Best year for UK car sales since the COVID-19 pandemic

<p>Data comes via the UK's Society of Motor Manufacturers and Traders (SMMT)</p><ul><li>1.9 million vehicles were sold in 2023, up 17.9% y/y</li><li>For December alone, new car sales +9.6%y/y</li></ul><p>Easing supply chain issues helped fulfil pent-up demand for fleet vehicles.</p><p>Despite these improvements in results new car sales are still lower than pre-pandemic numbers. </p><p><a href="https://www.reuters.com/world/uk/uk-records-best-year-new-car-sales-since-pandemic-smmt-2024-01-05/" target="_blank" rel="nofollow">More here </a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.