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Production output decline slowing

By Alex Michaelides Motor Industry 24 July 2009 12:09 It appears there may be some light at the end of the tunnel for ailing car manufacturers as the most recent vehicle production figures are released. The data, presented by the Society of Motor Manufacturers and Traders (SMMT), show that, while production levels are still on the decline, the pace at which they are declining is slowing. Car production figures for June 2009 are still down by 30.2% compared with this time last year, however this is an improvement on the 50.2% by which production is down so far this year.

Used car market pressure eases

AN INCREASE in the number of used cars coming into the market has “taken the edge off prices” and calmed some corners of the industry, according to used car pricing experts CAP. A greater influx of part-exchange cars arriving at dealers is partly responsible, and with many franchised dealers focusing for the time being on selling those vehicles, competition to acquire stock on the open market has decreased. CAP reports that the pressure has been lifted on some dealers who had become frustrated at how expensive it was becoming to source cars at fair prices.

Skoda confirms prices for two new models

SKODA has announced prices for its two latest models; the Rapid Spaceback and the facelifted Yeti. The Spaceback, which is 180mm shorter and smaller of boot than the ‘notchback’ Rapid, is designed to be the brand’s long-awaited direct rival to the likes of the Ford Focus and Kia Cee’d. It will start from £14,340 on the road for the 1.2 TSI petrol S model with 85bhp.