Friday, May 16, 2008
SUV sales set to drop in the UK?
Experian predicts change in car buying habits
SUV sales could drop in the UK as the squeeze on consumer spending gets tighter, according to Experian’s Regional Planning Report.
Until now, rising interest rates, growing debt and environmental concerns have not significantly affected the popularity of larger engine cars such as 4X4s, MPVs and sports cars.
However now, Experian has warned, dealers need to prepare for a possible change in this situation.
Kirk Fletcher, managing director of Experian’s automotive division, said: “While sales are still strong in these segments, they are not as strong as in previous years.
DATED: 16.05.08
FEED: MT
SUV sales could drop in the UK as the squeeze on consumer spending gets tighter, according to Experian’s Regional Planning Report.
Until now, rising interest rates, growing debt and environmental concerns have not significantly affected the popularity of larger engine cars such as 4X4s, MPVs and sports cars.
However now, Experian has warned, dealers need to prepare for a possible change in this situation.
Kirk Fletcher, managing director of Experian’s automotive division, said: “While sales are still strong in these segments, they are not as strong as in previous years.
DATED: 16.05.08
FEED: MT
