Car sales fall substantially

Car sales fall substantially
Actual retail sales in August were lower than for the same month a year earlier, by almost -1%. This is a substantial fall in real sales, when the adjustment for inflation is accounted for. The key driver of this fall is a sharp drop in motor vehicle sales. They were down more than -21%, reaching their lowest level in more than 5 years. However, supermarket and grocery sales rose +3% year-on-year, and sales at department stores were up an impressive +9%. Apart from car sales, other sectors that are showing significant weakness are furniture stores, hardware outlets, and automotive repairs. Most other sectors show lesser levels of weakness.    

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

Your access to our unique content is free - always has been. But ad revenues are diving so we need your direct support.

Become a supporter

Thanks, I'm already a supporter.