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Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.

It’s a Merry McLaren 12C Christmas

McLaren has come up with a range of accessories for McLaren owners and enthusiasts from watches to jewellery and clothing. Inspired by the McLaren 12C, there’s everything from a Tag Heuer watch – the CARRERA MP4-12C Chronograph – with carbon based dials and sapphire crystal inserts (a snip at £8995) to a selection of ladies and mens rings, and cufflinks, that McLaren’s shopping site wouldn’t let us see the price of. At the slightly more affordable end of the scale you can opt for a set of McLaren luggage with silver trim (£3950) or a McLaren luggage brief case at £1350.

McLaren MP4-12C (2011): the first official P11 story

By Tim Pollard First Official Pictures 08 September 2009 23:59 The two-seater MP4-12C doesn’t go on sale until early 2011, when it'll wade into what McLaren Automotive calls the ‘core sports car market’ spanning from £125,000-£175,000. Expect a pricetag around £160,000, pitching it a notch above Ferrari’s new 458 Italia. Why so expensive?