New car registrations stall in July but recovery expected

The new car market stalled in July with registrations falling -5.0% to 140,154 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). The performance was the weakest for the month since 2022 and some -10.8% lower than in pre-pandemic 2019, demonstrating the market’s volatility and wider economic setting.…