Cars
The month of October seems to be turning into a nightmare for the auto industry worldwide. A few days after we learned that U.S. auto sales plummeted 32% in October to the lowest monthly for nearly a quarter of a century, London-based Society of Motor Manufacturers & Traders (SMMT) announced that U.K. registrations of new cars plunged 23% to 128,352 in October from 166,797 a year earlier. "October has proved another difficult month for the UK motor industry and action is needed to help restore consumer confidence and encourage buyers back to the showrooms," said Paul Everitt, SMMT chief executive.
- European Automakers Demand A Fair Deal In Emerging Auto Markets
At a recent meeting of the European Automobile Manufacturers Association (ACEA), industry leaders voiced their concerns over government assistance, high import tariffs and other trade barriers in newly minted auto markets such as China, India and South...
- Uk Car Sales In March Plunge 30.5 Percent
New car registrations in the U.K. fell 30.5 percent in March compared to the same month last year to 313,912 units, as the recession crippled demand. The overall drop in car sales from the beginning of the year (January to March) is 29.7 percent or 200,000...
- Uk Auto Sales Plunge 36.8% In November
New car registration in the U.K. (England, Northern Ireland, Scotland and Wales) fell 36.8% in November to 100,333 units as the recession, or at least the fear for it, drove British buyers away from showrooms. Year-to-date volume in the United Kingdom...
- Chrysler Llc's U.s. October Sales Down 35%
As if Chrysler LLC doesn't have enough probblems to worry about, now it has to deal with the overall decline in U.S. auto sales. The firm which comprises the Chrysler, Dodge and Jeep brands reported total October 2008 U.S. sales of 94,530 units, down...
- Top 10 Best-selling Cars In The Uk - October 2010
As was the case in September, declining car sales in the United Kingdom are only declining in the face of artificially inflated car sales from October 2009. Britain's Scrappage Incentive Scheme boosted new car sales so current numbers appear underwhelming....
Cars
New U.K. Car Sales Tumble 23% in October
The month of October seems to be turning into a nightmare for the auto industry worldwide. A few days after we learned that U.S. auto sales plummeted 32% in October to the lowest monthly for nearly a quarter of a century, London-based Society of Motor Manufacturers & Traders (SMMT) announced that U.K. registrations of new cars plunged 23% to 128,352 in October from 166,797 a year earlier. "October has proved another difficult month for the UK motor industry and action is needed to help restore consumer confidence and encourage buyers back to the showrooms," said Paul Everitt, SMMT chief executive."Cuts in interest rates that are swiftly passed on to consumers, scrapping planned increases in VED and maintaining public expenditure on new vehicles are essential parts of the package required by industry. There is also a clear role for European action to support continued investment in new, lower carbon vehicle technologies," Everitt added.
Year-to-date auto sales in the U.K. are down 8.8% to 1.92 million vehicles. The SMMT also lowered its 2008 sales forecast by 4.9% to 2.15 million vehicles, the lowest estimate for more than a decade.
- European Automakers Demand A Fair Deal In Emerging Auto Markets
At a recent meeting of the European Automobile Manufacturers Association (ACEA), industry leaders voiced their concerns over government assistance, high import tariffs and other trade barriers in newly minted auto markets such as China, India and South...
- Uk Car Sales In March Plunge 30.5 Percent
New car registrations in the U.K. fell 30.5 percent in March compared to the same month last year to 313,912 units, as the recession crippled demand. The overall drop in car sales from the beginning of the year (January to March) is 29.7 percent or 200,000...
- Uk Auto Sales Plunge 36.8% In November
New car registration in the U.K. (England, Northern Ireland, Scotland and Wales) fell 36.8% in November to 100,333 units as the recession, or at least the fear for it, drove British buyers away from showrooms. Year-to-date volume in the United Kingdom...
- Chrysler Llc's U.s. October Sales Down 35%
As if Chrysler LLC doesn't have enough probblems to worry about, now it has to deal with the overall decline in U.S. auto sales. The firm which comprises the Chrysler, Dodge and Jeep brands reported total October 2008 U.S. sales of 94,530 units, down...
- Top 10 Best-selling Cars In The Uk - October 2010
As was the case in September, declining car sales in the United Kingdom are only declining in the face of artificially inflated car sales from October 2009. Britain's Scrappage Incentive Scheme boosted new car sales so current numbers appear underwhelming....