Print Edition - 2017-04-06  |  Money Digest

UK car sales up 8.4pc in March

- AFP, LONDON

Apr 6, 2017-

New car sales in Britain accelerated in March to a record high, industry data showed on Wednesday, as motorists upgraded before a tax overhaul that is expected to ramp up prices. Sales rallied 8.4 percent last month to 562,337 vehicles from a year earlier, industry body the Society of Motor Manufacturers and Traders (SMMT) said in a statement. New vehicle excise duty (VED) rates came into force on April 1. Research from the RAC roadside breakdown service indicates that most drivers purchasing new cars will pay significantly more. “These record figures are undoubtedly boosted

by consumers reacting to new VED changes, pulling forward purchases into March, especially those ultra-low emission vehicles that will no longer benefit from a zero-rate fee,” said SMMT Chief Executive Mike Hawes.

Published: 06-04-2017 09:50

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