Car manufacturers 'worst Nov in 30 years'
Car manufacturers have suffered the worst November for 30 years in terms of car sales, it has been reported.
Looking at year-on-year figures, the number of new cars bought throughout the month dropped to 100,333 - a fall of over a third (36.8 per cent).
"November has been another difficult month for the motor industry and whilst some consumers may have delayed their purchases to take advantage of the recent VAT reductions, overall demand continues to fall," said Paul Everitt, the SMMT's chief executive, in a Times report.
"Urgent action is now required to ease access to credit and finance, both to support consumers and meet the cash-flow needs of the industry."
Car fleet managers will likely be waiting on a decision over whether or not to update their car fleets and, while businesses are facing a tough year ahead, it may be that car fleet managers stay away from showrooms for some time yet.
Certainly, the industry is doing much to invigorate demand, such as producing electric and fuel-efficient cars, but with wider issues ensuring that car fleet managers remain nervous, it is unlikely that demand will rise significantly in the coming months.
