New-car sales in the U.K. fell 11.5% in January to 128,811 units, in line with the Society of Motor Manufacturers and Traders’ forecast reflecting the end of the government’s cash-for-clunkers scheme. SMMT CEO Paul Everitt says the result marks the seventh straight month of falling year-on-year sales and is the beginning of a challenging year for the U.K. auto industry. “Consumer confidence is low, and it is important that government uses the March budget to help relieve some of the ...
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