UK car sales rebounded in July as dealers benefited from coronavirus lockdown easing, while sales of battery electric vehicles continued to surge.
British new car registrations rose by about 11% year-on-year in July, with almost 175,000 sales, according to data released by the Society of Motor Manufacturers and Traders (SMMT), the industry lobby group.
The reopening has provided some welcome relief for the industry, and the July figures also suggest that the jump in sales of electric cars recorded in the first half of the year will endure beyond lockdowns. Tesla’s Model 3 electric car briefly topped sales charts while traditional dealerships remained closed.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.