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It may come as a bit of a surprise to see that new car sales grew strongly in March in light of the prevailing economic news and the rising cost of living. Look a little deeper, and the reality is that many of these cars will have been ordered some months back, with lengthy delays in new vehicle orders, created by a worldwide shortage of essential microchips, a continuing trend. The other fact to recognise is that March’s relative success still sees new sales remaining 22 percent behind pre-Covid levels in 2019.