Thursday, March 13, 2008
Car retailing heading for toughest year since 90s
The UK car retailing sector is heading for its worst year since the early 1990s as car buyers increasingly feel the economic pinch, according to a leading automotive economist.
“The market this year and next year will be difficult – probably the most difficult year in the car market since 1991,” said Professor Garel Rhys, president of the Institute of the Motor Industry.
“Anyone under the age of 35 will not have experienced anything like this.”
DATED: 13.03.08
FEED: MT
