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UK car sector slashes 2020 sales forecast by 23% due to coronavirus

Reuters - UK Focus
Updated

LONDON, April 6 (Reuters) - A group representing Britain's car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis.

The figure represented a 25% fall from the number of new car registrations in 2019, the Society of Motor Manufacturers and Traders said on Monday.

Sales in March fell 44% compared with the same month last year to 254,684 units, while first-quarter sales were down by 31% to 483,557, it said. (Reporting by William Schomberg, editing by David Milliken)