Hyperdrive
The UK Car Market Is Heading for Its Worst Sales Year Since 1982
- Trade group cuts deliveries forecast for third time this year
- Persistent supply issues, surging inflation weigh on buying
An automobile dealership, in Lincoln, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Automakers are on course for their worst year of UK sales in four decades as supply-chain issues hamper output and a growing cost-of-living crisis puts off buyers.
The Society of Motor Manufacturers and Traders trade group on Friday cut its full-year outlook for new-car registrations for a third time in seven months to 1.57 million, the lowest since 1982.