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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.

Land Rover Freelander 2 hits 250,000. But is this the zenith?

250,000 Freelander 2s built It’s the car that started the whole compact SUV / softroader love affair back in 1997. Thankfully, the Freelander has come a long way since then, and the Land Rover Freelander 2 is a properly good car. So good is the Freelander 2 that Land Rover are celebrating the 250,000th Freelander 2 to roll off the production line today at Halewood.

Ford leads Consumer Reports list of Detroit 3 picks

Ford Motor Co. dominates a special list of Detroit 3 vehicle recommendations by Consumer Reports in its February issue. The magazine normally recommends cars in its April issue.