Friday, Sep 25, 2009

Car sales run out of fuel

BBC News: Car output falls 31.5% in August

The number of new cars made in the UK fell 31.5% in August from the same month a year earlier, industry figures have shown.
There were 56,737 cars made last month, the Society of Motor Manufacturers and Traders (SMMT) said.
But the number of cars built for the UK market reached a near five-year high as the car scrappage scheme boosted sales.
The SMMT called for the scheme, which was introduced in May, to be extended, saying recovery was still fragile.
The drop in production was bigger than the 17.9% fall seen in July, but many car plants have extended shutdowns in August.
Funds running out
The UK car scrappage scheme pays a £2,000 incentive to new car buyers who scrap a vehicle that is more than 10 years old.
It is currently due to end in February, or when the £300m the government

Posted by exiges @ 12:14 PM (721 views)
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3 Comments

1. japanese uncle said...

Useless measure for a boost for the moment which will exhaust the future demand, just to make the trough in a few years time even deeper.

Friday, September 25, 2009 01:57PM Report Comment
 

2. jack c said...

Nice pun JU - "exhaust the future demand" - perhaps sales are now stuck in first gear and the motor traders are "clutching" at straws.

On a more serious note Stevie Wonder in a darkened room could see this slump coming once the scrappage scheme novelty ran it course (or should that be Corsa)

Friday, September 25, 2009 08:11PM Report Comment
 

3. str 2007 said...

Well done Jack, you're on good ford today, sorry form.

Lokk it was even posted by Exige (Lotus).

Saturday, September 26, 2009 11:58AM Report Comment
 

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