New car sales slump

  • Worst figures in 40 years
  • Only city car sales show improvement
  • Average used car values fall by £1000 in a year
New car sales slump to lowest levels for 40 years
New car sales slump to lowest levels for 40 years
New car sales fell to their lowest level for more than 40 years last month.

The only sector to show improved sales was the city car category, highlighting a shift away from large vehicles. However, there were still marked declines in car sales throughout all other segments.

Premium brands were among the hardest hit, with Aston Martin suffering a 67% drop to just 19 cars sold. Land Rover suffered a 58% fall in sales to 422 cars and Jaguar a 41% slump to 422 cars.

Industry experts described the sales figures as 'dreadful' and gave warning that they would impact on car building in Britain. Already Toyota and Land Rover have announced production cutbacks because of falls in orders.

The British Car Auctions (BCA) Used Car Market Report also revealed that used car prices dropped dramatically.

Estimates for the first half of 2008 suggest that the average value of a used car bought at auction has fallen by more than £1000 to £4765.

Car sale changes year-on-year
City car +17.01%
Supermini -22.51%
Small family car -22.72%
Family car -19.19%
Compact executive -18.27%
Executive -19.51%
Luxury -42.79%
Sports -18.29%
Off road -40.98%
MPV -17.97%
Source: SMMT
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