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SMMT statistics (May) - media comment

Commenting on the new vehicle sales statistics for May, Maxime Lemerle, Head of Insolvency and Sector Research at Euler Hermes, the world’s leading trade credit insurer, said:


“Our forecast is on track for a decline of six per cent in UK new car registrations in 2018, driven by low consumer confidence and economic uncertainty. Recent oil and fuel price increases may also be dampening rather than igniting demand."

“Growing sales for hybrid and plug-in electric vehicles will not be enough to reverse the market trend we’ve seen so far this year. The trend in decline in new car registrations is putting UK manufacturers and dealers at risk of being left behind compared to the European market, which we predict will see growth in new vehicle registrations of up to 2.2 per cent this year.”

 

Media contacts:

Euler Hermes PR contact
Adrian Russell
+44 (0)20 7860 2728
[email protected]


Public relations agency contact

Alastair Henry
+44 (0)161 235 0320
[email protected]

SMMT statistics - May - Media comment 217 KB
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Allianz Trade is the global leader in trade credit insurance and credit management, offering tailored solutions to mitigate the risks associated with bad debt, thereby ensuring the financial stability of businesses. Our products and services help companies with risk management, cash flow management, accounts receivables protection, Surety bonds, Business Fraud Insurance,  debt collection processes and  e-commerce credit insurance ensuring the financial resilience for our client’s businesses. Our expertise in risk mitigation and finance positions us as trusted advisors, enabling businesses aspiring for global success to expand into international markets with confidence.

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