Ongoing supply-chain issues continue to batter the automotive industry, causing another sharp drop in new car registrations in the UK.
Some 124,394 new cars were registered last month - a 20.6% drop year on year and the second-weakest May in three decades after 2020, when dealerships were closed due to the pandemic.
That's according to the Society of Motor Manufacturers and Traders (SMMT), whose latest figures lay bare the impact on UK dealerships of the parts shortages that have crippled global production networks and caused new car prices to soar as manufacturers look to preserve margins despite a drop in output.
New car registrations were down 32.3%
