New car sales still stuck in reverse

1.pngCar sales stuck in reverse

One of the trends that we have been seeing in car sales is motorists shunning diesel vehicles for petrol and plug-in versions. But while consumer behaviour is changing in response to the eventual phasing out of diesel cars, we are also seeing overall sales volumes continuing to follow a downward trend. This highlights a lack of consumer confidence which in turn reflects a squeeze on household incomes. In short, new car sales have been in a state of managed decline over the last two years, and this appears to be continuing. Continue reading