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According to the British Association of Automobile Manufacturers and Distributors (SMMT), sales of new cars in Britain in 2018 fell at the fastest rate since the global financial crisis 10 years ago, hampered by falling demand for diesel vehicles, stricter emission regulations and a blow to consumer confidence by Britain's withdrawal from Europe.
Preliminary data from SMMT show that demand for new cars fell by nearly 7% to 2.37 million in 2018, the biggest drop since registration fell by 11.3% in 2008.
Among them, nearly 30% drop in demand for diesel vehicles is the biggest factor. The Volkswagen Volkswagen (Fox/VOLKSWAGEN) (VOWG_p.DE) emission fraud scandal in 2015 triggered exclusion of diesel vehicles and higher tax rates, which hit the diesel vehicle industry hard.

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