UK new car registrations plunge in weakest September since 1998

car sales

New data has found new UK car registrations to plummet by 35% year-on-year this September due to global shortages of semiconductors.

It’s the weakest September for 23 years – a time when car sales are usually strong as people often buy at this time of year to have the latest number plate.

The Society of Motor Manufacturers and Traders said that 214,000 units were sold in September. The SMMT has also said that over 32,000 battery-powered cars were registered last month, which is a new record.

Car sales across Turkey and Italy were also low last month as countries across the world have been hit by the shortages of semiconductors.

The final registration data will be released by the SMMT later on Tuesday.

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Safiya Bashir
Safiya focuses on business and political stories for UK Investor Magazine. Her interests include international development, travel and politics.