New car registrations shrink for first year in ten

Tue, 07 Jan 2020

New car registrations in 2019 posted their first calendar-year decline in a decade as tailwinds supporting earlier record sales subsided, Motor Industry Association figures show. Some 154,479 new passenger and commercial vehicles were registered last year, down from a record 161,519 in 2018, the association said. That was the first annual decline since 2009, when new car sales plummeted 28 percent as the local economy tanked amid the global financial crisis.“As expected, for 2019 the market was down 4.3 percent on 2018," MIA chief executi...

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