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Caffyns Closes Stores As Car Sales Slide

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http://uk.finance.yahoo.com/news/Caffyns-closes-stores-car-digilook-2200530266.html?x=0&.v=1

Caffyns closes stores as car sales slide
Rory Gallivan, 0:07, Tuesday 8 February 2011
LONDON (
ShareCast
) - Caffyns (LSE: CFYN.L - news) , the car dealer operating in Sussex, Kent, Surrey and Hampshire, is closing branches to cope with falling sales.

It is underway. Cheaper houses coming soon.

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Watch out for Tates as well. They're running down their Newhaven dealership ready for closure.

The bottoms falling out of the car market, probably not helped by the scrappage scheme.

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http://uk.finance.ya...6.html?x=0&.v=1

Caffyns closes stores as car sales slide
Rory Gallivan, 0:07, Tuesday 8 February 2011
LONDON (
ShareCast
) - Caffyns (LSE: CFYN.L - news) , the car dealer operating in Sussex, Kent, Surrey and Hampshire, is closing branches to cope with falling sales.

It is underway. Cheaper houses coming soon.

They are getting rid of a citroen dealership - not surprised as Citroen's sales figures have bombed more than other manufacturers,

a small ford dealership (There are to many small legacy ford dealership around for each dealership to turn a sustainable profit)

Closing 2 bodyshops (probably under cut by new chains such as DWS) and a chevrolet (ex daewoo) dealership.

They will still have 30+ dealerships after the closures.

In other words the "recession"/downturn is doing its job and ensuring the survival of the fittest and that only the profitable remain.

For the economy this represents an elimination of the "spare capacity" that the BoE / HMT always talk about when discussing why inflation is not massively out of control. This is hardly the only elimination of unprofitable high cost "spare capacity"...

By the time the BoE realise all the spare capacity has gone it will be to late to control inflation.

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  • 284 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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