Tag: car sales

SMMT: UK car sales rise in August

SMMT: UK car sales rise in August

The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales saw their first rise in 14 months in August. According to the trade body, car sales rose by 7.3% in August compared with the same month in 2010, with sales of smaller cars rising by more than 30%. The Ford Fiesta remained [...]

September 9, 2011 | 0 Comments More
UK car sales continue downward trend in June

UK car sales continue downward trend in June

The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales fell by 6.2% in June compared with the same month in 2010. The SMMT said the number of new cars sold in the month was 183,125 – representing the twelfth consecutive monthly fall in sales. Meanwhile, registrations in the first six months [...]

July 7, 2011 | 0 Comments More
UK car sales continue to fall in May

UK car sales continue to fall in May

The Society of Motor Manufacturers and Traders (SMMT) has today revealed UK car sales fell by 1.7% in May compared with the same month in 2010. The SMMT said the number of new cars sold in the month was 150,431 – representing the eleventh consecutive monthly fall in sales. Meanwhile, registrations in the first five [...]

June 6, 2011 | 0 Comments More
UK car sales continue to fall in March

UK car sales continue to fall in March

The Society of Motor Manufacturers and Traders (SMMT) has today revealed UK car sales fell by 7.9% in March compared with the same month in 2010. March saw the introduction of the new 11-plate cars. The continuous fall in sales was expected due to the withdrawal of the scrappage scheme. The SMMT said the number [...]

April 6, 2011 | 0 Comments More
UK car sales continue downward trend

UK car sales continue downward trend

The Society of Motor Manufacturers and Traders (SMMT) has revealed UK car sales fell by 7.7% in February compared with the same month in 2010. However, traditionally February is a quiet month for the car industry, with many waiting for the new number plate in March. The continuous fall in sales was expected due to [...]

March 10, 2011 | 0 Comments More
Japan Q4 economic growth revised downwards

Japan Q4 economic growth revised downwards

The Cabinet Office has today revealed the Japanese economy contracted by 1.3% in the October to December period – slightly worse than the first estimate of 1.1%. Today’s estimate is the second reading, a third and final estimate will be available next month. The downward revision was attributed to an expired Government incentive for low-emission [...]

March 10, 2011 | 0 Comments More
UK car sales down for seventh straight month

UK car sales down for seventh straight month

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 11.5% in January compared with the same month in 2010. It represents the seventh consecutive monthly fall. The SMMT said the number of new cars sold in the month was 128,811. However, the fall was in line with the [...]

February 4, 2011 | 0 Comments More
Dow Jones closes at 2½-year high

Dow Jones closes at 2½-year high

Wall Street’s Dow Jones Industrial Average closed above 12,000 points on Tuesday - the first time since June 2008. Positive corporate earnings, a strong rise in US car sales and solid manufacturing data boosted US stocks as all major indices were up on the day - despite the political unrest in Egypt. In addition, the [...]

February 2, 2011 | 0 Comments More
UK car sales continue downward trend in November

UK car sales continue downward trend in November

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 11.5% in November compared with the same month in 2009. It represents the fifth consecutive monthly fall and came despite the forthcoming VAT hike, which was expected to boost sales towards the end of the year. The SMMT said [...]

December 6, 2010 | 0 Comments More
US retail sales surge in October

US retail sales surge in October

The Commerce Department has revealed US retail sales grew by a better than expected 1.2% last month - this followed an increase of 0.7% in September. The rise, which was the fourth consecutive monthly gain, was fuelled by an increase in car sales. Retail sales figures are closely watched because consumer spending accounts for approximately [...]

November 16, 2010 | 0 Comments More
UK car sales continue downward trend

UK car sales continue downward trend

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 22.2% in October compared with the same month in 2009. It represents the fourth consecutive monthly fall but was expected due to the withdrawal of the scrappage scheme. The SMMT said the number of new cars sold in the [...]

November 4, 2010 | 0 Comments More
European car sales fall in September

European car sales fall in September

The European Automobile Manufacturers Association (ACEA) has revealed registrations of new cars in Europe fell in September on year. According to the ACEA, 1.26 million cars were registered, a fall of 9.2% on last year’s levels. September represents the sixth consecutive monthly fall as incentive schemes to boost the ailing car industry have expired. In [...]

October 17, 2010 | 0 Comments More
US retail sales grow 0.6% in September

US retail sales grow 0.6% in September

The Commerce Department has revealed US retail sales grew 0.6% in September - this followed an increase of 0.7% in August and exceeded expectations. The rise, which was the third consecutive monthly gain, was fuelled by an increase in car sales. Retail sales figures are closely watched because consumer spending accounts for approximately two-thirds of [...]

October 17, 2010 | 0 Comments More
UK car sales continue downward trend

UK car sales continue downward trend

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 8.9% in September compared with the same month in 2009. It represents the third consecutive monthly fall but was expected due to the withdrawal of the scrappage scheme. It follows a 17.5% fall in August. The SMMT said the [...]

October 6, 2010 | 0 Comments More
UK car sales fall 13% on year in July

UK car sales fall 13% on year in July

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales fell by 13.2% in July compared with the same month in 2009. It was the first fall in a year following the withdrawal of the scrappage scheme and sales are expected to continue their downward trend in the next few months. [...]

August 5, 2010 | 0 Comments More
German car sales continue to fall, exports up

German car sales continue to fall, exports up

Official figures from the VDA car group have revealed a further fall in German car sales. According to the VDA, domestic sales plummeted by 30% in July compared with a year earlier with a total of 237,500 cars registered in Europe’s largest car market. However, the fall was expected due to a slump in demand [...]

August 3, 2010 | 0 Comments More
UK car sales up 10.8% in June

UK car sales up 10.8% in June

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales grew by 10.8% in June compared with the same month in 2009. The SMMT said the number of new cars sold in the month was 195,226 - representing the 12th consecutive monthly rise and exceeded expectations. However, the Society warns that [...]

July 6, 2010 | 0 Comments More
Shanghai composite index closes at 15-month low

Shanghai composite index closes at 15-month low

The Shanghai composite index has today closed at a 15-month low over concerns about rising inflation and a slowdown in the economy. The index lost 19 points (0.8%) to close at 2,364, which represented the lowest since April 8, 2009. The index is now down 32% from its high in August last year. The Chinese [...]

July 5, 2010 | 0 Comments More
European car sales fall in May

European car sales fall in May

The European Automobile Manufacturers Association (ACEA) has today revealed registrations of new cars in Europe fell in May on year. According to ACEA, 1.12 million cars were registered, a fall of 9.3% on last year’s levels. European car sales also slumped in April, by 7.4% on year, but a decline has been expected after incentive [...]

June 15, 2010 | 0 Comments More
UK car sales up 13.5% in May

UK car sales up 13.5% in May

The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales grew by 13.5% in May compared with the same month in 2009. The SMMT said the number of new cars sold in the month was 153,095 compared with 134,858 in May 2009 - this represented the 11th consecutive monthly rise. However, [...]

June 4, 2010 | 0 Comments More