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It isn?t just the British who are at odds with the pan-European ideal; both Poland and Hungary now have serious disagreements with the rest of the Euro-zone. The European Union overall is lurching from crisis to crisis and this is having a knock-on effect economically. One such set-back is how the UK new car market has declined by almost ten percent last month. This is the fourth consecutive monthly fall. Although in line with forecasts, it remains a barometer of falling economic consumer confidence.
Demand was down across business, fleet, and private buyers, although oddly in July, more buyers opted for dual purpose and specialist sports cars, the only two vehicle segments to enjoy growth. That may just mean some are more financially resilient than others of course. Greener Pastures
The demand for alternatively fueled vehicles has soared, we learn. As registrations for new gas and diesel cars have declined, interest in electric vehicles and hybrids is rising. This doesn?t mean necessarily your friends and neighbors are suddenly mad for electric cars, as there is a sense we are being railroaded into it.
The repercussions of the “Dieselgate” scandal are rippling out wider and wider, like the aftermath of a rock being thrown into a still pond. The vilification of diesel fuel, whether deserved or not, has led to a softening of demand for the oil-burners. After a very slow start, motorists are now keen to l...