New Car Sales Down Across Globe
Major falls reported on both sides of the Atlantic
Top of the list was Spain, suffering a drop of 40% on the same month last year. Close behind came Italy, reporting an 18.9% drop. France felt less of a sting, however a 7.3% drop is still significant and includes larger relative slumps in sales of home-grown manufacturers such as Peugeot (down 8.6%) and Renault (down 12.6%). Belgium also reported a 6.8% decrease in sales.
Meanwhile over in the US, all of the 'big 3' manufacturers are feeling the pinch. Ford reported drops of close to 35% compared with the same period last year, with GM close behind on 32% and Chrysler sales 31% down. This comes despite desperate attempts from the US auto industry to raise sales by offering tempting 0% finance packages, even in these times when credit is getting harder to come by.
UK figures for October have not yet been fully released, but are expected to follow the pattern seen in September, when new car registrations fell by 21% to a slim 330,295 units.
'Government action is now needed to restore consumer confidence and boost demand in the real economy,' said Paul Everitt, chief executive of the British Society of Motor Manufacturers and Traders. Most analysts predict that 2009 spells an even tougher year for motor manufacturers as the global economy continues to grind to a halt.
king bankersThe investors from Sept 11 moved their cash to Dubai as far as I was aware, which seems to be doing just swimmingly. w
ker bankers playing Bond in their casino (which is now tax payers money) went and pissed it up the wall - tremendous...As mentioned above, some good deals to be made if you can afford a new car outright.
king bankersThe investors from Sept 11 moved their cash to Dubai as far as I was aware, which seems to be doing just swimmingly. w
ker bankers playing Bond in their casino (which is now tax payers money) went and pissed it up the wall - tremendous...As mentioned above, some good deals to be made if you can afford a new car outright.
I would quite happily buy a car, not a new one though, 'nearly new' but like people have been saying the trade-in value i would get for my car just does'nt make it worth while! So i will be keeping hold of mine ta.
Maybe, if cars wernt so bloody expensive in britain (compared with most of the other countrys) we would all be more happy to be buying cars.
king bankersThe investors from Sept 11 moved their cash to Dubai as far as I was aware, which seems to be doing just swimmingly. w
ker bankers playing Bond in their casino (which is now tax payers money) went and pissed it up the wall - tremendous...As mentioned above, some good deals to be made if you can afford a new car outright.
Banks have been given a big helping hand by the UK Government to which each tax payer apparently owns £16.5k of shares (which they can't sell). With this money big w
ker bankers are getting their bonuses (funded by the tax payer) instead of paying everyone in the company a reasonable pay off. Was it Lloyds who took their top performing guys and girls to Harrods to go shopping and then 4 x 5* Hotel stays after being bailed out by the Tax Payer? I don't care that they earn alot, I care that they are still acting like asses and spending tax payers bail out on drink and hotels. A programme Manager in Construction earns the same if not more than many bankers but their actions don't balls up the economy.Bankers - go f
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