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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.

Audi Q4 ‘Coupe’ SUV previewed in design sketches

Is this Audi Concept, heading for Beijing, the new Audi Q4 Audi are taking the ‘Design Sketch’ route for their tease of a new concept heading for this month’s Beijing Motor Show, which almost certainly portray a concept version of a forthcoming Audi Q4. Apart from the sketches, Audi are being tight-lipped about what they’re taking to Beijing, but it certainly looks like a high-riding SUV concept with a more coupe roofline than either the Q3 or Q5. In fact, this new Audi Concept looks very like the Audi Allroad Shooting Brake Concept we saw at Detroit in January and points firmly to Audi looking to extenbd its reach in to ‘Lifestyle’ SUVs with more desighn than practicality.Which is no surprise – Audi love a niche, especially one that’s growing.

Ferrari LaFerrari lands in China: Shanghai Motor Show

Ferrari’s hybrid supercar was as eagerly received as it was in Geneva, with a sea of photographers, press and visitors thronging to get a glimpse of what is undeniably an impressive ‘F70′ from Ferrari. But looking good is perhaps the second ‘must have’ for a supercar – especially one that replaces the Enzo – and LaFerrari looks to deliver on the number one priority for most supercar buyers - performance. With 798bhp from its naturally aspirated V12 and an extra 161bhp from its electric motor, LaFerrari promises a dose of green credentials – important, to a degree, on China’s polluted roads – to go with its performance and handling, performance that can see the car it get to 62mph in under 3 seconds and on to a 186mph in an even more impressive 15.5 seconds.