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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.

Revealed: the longest and shortest new car waiting lists

Is there anything more infuriating than a long wait for something you really, really want? Like a car, for example. You walk into a dealership, hand over a large amount of money and want to drive away as soon as possible.

Alfa 4C beats Aston Martin DBS (AM310) to Villa D’Este prize

The Alfa Romeo 4C has beaten the Aston Martin Project AM310 (new AM DBS) to the prize for best concept at Concorso d’Eleganza Villa d’Este. As you can’t have failed to notice, this last weekend was the Concorso d’Eleganza Villa d’Este, an elegant and delightful car event on the shores of Lake Como in Italy. And the new Aston Martin DBS (Project AM310) was the big news.