Economic Buzz: UK Car Registrations Fall For Fifth Month: SMMT

UK car registrations declined for a fifth straight month in January, as increased demand from private buyers failed to offset the fall in business and fleet registrations, figures from the Society of Motor Manufacturers and Traders, or SMMT, showed on Tuesday. New car registrations fell 1.6 percent year-on-year to 161,013 units. Private buyer demand rose 2.9 percent, while bookings from business and fleet buyers decreased 33.5 percent and 3.4 percent, respectively.