New car market stalled last month costing 350 million in turnover - London Business News | Londonlovesbusiness.com
Briefly

The SMMT figures reveals that in October 144,288 new cars were registered compared to 153,529 in the same period last year which is a £350 million loss in turnover for the industry.
SMMT chief executive Mike Hawes said, "Massive manufacturer investment in model choice and market support is helping make the UK the second largest EV market in Europe."
EVs already work for many people and businesses, but to shift the entire market at the pace demanded requires significant intervention on incentives, infrastructure and regulation.
Ian Plummer, commercial director at Auto Trader, stated, "October new car sales are lagging, although electric vehicles are taking a bigger share of the market thanks to heavy discounting."
Read at London Business News | Londonlovesbusiness.com
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