UK Car Sales Fall For First Time In 12 Months
Filed Under : uk automotive car parts by admin
Aug.6,2010
Registrations of new car in Britain fell for the first time in a year last month, this was also the month that the Government withdrew its scheme to prop up sales.
Number fell around 13.2% on the year total last month to around 136,446 vehicles and the recent budget announcement may prevent people from investing in new cars.
Howard Archer, economist at IHS Global Insight said:
The more worried that consumers are, the less likely they will be prepared to splash out on as big-ticket an item as a car."
An obvious link can be found between the decline in sales and the Governments decision to get rid of the scrappage scheme that had been helping the motor industry. Despite this initiative ending in March sales had remained steady thanks to large demand from the fleet market.
However this has started to fall as well, business registrations have also fallen to the tune of around 6.5%.
Experts at SMMT (Society Of Motor Manufacturers) said:
"Subdued consumer confidence and a still fragile economic recovery make the outlook for the remainder of 2010 challenging, but a stronger than expected first half means full year volumes are still forecast to exceed 2009′s total."
With car sales now decreasing many people will be trying their hardest to keep their current vehicles on the road in a bid to save money. Services such as CarSpareFinder should be the first port of call if you need replacement parts for your car. Fill in a query form online or phone up and they will search dealers nationwide to find the part you need at the best price, saving you time and money
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