From the Society of Motor Manufacturers and Traders (SMMT) in the UK.
said new car registrations fell 2% to 1.61 million units in 2022, new car sales lowest since 1992
about 700,000 units below the pre-pandemic total hit in 2019
for December alone though, +18%
SMMT citing:
- shortages of parts over the last two years, in particular semiconductor chips
- rising inflation and a cost-of-living crisis
SMMT expect 2023 to be much better, projecting new car sales could grow 15% in 2023 as supply-chain issues ease:
