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Realistbear

Spain: Crisis? What Crisis? Car Sales Roar Ahead 44.6%

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http://uk.finance.yahoo.com/news/spain-auto-sales-soar-44-6-in-may-afp-38b462fe2bb5.html?x=0

Spain auto sales soar 44.6% in May
12:06, Tuesday 1 June 2010
New car sales soared by 44.6 percent in Spain in May from the figure for the same month last year on the back of a government incentive programme which is about to end, industry data showed on Tuesday.

Lotsa dough still around in Spain then. :lol:

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Still 15% down on 2007 then, even with a bung of 2,000 euros.

New orders down 20% for next month.

So that's car sales back to 69% of 2007. All for only 100,000,000 euros. :blink:

Epic fail?

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Looks like car companies here are now offering 'swappage' here so you can get 2 or 3 thousand off now. Scrappage was a waste of taxpayers money and waste of cars, many were scrapped that should still be on the road.

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Looks like car companies here are now offering 'swappage' here so you can get 2 or 3 thousand off now. Scrappage was a waste of taxpayers money and waste of cars, many were scrapped that should still be on the road.

It's because IVA is going up to 18% on 1 July so people have brought forward their purchases.

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Anyone any idea when the new car sales figures for the UK come out ?

That's gonna be worth watching !!!

I'd hazard a guess they might be somewhat lower than the previous quarters.

It might start afresh the car people going to the government to ask for more free cash.

As the man says tho "no money left"

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That is only relevant if the supply of money is finite. It isn't.

That's only relevant when someone is prepared to make up more money and lend it to themselves.

How much more of that they are prepared to do is probably outside anyone in the U.K.s control.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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