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UK Car Sales Continue to Rise

August was another strong month for Britain’s car market, with sales of new cars moving closer to pre-recession levels in what is usually a quiet month before the plate change in September.

The number of new cars registered last month rose 10.9% to 65,937 compared with a year earlier, as consumers continued to snap up deals.

It marked the 18 successive monthly rise in new car sales and pushed year-to-date sales to 1.39m vehicles, 10.4% higher than a year ago. By the same point in 2007, before the financial crisis hit, 1.52m new cars had been sold.

Private purchases were the biggest drivers of growth, but fleet and business purchases also rose in August.

via The Guardian [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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