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New car sales slowest since 1966



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Published Date: 05 September 2008
SALES of new cars are forecast to continue to plunge over the next year after manufacturers announced the worst August figures for 42 years.
UK registrations fell last month by nearly 19 per cent on a year ago as drivers postponed buying new cars because of fears over the economy.

The fall in Scotland was even more marked, with sales down 21 per cent to 4,578 and traders predicting a "
disappointing" September, when new number plates usually boost sales.

The Society of Motor Manufacturers and Traders (SMMT), which represents the UK industry, said it had compared sales with 1966 to back its call for the government to "kick-start consumer confidence".

A total of 63,225 new cars were registered last month compared to 52,942 in August 1966.

However, between 1967 and 1998, new number plates were issued in August, which made it the peak month for car sales. Since 1999, the plate change has been in September and March, making August one of the quietest sales months.

Paul Everitt, the SMMT's chief executive, said: "Industry is encouraged by the growing interest in lower carbon cars, but is concerned by the reluctance of consumers to commit to major purchases. There is a clear need for sustained action by government to boost the economy and restore confidence."

The SMMT predicts that new car sales will fall to 2.16 million next year compared to 2.35 million currently and some 2.6 million in 2004.

Douglas Robertson, the chief executive of the Scottish Motor Trade Association, said the lack of an interest rate cut yesterday made for a gloomy outlook.

He said: "Whilst September will give new car sales a boost, we suspect that there will be more disappointment for us as the credit squeeze tightens and the economy slows down."

However, green campaigners argued the news should spur a boost for public transport. Richard George, the roads and climate campaigner for the Campaign for Better Transport, said: "These figures may be causing motor manufacturers sleepless nights, but they're a golden opportunity for a government which has to reduce our carbon footprint.

"Instead of pandering to the motoring lobby, the government should give people real travel choices and help communities all over Scotland blighted by traffic noise and pollution."

IN NUMBERS

The top selling cars for August 42 years ago and now are:

1966

1. Austin 1100
2. Ford Cortina
3. Mini

2008

1. Vauxhall Corsa (3,527)
2. Ford Focus (2,933)
3. Vauxhall Astra (2,535)



The full article contains 425 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 04 September 2008 9:53 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Charles Linskaill,

Edinburgh 05/09/2008 01:10:20

NO Surprises here then!

A Few Bargains in the 'offings',?
2

Peekay,

05/09/2008 07:07:20
I think the government should be funding a scheme to help first-time car buyers.
3

Boy Wonder,

05/09/2008 07:25:03
If it helps to get less cars on the road ... good!

More room for mine then!!! :D
4

easy money,

brazil 05/09/2008 10:12:36
new cars are a complete rip off...always have been, always will be, its not surprising that their sales have slowed...as soon as you drive off the forecourt it drops in value by 15%...who in their right mind thinks that buying a new car is worth it...

5

Andrah,

Embrugh 05/09/2008 13:03:31
Just as well there are folk daft enough to buy new cars otherwise there would be no second hand ones to go round.
6

Saltire 'n' pepper,

Wishing I was in Scotland 05/09/2008 14:58:12
Could I just have one of those '66 Mini's, please?
7

Saltire 'n' pepper,

Wishing I was in Scotland 05/09/2008 14:58:45
Could I just have one of those '66 Mini's, please?
8

The Former Mr. Angry,

Perth 05/09/2008 16:36:23
Yes folk will queuing up soon to buy their cars with a showroom tax of £900 attached to it as well as car tax. Little wonder they plunge in value in the first year or even after driving out of the showroom. In recent years I just refuse to buy new and can still grab a decent bargain on delivery mileage examples.

Also anyone keen to buy a brand new car with tremendous mpg should do their sums carefully first as the smaller savings on fuel will most likely be severely offset by the horrendous depreciation! If you have money to throw away of course then buying new won't affect you.
9

EnglishHighlander,

05/09/2008 20:29:42
Just bought a new Clio Dynamique with a budget of £150pm.

My wife gets 53p per mile for her car-essential work and does at least 100 miles per week. Lets do the maths.

100 miles = £53 per week, £20 of which goes into the tank for work use, leaves £33 residual = £140pm towards new car.

Low road tax (£115 already paid by dealer for 1st year) and no MOT for 3 years. Wife's company pays her insurance.

New car is costing £10 per month. Cheap, I would say and the dealer gave me a grand px for my 9 year old (98000 miles on clock) Clio.
10

JayDeeTee,

05/09/2008 22:30:37
#9. Think you deserve a wee dram to celebrate.

 

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