New car registrations - normally go up in September as buyers wait for new plates, down first time in 6 years, -9.3% smmt.co.uk/2017/10/demand…
... also compiler of PMIs sees Q3 growth (just ended) at 0.3% - so 9 months of notably subdued growth so far in 2017 x.com/markiteconomic…
... also compiler of PMIs sees Q3 growth (just ended) at 0.3% - so 9 months of notably subdued growth so far in 2017 x.com/markiteconomic…
@faisalislam A lot of firms just continuing leases for a fourth year. Who can blame them?
@faisalislam It's exchange rate & lack of cheap money. New car finance overpriced for mkt, so many 'buyers' went 2nd hand rather than renew.
@faisalislam in last decade the 3 biggest years for Sept new registrations of cars have been 2015, 2016, 2017 despite Brexit!!!
@faisalislam Brexit causing people to think twice about taking on car loans. Must ensure people have a final on Brexit. #exitfrombrexit
@faisalislam I'm not upset by this. We all need to be thinking about moving towards a post-growth, post-fossil fuel economy.
@faisalislam Given the BOE warned about the levels of debt particularly in consumer credit for cars this was always likely to happen..its a debt bubble