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May 2009: UK new car sales and trends analysis

By Peter Adams Motor Industry 04 June 2009 12:00 The scrappage scheme was supposed to give the UK car market a massive boost, but latest figures out today show new car registrations are still down by more than a quarter. The Society of Motor Manufacturers and Traders (SMMT) reports that new car registrations fell 24.8% in May 2009 to 134,858 units. However, this fall marks an improvement on earlier months of the year.

New Honda Civic Type R Concept previews production Type R

The new Honda Civic Type R Concept previews production Type R We had a concept Civic Type R at Geneva earlier this year, but this latest Honda Civic Type R Concept – heading for a debut this week at the Paris Motor Show – almost certainly preview the full production Civic Type R due to arrive in Honda showrooms in 2015. Honda has made sure this Type R Concept is anything but a shrinking violet, giving it a startling blue paintjob with red highlights and keeping the statement massive rear wing intact, complete with quad tail pipes, aggressive rear diffuser and butch body kit. Under the skin of the front-wheel-drive Type R will be a new 2.0-litre i-VTEC which offers more than 278bhp – enough, it’s expected, for a sub-6 second 0-62mph – mated to a 6-speed manual gearbox with a new steer axis control at the front which minimises torque steer so you can get the power down properly.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.