Jonathan Moss said:
"The UK new car market is down again with a year on year decrease in June of 4.9% in new car registrations. Notably diesel registrations have declined 20.5% since the same point last year. There is some respite with battery electric vehicles ("BEVs") rising by 61.7% but with BEV's having only 1.1% of market share, there is little reason to be cheerful. The alternatively fuelled vehicle ("AFVs") sector fell into negative growth for the first time since April 2017.
"This is a perfect storm with the open sore of Brexit showing no sign of healing and the US – China trade war successfully suppressing car manufacturers' appetite for growth. These figures are a dramatic call for long term investment incentives and innovative plans to encourage the growth in alternative fuel transportation."
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DWF is a global legal business providing complex, managed and connected services, operating from 27 key locations with approximately 3,200 people. The Company became the first Main Market Premium Listed legal business on the London Stock Exchange in March 2019. Pre-IPO, DWF recorded revenue of £236 million in the year ended 30 April 2018. For more information visit: dwfgroup.com