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Gloom as new car sales figures show continuing fall.

Europe Intelligence Wire

| March 06, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Yorkshire Post)

New car sales, a key indicator of consumer confidence, fell sharply again last month, it was announced yesterday.There were 54,359 new vehicles registered in February, a 21.9 per cent dip on the February 2008 total, the Society of Motor Manufacturers and Traders (SMMT) said.SMMT chief executive Paul Everitt said: "New car registrations continue to decline and although the Government recognises the strategic importance of the UK motor industry, urgent action is still needed."Other European countries have been proactive in assisting their automotive industries and it is imperative that the UK Government increases the pace in responding to industry …

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