Car sales still stuck in the slow lane
Friday 05 August 2011
Car sales fell by 3.5 per cent in July, the 13th consecutive month of declines as economic fears takes their toll on motorists, the Society of Motor Manufacturers and Traders (SMMT) said yesterday.
Just 131,634 vehicles rolled out of British showrooms last month, some 4,812 fewer than in July 2010, taking overall sales down by 6.7 per cent over the year to date.
In part, the gloomy data can be blamed on the end of the Government's scrappage incentive, which buoyed the recession-hit market in 2009 and 2010.
But car sales are also taking a big hit as wary consumers hold off on big-ticket purchases in the face of high inflation, weak wage growth and fears over Government cuts.
Without the support from fleet sales – up by a healthy 2.1 per centin July – the outlook would be darker still. Registrations of new private cars slumped by 9.2 per cent in uly, and 17.3 per cent over the yearso far.
But SMMT chief executive Paul Everitt says car sales will hit the 2011 forecast of 1.98m, thanks to improvements expected in the second half of the year.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Indian footballer Peter Biaksangzuala dies after injuring spine doing somersault celebration
- 2 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 3 Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
'Russian submarine spotted' by Swedish military off coast of Stockholm
Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver allegedly kicks gay couple off for kissing
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...