New Car Sales Plummet As Expected
On average last month saw 20% fewer new cars sold than over the same period last year but this base figure seems to hide some real pain for the big players. It seems as though BMW (down 40%), Jaguar (down 41%) and Land Rover (down 58%) were the big losers but we also saw Mercedes-Benz new car sales fall by 35%. This is also on top of with the price reductions which had been mooted for some time!
While there is an obvious move towards smaller, greener more efficient cars it seems as though the government stance on road tax has finally started to hit home. The larger cars are not attracting anywhere near as much attention as they have in the past and many people are looking to downgrade and downsize.
Only a few years ago the UK car industry was enjoying something of an Indian summer with sales picking up, billion pound mergers and prices very steady. Oh how things have changed over the last two years with many observers suggesting that there has been a fundamental long term change in the UK car industry which seems to be in terminal decline. When did you last buy a new car?
Share this..
Related stories
People seeking help with payday loans up 82pc
Debt charity, StepChange, has said the that the number of people seeking help with payday loans has soared by 82pc in the last year, with a total of 66,557 people who took out a payday loan seeking help from the charity in 2013. Worryingly, the average person also had a total of three loans, and an average debt totalling £1,647. Chief executive at StepChange, Mike O’Connor, commented: “...
Read MoreNew ID cards don't mention Britain
When Jacqui Smith stepped forward to launch the UK's first official ID card you might have been mistaken for thinking that she had picked up the wrong card. There is no mention of Britain, no evidence of a Union flag and to be honest you would not have a clue which country it related to without the press release which was attached. It seems that we will have to pay for the privilege of advertisi...
Read MoreUK government performs U-turn on MP's expenses
Just days after the appearance of press reports indicating that Gordon Brown was to push through an exemption for the publication of MP's expenses the government has today performed a massive U-turn on the issue. Under the cover of blaming the Tory party for the withdrawal of " joint support" for the exemption, Gordon Brown was today forced to announce that literally millions of MPs expenses over...
Read MoreOrange and T-Mobile merger set to receive regulatory approval
Despite the fact there are worldwide concerns about the merger of Orange and T-Mobile in the UK it is believed that European regulators will this week wave through a deal between the two companies. There have been a number of concerns raised regarding not only the mobile telephone market but also the mobile broadband industry which many believe is set for significant growth in the short, medium an...
Read MoreWill The Banks Leads Us Out Of The Economic Downturn?
There are many in the UK who blame the reckless tactics and strategies of the UK banking sector for the ongoing economic downturn. Traditionally the banks might be expected to bring us out of the slowdown but it seems as though the government and the regulators have different ideas.
While there is no point introducing stricter guidelines with the economy struggling at low levels, i...