Financial Times FT.com

UK dealers cut car prices as sales fall

By John Reed, Motoring Correspondent

Published: August 7 2008 03:08 | Last updated: August 7 2008 03:08

Britain’s car market fell by its steepest rate in 19 months in July – a fresh sign that flagging consumer and business confidence are hitting purchases.

New car registrations fell by 13 per cent last month, the third consecutive month of falling car demand, the Society of Motor Manufacturers and Traders said on Wednesday.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this