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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.

2013 facelift for BMW Z4 & new Z4 M35i

BMW are planning to facelift the Z4 for 2013 and add a new M Performance model – the BMW Z4 M35i – to replace the Z4 sDrive35iS. Four years since the current BMW Z4 was launched at the Detroit Motor Show in January 2009, it looks like BMW’s roadster is getting a facelift to keep it fresh, and a new M Performance model – the BMW Z4 M35iS. Changes to the 2013 Z4 are likely to be modest, with the usual facelift fare of new bumpers, new lights, new alloys, titivated ‘more upmarket’ interior and tweaks to the engines to offer more power with better economy and lower emissions.

Ford B-MAX off to a strong start in UK

The new Ford B-Max compact people carrier is off to a strong sales start in the UK, with 1,000 already delivered to customers. And that eye-catching advert (we’ve posted it below – Ford in Europe need all the help they can get to garner sales!) will no doubt raise awareness of the long-awaited replacement for the old Fiesta-based Fusion MPV and help make the B-Max a success for Ford in a segment they once dominated, but which they’d left to wither on the vine. But eye-catching  advert for the new B-Max or not, the B-Max is already selling well with over 1,000 cars delivered to customers in the last few weeks and orders for 2500 cars received by Ford in the UK before the B-Max even appeared in showrooms.