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UK new car sales in April lowest since 1946

BRITISH new car sales slumped by around 97 per cent in April to the lowest level of any month since February 1946 with factories and dealerships shut due to the coronavirus outbreak, industry data showed Tuesday (5).

Lockdown measures have been in place across Europe since mid-March to contain the pandemic, leading to the closure of many businesses and limiting people's movements.


In February 1946, just a few months after the end of World War Two, just 4,044 new cars were sold in Britain, which was still undergoing rationing and trying to rebuild after wartime destruction, under its first majority Labour government.

Last month, around 4,000 cars were registered with most of the sales being fleet purchases, according to preliminary data from the Society of Motor Manufacturers and Traders (SMMT).

That was the worst performance since February 1946 and compared with 161,000 cars in the same month of 2019.

The SMMT further downgraded its full-year forecast to 1.68 million registrations compared with last year's total of 2.31 million cars, a 27-per cent drop in sales.

The industry body added that car showrooms were closed for the lockdown -- which was implemented nationwide on March 23 -- but some deliveries did take place, particularly for fleets.

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TSB Bank

The Spanish-owned banking giant completed its £2.9 billion acquisition of TSB at the end of April.

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TSB name could disappear from UK high streets after Santander takeover

  • Santander is reportedly planning to phase out the TSB brand after its takeover.
  • The deal created one of Britain’s biggest retail banking groups.
  • Customers are not expected to see immediate changes for at least 12 months.

One of Britain’s oldest banking names could soon disappear from high streets after Santander UK reportedly moved closer to phasing out the TSB brand following its multi-billion-pound takeover of the lender.

The Spanish-owned banking giant completed its £2.9 billion acquisition of TSB at the end of April, marking the biggest investment in the UK banking sector in more than 15 years. According to reports, Santander now plans to eventually operate the combined business entirely under the Santander UK name once integration work is completed.

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