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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.

Porsche 911 Sport Classic (2009) first official photos

By Tim Pollard First Official Pictures 02 September 2009 09:05 Here's a special edition to slaver over: Porsche today announced plans to build a limited run of the new 911 Sport Classic. Inspired by the Carrera RS 2.7 in parts of its wardrobe, the 911 Sport Classic will be built in very limited numbers with just 250 cars planned. Perhaps on account of its price – it'll cost well over double the cost of a regular 911 Carrera S...The 911 Sport Classic is designed to showcase the bespoke skills of Porsche Exclusive, Stuttgart's do-anything-for-anyone personalisation division.

Half of all used cars go wrong ‘within a month’

With over seven million secondhand cars purchased in 2012, you’d expect one or two to develop a problem soon after purchase. But rather shockingly, as many as half of all used cars sold develop faults within a month of changing hands. That’s according to a report by the Citizens Advice Bureau, which helped with over 84,000 problems with secondhand motors in the past 12 months.