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UK: April car registrations fall 24%

  New car registrations fell an annual 24% in April to 133,475 units, the Society of Motor Manufacturers and Traders said on Thursday.

Registrations in the first four months of this year fell more than a quarter, the SMMT said, highlighting the impact of the recession.

The lobby group is hoping a government-backed car scrappage scheme, which allows motorists to apply for a two thousand pound discount on a new car when they trade in a car more than 10 years old, will boost sales in the coming months.

“Today records the eleventh successive fall in new car registrations,” said Paul Everitt, SMMT chief executive. “Despite the tough conditions, industry is hopeful that its prospects will improve in the coming months and the steps it has taken will provide the basis for a sustained recovery once growth returns.” (Reuters)