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Auto Sales In Britain Close To Zero In April

From forbes.com

Sales of cars and SUVs in the U.K. were almost zero in April, probably no surprise given the entire manufacturing industry had shut down, dealerships were closed and most of the population remained at home. Most of the actual 4,321 vehicles sold in April were to companies buying to renew their fleets, so were ordered long before industry shutdown because of the coronavirus. The Society of Motor Manufacturers and Traders, which speaks for the U.K. auto industry, said sales in April were 97.3% down on the same month of 2019. Sales for the year are now expected to slide to 1.68 million compared with 2.3 million in 2019. ... (full story)

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  • Category: Fundamental Analysis