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By historical standards, new car registrations are still at pretty high levels. The steep fall in March might be a glitch. However, the overall trend cannot be ignored - and that is what the industry will be worried about.
Mike Hawes, SMMT chief executive, said: "March's decline is not unexpected, given the huge surge in registrations in the same month last year.
"Despite this, the market itself is relatively high with the underlying factors in terms of consumer choice, finance availability and cost of ownership all highly competitive.
"Consumer and business confidence, however, has taken a knock in recent months and a thriving new car market is essential to the overall health of our economy.
http://www.bbc.co.uk/news/business-43643741
Mike Hawes, SMMT chief executive, said: "March's decline is not unexpected, given the huge surge in registrations in the same month last year.
"Despite this, the market itself is relatively high with the underlying factors in terms of consumer choice, finance availability and cost of ownership all highly competitive.
"Consumer and business confidence, however, has taken a knock in recent months and a thriving new car market is essential to the overall health of our economy.
http://www.bbc.co.uk/news/business-43643741