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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.

Aston Martin V8 Vantage S (2011) at 2011 Geneva motor show

Good news for fans of Aston Martin's V8 Vantage, and especially those who found it a touch slow: the new, musclier V8 Vantage S.  The Aston Martin Vantage S is a tweaked-up version of the regular Vantage, and a full production model. It's the fastest Vantage yet! The biggest change is under the bonnet. The 4.7-litre V8 now has a stouter 430bhp, which makes it 20bhp more powerful than the Vantage N24 and 30bhp up on the N400 special editions.

2015 Ford F-150 work to cost more at body shop

The 2015 Ford F-150 pickup that debuted at the Detroit auto show came in weighing about 700 pounds less than its predecessor. That means improved performance and better fuel economy, so that’s a win-win, right? Well, less than 10 percent of independent repair shops are certified, meet training requirements and have the equipment to work with aluminum body parts, according to Darrell Amberson, chairman of the Automotive Service Association.