British new car sales recorded their biggest drop since 2009 last year, falling 5.7 percent due to uncertainty over potential new diesel charges and weakening consumer confidence since Brexit, an industry body said on Friday.FDemand for new diesel cars plunged 17.1 percent, and with some buyers switching to petrol motors, average CO2 emissions for new cars rose for the first time in two decades, the Society of Motor Manufacturers and Traders (SMMT) said.Total registrations ended 2017 at 2.54 million, with drops among both business and private consumers, and are set to fall up to 7 percent this year, the SMMT forecast.
Source: UK new car sales record biggest drop since 2009 – Reuters
US Jobs Report Eyed After Strong Start to 2018
U.S Dollar Seeks Guidance From NFP
DAX Rallies to 2-Week High, German Retail Sales Sparkles
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.