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Car News

Apr 4 2008

Sales of cars in March were positive despite the ongoing credit crunch, figures have shown.

The number of Brits who bought vehicles - potentially on Car Finance - rose last month, with 451,642 units sold, marking an increase of half a percentage point compared with the same month in 2007.

However, the RMI National Franchised Dealers Association (NFDA) has warned that this trend may not last.

"Car sales in March experienced a boost thanks to the number plate change and consumer desire for smaller lower emitting vehicles, but the credit situation is likely to flatten the market over the next few months," said Sue Robinson, director of the NFDA.

She went on to add that many of the vehicles bought during the month may have been ordered in earlier months, before recent economic pressures set in.

Meanwhile, BusinessWeek.com reports that economic uncertainty was responsible for a 12 per cent drop in car sales in the US in the first quarter of this year.
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