Car sales ‘showing continued growth’

There was an increase in the amount of new cars sold to consumers last month, it has been reported.

Some 158,735 vehicles were picked up from garages during November, marking a 2.2 per cent rise on the same month in 2006, according to Retail Motor Industry Federation National Franchised Dealers Association.

Sue Robinson, director of the group, commented that the activity may grow now that the Bank of England has reduced interest rates to 5.5 per cent from 5.75 per cent.

"The cut could help the consumer market remain fluid. Interest rates needed to come down to help consumer confidence," she said.

However, Ms Robinson warned that the slowdown currently experienced by the housing market may also creep into the new car market.

Meanwhile, the number of new car registrations in Germany has gone down by 12.9 per cent for last month, according to the KBA motor vehicles agency.


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