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UK auto industry body says new car sales rise in May, but below pre-COVID level
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(Reuters) – Britain’s new car sales still below pre-pandemic level despite a rise it witnessed in May from a year earlier, according to the preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT) on Monday.
(Reuters) – Britain’s new car sales still below pre-pandemic level despite a rise it witnessed in May from a year earlier, according to the preliminary industry data released by the Society of Motor Manufacturers and Traders (SMMT) on Monday.
The SMMT will provide the final figures for the month at 0900 GMT.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Sohini Goswami)
The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, and selling of motor vehicles. This includes car manufacturers, suppliers, and dealerships.
Market conditions refer to the various factors that influence the supply and demand of goods and services in a market. This includes economic indicators, consumer behavior, and competitive dynamics.
The Society of Motor Manufacturers and Traders (SMMT) is a UK trade association representing the automotive industry. It provides data, insights, and advocacy for its members, promoting the interests of the sector.
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