British motorists drive off austerity with bumper new car sales
January car sales at highest level since 2007, with new contract hire schemes likely to keep boom going
Britain has had some difficult economic years: austerity has bitten, wages have slumped, and home ownership has become a dream for many – but new cars have been flying off the forecourts.
On Thursday, the Society of Motor Manufacturers and Traders confirmed the 35th consecutive month of growth in new car sales and the biggest January sales for eight years. While car sales have stalled or only inched forward across the sickly eurozone they have roared ahead in Britain, which is fast becoming an island jammed by drivers of sparkling white Ford Fiestas, bought on cheap credit.
Source: Guardian Transport