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Business and consumer demand for new cars declined in 2017

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Demand for new cars fell 6.8% last year, the first drop in six years.

Sales of business fleet purchases dropped as well by 4.5%. Total new car registrations fell 5.7% to just over 2.5 million cars.

This decline can be attributed to the unknown future of diesel/diesel levies and Brexit uncertainty, according to the Society of Motor Manufacturers and Traders (SMMT).

The CEO of the SMMT, Mike Hawes, said that 2017 was a “lacklustre” year and that further weakening is to be expected in the market for 2018.

Business registrations saw the biggest fall with a 7.8% decline. These figures are an issue, but even so, demand is still at a historically high level, says Mike Hawes.

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