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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.

Chris Evans’ Ferrari 250GT LWB California Spider For Sale

Chris Evans' Ferrari 250 GT LWB California Spider The Ginger, bespectacled broadcaster that is Chris Evans has returned to the public conscientiousness in a big way in recent years. Once the ‘Enfant Terrible’ of radio and television, he made a fortune buying and selling Virgin radio and then went off on a years long sabbatical with child bride Billie Piper. But an effervescent talent like Evans’ was never going to be satisfied with just being a sybarite, and the public have welcomed the return of a more grown-up Evans in recent years to the job he does better than almost anyone.

New Mercedes B Class to spawn 7 Seat version

It looks like Mercedes are going to stretch the appeal of the new B Class by adding a new 7 seat option. Mercedes foray in to small hatchbacks has not exactly been an unmitigated success. The last generation A and B class were really just two sizes of the same car, neither of which had much driver appeal and were bought as runarounds by Mercedes buyers who wanted a car for ‘er indoors.