Car sales bonanza 'far from the truth'
Friday 06 August 1993
The warning is in sharp contrast to the enthusiastic comments made by dealers throughout this week. The Retail Motor Industry Federation said yesterday that first-week sales of 'L' registered cars were very encouraging. However, the RMIF's official forecast for the month remains unchanged at 400,000, compared with 373,000 in August 1992.
The SMMT reported a 7.03 per cent increase in July's new car sales to 35,376 from 33,051 a year earlier. Imported cars took almost 55 per cent of the market, up from 52 per cent in July last year.
July's sales figures are traditionally low, with potential buyers waiting for the new registration plates. Mr Whalen said: 'The figures do confirm, however, that sales continue to show a modest growth compared with the disastrously low levels last year.' New car sales in the seven months to 31 July were 874,411, a rise of 9.06 per cent over the same period in 1992.
Mr Whalen said car makers need an urgent upturn in overseas sales to prevent further production cuts. He said the SMMT was not calling for an immediate interest rate cut in the UK but a cut would be needed if the pace of economic recovery slowed.
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 3 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 Ian Brady: Moors murderer announces his support for Ukip and the SNP
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Russian hack of President Obama's emails worse than previously admitted
Ian Brady: Moors murderer announces his support for Ukip and the SNP
UK weather: Britain braced for snow as arctic air mass moves in
Nepal earthquake: US Pastor Tony Miano sparks outcry by suggesting Nepalis should not rebuild their 'pagan shrines'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...