Car manufacturers and the iPhone generation

547 More

Earning the right to be successful

535 More

Knowledge is power

609 More

Selling cars – it’s all about timing

852 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

New car sales: July 2008 results

Volumes experience steepest decline in 18 months. New car sales plummeted by 13 per cent in July – the steepest decline since December 2006. The July total of 153,420 units was down 13.4 per cent year-on-year, as sales in both the private and fleet sector fell.
Year-to-date sales are now down 3 per cent on 2007 figures at 1.4 million units.
Car dealers have already been feeling the pinch after sales dropped in May and June, and this is the latest blow to hit the market after it made a resilient start to the year.
The SMMT admitted that the shortfall was worse than expected, and urged the government to help encourage motorists to return to the sector.

“The 13 per cent decline reflects the continued deterioration in consumer confidence being experienced across the economy. Rising fuel and household bills, alongside falling house prices are making consumers reluctant to commit to new expenditure”, said Paul Everitt, SMMT chief executive.
“Vehicle manufacturers are doing their bit to support consumers. Industry needs the support of the government in order to encourage the uptake of lower-emitting vehicles and ultimately lower the cost of motoring for consumers”, he added.

Diesel sales also fell for the first time since February 2007, recording a 6.4 per cent drop.
Despite the decline, sales of oil burners are ahead of last year with year-to-date growth of 7.3 per cent.

Motor Trader

Aug 8, 2008MTI
  • New car registrations down 3.5% in July
  • Decline in dealer finance eases up in July
  • Car sales in India Jump 31 percent in July
  • December 2008 new car sales figures
  • November 2008 new car sales figures
  • New car sales: May 2008 results
  • It's all about timing!Used car prices to slump 12 per cent
    Comments: 2
    1. Lisa- Add Your Site to DoFollow Directory
      12 years ago

      I am in Canada- I am wondering if oil and gas prices have affected the car industry in UK like it has done here. Car companies are scrambling. Not as bad in US because we don’t; drive as many SUV’s. but I wondered what impact in any over seas?

    2. car sales jobs
      11 years ago

      Ford’s fuel-efficient vehicles pace July sales results.The all-new redesigned Prius mid-size gas-electric hybrid posted best-ever July sales of 19173 units,

    MTI
    12 years ago Blogcar sales, economy, motor trader49
    Most viewed
    Top 100 UK Dealer Groups
    38,730 views
    The car sales process and the “9 point plan”
    10,807 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,484 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes