Thursday, Aug 05, 2010
Signs of a looming double dip
Yahoo: New car registrations down - SMMT
New car registrations in Britain fell for the first time in a year in July, by 13.2 percent compared with a year ago, the Society of Motor Manufacturers and Traders said on Thursday.
Posted by mark @ 10:00 AM (623 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Fingerbob69 said...
That's just the false boost effect of the car scrappage scheme working out of the figures. More recession resumed rather than double dip!
2. Crunchy said...
'Yahoo: New car registrations down - SMMT'
Is that any wonder now the lid of the poisonous cookie jar is now firmly shut.
It should read 'Yahoo: MEW car registration down - SMMT'
'It's for the children.' Walk!
3. enuii said...
Figures are even worse in europe where even FIAT's home market sales have seen a 35% y/y drop. Germany is also heading drastically down which I suppose is the poison chalice left by their scrappage scheme.
4. Meangreen said...
Is there any wonder when the prices have increased so much, a Ford Fiesta RRP is over 11k and discounted they are 9.5k. We need more manufacturers offering longer warranty and servicing packages, no one has got the blend right yet. Manufacturers need to make a reason to buy their cars, very few of them are doing so at present.