The car industry says an extension of the furlough scheme would help manufacturers enormously as production continues to be hit by the COVID-linked shortage of semiconductors globally.
According to a report on sky news, the car industry has revealed a 22% slump in new car sales during August as the sector continues to battle supply shortages due to the coronavirus pandemic.
The Society of Motor Manufacturers and Traders (SMMT) said just 68,033 vehicles were registered last month – compared with more than 87,000 in August 2020 – as the economy emerged from COVID pandemic restrictions.
It represented the weakest sales in pplAugust since 2013, the industry body said.
August is traditionally one of the quietest months of the year for new car sales ahead of the important plate-change this month that sees the ’71 number emerge on the roads for the first time.
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The industry said sales were 20% up in the year to date when compared with the same period in 2020 – an encouraging figure despite production being hampered by the global shortage of semiconductors and the so-called “pandemic” this year.
One bright spot last month was demand for greener cars as sales of hybrid and battery models continued to surge as the clock ticks down to the 2030 ban on the sale of new cars powered by conventional petrol and diesel engines.