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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.

Jaguar brand up 39 percent for April, Land Rover up 8 percent

Jaguar's U.S. sales rose 39 percent in April and Land Rover's sales rose 8 percent, compared with the same month a year ago. Land Rover reported 2,982 sales in April and Jaguar recorded 1,249 sales.

Mercedes S63 AMG and S65 AMG – the Video

  Mercedes S63 AMG and S65 AMG - the Video [ad#ad-1] We brought you news a few weeks ago from the Shanghai Motor Show, where Mercedes revealed their super-S Class models – the S63 Amg and S65 Amg. Well, not a company to do things by halves, especially when we’re talking about the top of the range S Class, Mercedes has released a promo film for the S Class AMG models – running to more than 20 minutes. As we told you last time, the S63 AMG and S65 AMG get the same facelift treatments as the rest of the range.