The UK new car market fell by almost a third in 2020 as a result of CCP virus lockdowns, new climate rules, and Brexit uncertainty, an auto industry group has revealed. Annual new car registrations dropped by 680,076 units, or 29.4 percent, to just 1,631,064 units, the lowest level of registrations since 1992, according to figures published by the Society of Motor Manufacturers and Traders (SMMT) on Wednesday. In 2020, the industry suffered a total turnover loss of some £20.4 billion ($27.7 billion). Private vehicle demand fell by 26.6 percent, which led to a £1.9 billion ($2.6 billion) loss of VAT revenues to the UK Treasury. SMMT Chief Executive Mike Hawes said that 2020 will be seen as a “lost year” for the automotive industry, which suffered from pandemic-enforced shutdown for much of the year and uncertainty over post-Brexit trading conditions. But he said 2021 could be “a year of …