Car sales slump

[MaximumSpeed]

London is seeing a drop in the registrations of new vehicles. I'm guessing it won't be just in London, but will be a widespread issue due to a lack of ready money. What do you think?

 

[911porsche]

Personally, I'm surprised it wasn't obvious a lot sooner. The economy is already in a bad state, and it's just going to get worse. I think that car purchases and registrations are going to decline as people begin to hold back on spending.

 

[LDriver]

With the increased value added tax, people are getting wise-spender. It's really unfair for many people because the VAT increase doesn't proportionate their salary increase if there is any. So, it doesn't make me wonder why the slump in car sales.

 

[Kohn]

It's the economy, obviously. I think I read somewhere in this forum that it's the used car business that's experiencing a rise in business these past few years.