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Car sales plunge, Bank of England cuts rates

New car sales plunge in October: Renault sales were down by more than half By Nigel Wonnacott Motor Industry 06 November 2008 12:30 Following the sixth monthly decline in new car sales this year (down 23% this month), economists have revised market forecasts downwards, while the Bank of England has cut interest rates by 1.5%. October’s 23% drop was the worst so far and trade body SMMT now fears sales could end the year at just 2.15 million cars. That’s 8% lower than the 2.34 million predicted to leave showrooms back in January and would be the worst market performance in more than a decade.

1931 Marmon Sixteen convertible is the top seller at Hershey auction

A 1931 Marmon Sixteen Convertible Coupe, one of only 400 Marmon Sixteens built, sold for $517,000 at RM Auction's Vintage Motor Cars of Hershey event on Oct. 8. The Marmon Sixteen was the auction's top-selling car.

Scottish Car of the Year 2011: Big night for Jaguar Land Rover

Scottish Car of the Year 2011 Last night saw the awards dinner for the Scottish car of the Year at the Thistle in Glasgow, with Land Rover taking top honours and Jaguar walking away with three gongs (well, two gongs and the motoring equivalent of a ‘Lifetime Achievement’ trophy). The unstoppable Range Rover Evoque took the big prize, being voted the Scottish Car of the Year. Of course, it also won SUV of the year (it would have been a bit odd if it didn’t) and at this rate – and the great feedback from customers and media – Land Rover look like they’ll be mopping up a lot of gongs this next year.