| All News | Archived News |
12 May 2009
The latest figures from the Society of Motor Manufacturers and Traders (SMMT) have shown that there were 24% fewer car registrations in April than in the same month last year.
Total registrations of new cars stood at 133,475 in April this year, down from 175,668 in April 2008.
The SMMT says that it was the 11th consecutive month in which car sales had fallen.
The car industry has been hit particularly hard by the recession, with many consumers unwilling to get into debt to make big purchases - and others simply unable to obtain the necessary credit.
However, the Government has recently announced a `car scrappage scheme`, in which motorists who trade in their old cars will receive £2,000 discounts on new car purchases.
---
Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.
