Just my views8 Jan 2010 07:03
IS THE SHINE COMING OFF PENDRAGON’S SP?
http://www.lga-consultants.com/blog/?p=378
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New Cars Sales
2009 1,994,999
2008 2,131,795
2007 2,404,007
http://www.smmt.co.uk/articles/article.cfm?articleid=21056
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We now know from the sales of 1,994,999 units, the lowest level since 1995 of new cars sold last year, a fifth = 400,000 were purchased via the scrappage scheme/ low vat, what will 2010 do?
Full year registrations were down 6.4%, if the scrappage scheme/ 15% Vat didn't exist would we have been down 26.4%?
Looks like New Car Sales for 2010 will be down by about 15-20% that is my predication, poss more.
I rest my case and your verdict on the above would be much appreciated, it has taken me about 2 hours to collate, i know that to much information can be bad thing and put you off buying, but i think it is worth knowing where the Car Market is heading in 2010. It also looks like with Lookers (look) actually walking away from buying PDG is not good news.
I have just found this info below after i had collated the above, and it confirms my predictions for 2010 are right, I have been in the Motor Trade for 30 years so I suppose you call that a passion.
http://www.motortrader.com/industry-news/29661-uk-unlikely-to-return-to-2m-plus-annual-car-sales-deloitte.html