Barclays notes sensible business model in car manufacturing sector
www.moneynews.co.uk > General finance > Barclays notes sensible business model in car manufacturing sector
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Money News |
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Barclays notes sensible business model in car manufacturing sector
Wed 7th Oct 2009
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Keith Parry, head of motor retail at the organisation, made his comments following the news that the scrappage scheme has been extended by another 100,000 units.
He pointed out that the programme has pulled people into showrooms, which was the reason the scheme was initiated.
Mr Parry highlighted the 11.4 per cent increase in September registration figures compared to the same time last year as evidence of success.
"The order book for some brands remains strong with fulfilment and deliveries stretching into October and November, potentially boosting business for some dealers during what is a traditionally difficult trading period," he explained.
Recent research by uSwitch questioned the worth of the scrappage scheme to consumers since it claimed that £2,000 is wiped off the value of a new car within three months of being bought.
Click here for more general finance news
Related News : General finance |
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Related News : Barclays |
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