The British automotive industry cannot expect any further Government handouts, new Business Secretary Vince Cable has advised. Instead assistance will be provided in the form of "a stable business environment", Vince Cable said. "I don't see the future in terms of large-scale Government support for individual (car) companies," he said. "We … [Read more...]

Sales of new cars in the EU dropped 9.3% in May as the effects of government assistance for the automotive industry slipped away and the economic environment remained challenging, according to industry association ACEA. Governments assisted car manufacturers with scrapping incentive schemes that increased demand for new cars, but these have … [Read more...]

New car market up 13.5% to 153,095 units in May. There were still some scrappage registrations trickling through accounting for just under 3 percent of registrations. The market was already down 24.8% in May 2009 on the year before. · New car registrations climbed 13.5% in May, marking the eleventh successive monthly rise. · … [Read more...]

New car registrations in Europe dropped in April compared to last year, the first year-on-year decline for ten months. The numbers, published by the European Automobile Manufacturers' Association, Acea, reveal 1.14 million cars were registered, which is down 7.4% on 2009. Acea reported the fall - almost 25% in certain countries - came as the … [Read more...]