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Classic car restoration could become thing of the past as values plummet 0

The number of classic cars on our roads could be about to drop significantly. A recent report reveals that values have plummeted for the first time in ten years. In September, Coutts reported a 10.4% fall in the cost of vintage cars over the last 12 months. Figures show that since 2005 – when compared(…)

UK car sales fall for fifth month running 0

August saw UK new car sales fall for the fifth month in a row, demand for diesels in particular dropped by more than a fifth. Figures released by the Society of Motor Manufacturers and Traders (SMMT) showed there were 76,433 new car registrations last month. This marked a drop of 6.4% from the same time(…)

Used car market has declined by 5.1% in 2017 0

The used car market has declined by 5.1% throughout 2017 so far; the fall coming in the wake of record-breaking figures in 2016. The second quarter of the year saw used car sales drop by 13.5% compared with the same period in 2016 – 300,000 fewer transactions. Diesel car sales declined by just 0.1% in(…)

Drop in car production hits UK industrial output 0

UK industrial production dropped in the second half of 2017, the latest figures have revealed. The numbers, revealed by the Office for National Statistics (ONS), saw industrial output fall by 0.4%, most due to a 0.6% drop in production. This was primarily down to a 3.6% drop in the production of transport equipment, including motor(…)

New car sales fall as Brexit uncertainty hits market 0

Last month saw the UK’s new car market slumped by almost 10%, industry figures have revealed. Diesel sales in particular were down by a fifth. The drop is believed to have been caused by uncertainty over Brexit and marks the fourth consecutive months where sales figures have slumped. Despite conventionally vehicles faring badly, the sales(…)

UK car production falls almost 10% 0

A sharp drop in the amount of cars produced in the UK last month has been blamed on manufacturers preparing their production lines for a glut of new models. This is the second month in succession that vehicle assembly has slowed in the UK. Since the Brexit referendum this time last year, the car sector(…)

Car production drops for first time in 14 months 0

A drop in domestic demand was the main reason for UK car production falling for the first time in 14 months, industry figures revealed. According to the Society of Motor Manufacturers and Traders (SMMT), 151,795 vehicles were manufactured, a drop of 1% compared to October 2015. The reason for the drop in production was attributed(…)