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UK car production slumps, state help sought

By Digby Fullam Motor Industry 21 November 2008 14:30 The full effect of the downturn in the global economy is being felt by the UK motor industry, new figures out today reveal. Car production at British factories fell by 29.5% from October 2007's figure.  That makes it the worst October production figures since 1991 which, if you’ll cast your mind back, was the last recession. The Society of Motor Manufacturers and Traders blamed the slump on 'a rapid reduction in demand for motor vehicles.' It’s not just us Brits that aren’t buying cars, either.

Call to pass on petrol price cuts

THE AA has joined calls for retailers to pass on a fall in the wholesale price of petrol to motorists. Pump prices have "barely budged" from the late summer high of just over 138p a litre despite a 2p-a-litre fall in the wholesale price of petrol a fortnight ago and a further 3p drop last week, according to the latest AA Fuel Price Report. Petrol averaged 132p at the start of the year, "and this is where it should be heading if the wholesale price collapse persists", the report said.

New car sales surge again

NEW CAR sales have risen again in September thanks to rapid growth in demand from private buyers, according to statistics released today. The Society of Motor Manufacturers and Traders (SMMT) said that a rise of 16.7% in the private sector helped to drive a ‘super September’ that saw overall sales rise by almost 11% over the same month last year. The new 63 registration plate has helped drive customers to showrooms across the country, with the latest breed of fuel-efficient, smooth and quiet petrol engines selling particularly strongly.