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UK Car Registrations Decline In February: SMMT

UK new car market dipped in February, the Society of Motor Manufacturers and Traders (SMMT) said Monday.

Car registrations declined 2.8 percent year-on-year to 80,805 units in February.

The agency said February is traditionally one of the quietest months of the year ahead of the March number plate change.

Year-to-date market for new cars declined 5.1 percent, with 244,420 units registered nationwide, SMMT said.

"Looking ahead to the crucial number plate change month of March, we expect a further softening, given March 2017 was a record as registrations were pulled forward to avoid VED changes," Mike Hawes, SMMT chief executive, said.

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