Auto Sales Plunge in Britain

Reduced consumer spending and confidence whacked August car purchases by nearly one-quarter. But smaller models were up

Confirmation that consumer confidence and spending on "big-ticket" items is testing new lows came yesterday with the release of the latest figures on new cars sales. The Society of Motor Manufacturers (SMMT) reported an 18.6 per cent annual decline in sales in August, with sales to private buyers rather than the fleets down by a massive 23.6 per cent.

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