8th September 2010

New car sales down

posted in Car Rental |
The ongoing effects of the economic downturn have once again impacted on sales of new cars. New vehicle sales declined in August, with further falls predicted for the remainder of the year as Britain steels itself for an increase in VAT and watches its spending following the austerity budget. Last month saw a total registration of 55,305 new cars, a 17.5 per cent decrease on comparative figures from the same period a year earlier, which was fuelled by significant car scrappages, says the Society of Motor Manufacturers and Traders (SMMT). The August drop came on the back of a similar decline in [...]
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