Car Sales In The UK Are Sluggish In September, Potentially Losing IDR401.10 Trillion In Revenue At The End Of The Year

Illustration. (Photo: Unsplash)

JAKARTA - Car sales in England in September were still sluggish, according to the expression on the face of Mohamed Salah, who despite scoring two goals, Liverpool were still slaughtered with a score of 7-2 from Aston Villa. Sales of four wheels in the UK have fallen consecutively since August following weak demand.

Quoting Bloomberg, Monday, October 5, preliminary data from the Society of Motor Manufacturers and Trades (SMMT) noted that car sales still fell 4 percent in September, following a 5.8 percent drop in August.

This continued decline seems to indicate that the economy of Queen Elizabeth has not yet recovered, resulting in sluggish demand due to pressure from the COVID-19 pandemic. This is despite the fact that September should be an important month for car retailers in the UK, as the year-end change in license plates usually spurs purchases.

Even the decline in September this year was the weakest compared to September's data in the last 20 years, since the two-plate system was introduced.

New car registrations in July resulted in the first monthly sales gains this year as car showrooms reopened after a months-long lockdown.

While the July boost provided some hope for the auto industry, which has faced workforce and production capacity cuts in the face of the pandemic, the most recent September data suggests that the positive sentiment is only limited.

The percentage decline in September was limited by sluggish sales in the previous year's shares, with a drop of 16 percent when compared with the 10-year average.

The data from SMMT also states that the automotive industry in the UK is faced with a potential loss of revenue of more than 21 billion pounds (IDR 401.10 trillion) by the end of 2020.