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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.

New Kia Carens gets new range-topper – the Carens 3 Sat Nav

New Kia Carens gets new range-topper – the Carens 3 Sat Nav But it seems Kia’s customers are shouting out for something that offers more standard equipment than the regular, not very inventive, trim levels of 1, 2 and 3, so Kia has decided to add a fourth option – the Kia Carens 3 Sat Nav to the range. The Carens 3 already comes with a decent enough spec – including panoramic roof, 17″ alloys, leather, heated seats, second row sun blinds and colour reversing camera – but the 3 Sat Nav adds a 7″ touchscreen SatNav and new audio system with 8-channel amp and sub woofer offering a better sound experience for all occupants. The Carens 3 Sat Nav is only available with Kia’s 134bhp 1.7 litre CRDI with 6-speed manual ‘box and costs from £24,845.

Bahrain Grand Prix Cancelled – revealed on Twitter

2011 Bahrain Grand Prix Cancelled Bernie Ecclestone said the cancellation or not of this season’s F1 opener in Bahrain would be down to Crown Prince Salman bin Hamad bin Isa Al Khalifa who was in the best place to judge. But it was actually the Bahrain State’s Information Affairs Authority who made the announcement this afternoon that this year’s Bahrain Grand Prix – due to be staged at the Bahrain International Circuit on March 13th – would not go ahead. The announcement said that “Bahrain’s priority is on overcoming tragedy, healing divisions, and rediscovering the fabric that draws this country together.” Which seems a great deal more important than a bunch of rich guys driving round in circles for the world’s entertainment.