UK Car Market Still Buoyant, Says Report
The much publicised “credit crunch” which has seen interest rates rise sharply this year has not scared off UK car buyers, says ACF Car Finance. The UK market came in at 419,000 units (+1.3 per cent) in September, which is thought to have been spurred on by the new registration plate which pushed private retail sales up by 1.5 per cent. The UK market performed better than was expected, despite fears of a slowing economy and the increased cost of borrowing money.