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UK new car sales fell 9% in July as supply chain problems continue

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theguardian.com

Sales of new cars in the UK fell by nearly a 10th in July because of supply chain problems, forcing the industry body to cut its full-year forecast even though it expects chip shortages to ease in the coming months.New car registrations in July fell 9% from a year earlier to 112,162 vehicles, as shortages continued to hamper carmakers’ ability to fulfil orders, according to the Society of Motor Manufacturers and Traders (SMMT).

Sales fell for the fifth month in a row, although the decrease was the smallest recorded this year.Large corporate fleets registered a 18.2% decline, to 50,014 vehicles, while sales to consumers held steady at 59,847.A global shortage of semiconductors, exacerbated by Covid lockdowns in important manufacturing and logistics centres in China, along with the disruption caused by Russia’s invasion of Ukraine, all restricted production of new cars.The SMMT said the first half of 2022 had been tougher than anticipated, and cut its full-year forecast for new car sales to 1.6m, down from 1.72m.

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