate changeover, the Society of Motor Manufacturers and Traders said.