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Europe Intelligence Wire

| February 11, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Aberdeen Press & Journal)

Byline: colene.mckessick

THE credit crunch has hit the motoring market hard. With households struggling to meet increased living expenses, buying new cars and bikes has become a luxury that even fewer people can afford.

The priority for most is merely managing the mortgage repayments on a property which is now in negative equity, dealing with increased heating and food bills or trying to fend off redundancy.

Cheery stuff, but the good news is that, while the car industry is buckling under the pressure, the motorcycle market is finding things a little rosier.

Although the figures for 2008 show a drop in …

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