The society of motor producers as well as Traders confirmed the UK’s best-selling automobiles for 2017 with the release of new vehicle registration figures for the year.
Overall vehicle sales fell 5.7 per cent in UK year-on-year in 2017, however while the industry declined for the ninth consecutive month in December, 2017 still shown to be the third most significant in a decade with 2,540,617 cars registered.
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The size of the UK market relative to previous years will be somewhat of a silver lining for the industry, which endured a turbulent year thanks to a number of contributing factors.
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Political uncertainty – mostly in the form of Brexit as well as the snap general election in may – has frequently been cited by producers as well as industry experts as a driving force behind falling sales. It’s thought that the upheaval had a negative impact on consumer confidence with the knock-on impact being a autumn in the number of automobiles purchased.
According to research, the risk of leaving the European Union without a trade contract might add £2,300 to the price of automobiles in the UK, while the expense of German cars in Britain might rise by 10 per cent under world trade Organisation rules.