Compass 2020 Antenna 324518 on 2040-parts.com

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.

Hennessey Venom GT (2010) first official pictures

Less is more with the Lotus Elise. Hethel’s smallest sports car is sweetest when its lightweight aluminium chassis has a little naturally aspirated engine providing the power; a 257bhp Exige variant is about as powerful as it ever needs to be. So here’s a 1200bhp version… That’s right.

Ferrari launches 12-year Power Warranty

Have you managed to save enough pennies for a new Ferrari 458 Italia, only to find yourself reluctant to take the plunge? Perhaps you’re fearing the ongoing cost of running such a thoroughbred supercar, you know, should things go wrong. But worry no more, because Ferrari has launched a new ‘Power Warranty’.