Enter Honest John's Kit Competition An awesome prize is up for grabs every week | No thanks

Government 'must help car industry'

Thu, 08 Jan 2009
Motorists in the UK who have been putting off buying a car are not alone, if comments from the Society of Motor Manufacturers and Traders (SMMT) are anything to go by.

The organisation has called on the government to take further action to restore consumer confidence and encourage customers back into showrooms.

It claimed the country's leaders need to take action in order to avoid long-term damage to the country's industrial capability.

Paul Everitt, SMMT's chief executive, said: "2009 will be another difficult year for the UK automotive industry."

He added the sector will need government help if it is to take advantage of economic growth when it does return.

This comes after SMMT figures revealed new car registrations had fallen 11.3 per cent in 2008 to 2.131,795, compared with 2,404,007 in 2007.

Meanwhile, in other motoring news, the organisation recently voiced its support for European legislation which ruled average CO2 emissions had to be reduced to 130 g/km by 2015.

Are you buying or selling a car? Click here to find out what Honest John has to say.
ADNFCR-1081-ID-18963529-ADNFCR

Comments

Add a comment

 

Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £9,304.93

Total cost of credit £1,804.93

£155.08

60 monthly payments

Apply now

Representative example

The Representative APR is 13.2% (fixed) so if you borrow £7,500 over 4 years at a rate of 13.2% p.a (fixed) you will repay £199.21 per month and repay £9562.20 in total.