Fuel Prices Hitting New Car Sales

Summary


Soaring fuel bills combined with fears that interest rates could rise later this year are keeping carbuyers out of the showrooms.

New car registrations, a key indicator of economic confidence, fell again in June, figures from the Society of Motor Manufacturers and Traders showed yesterday.

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Extract


Fuel Prices Hitting New Car Sales

Volumes slipped 3.6 per cent, or 8,126 units, to 219,497 last...

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