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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.

Vote in our greatest supercar of 2010 poll

It’s the year of the supercar. 2010 heralds first UK deliveries of spectacular supercars from Ferrari, Lamborghini, Mercedes-Benz and Porsche. Plus we’re counting down to Lexus’s first hypercar, Aston’s £1m rival to the Bugatti Veyron, and McLaren’s successor to arguably the greatest of all time, the F1.

Booming British car market hits nine-year high in 2014

By James Fallon Motor Industry 04 July 2014 11:44 British new-car sales continue to rise, new figures out today revealed. In the first six months of 2014, a total of 1,287,265 new vehicles were registered – a 10.6% increase on the same six-month period in 2013 and the highest total in almost a decade. And the boom is showing no signs of tailing off; during June 2014, new-car registrations rose 6.2% to 228,291 and the Society of Motor Manufacturers and Traders expects the trend to continue throughout the year as the economy continues to bounce back.