Car manufacturers feeling the squeeze

Tue, 14 Oct 2008



As well as car dealers and car finance providers, car manufacturers are also feeling the pinch from the credit crunch. Particularly stricken are luxury car marques and manufacturers of larger vehicles .

According to recent figures from the Society of Motor Manufacturers and Traders, companies such as Land Rover and Aston Martin have seen serious sales declines. Tightening vehicle finance credit could be having a strong influence on car sales.

Lord Bhattacharyya, Labour peer and car industry cognoscenti, was reported as commenting: "The credit market is in real difficulties, which is why the government stepped in decisively. Any company that sells the bulk of its vehicles via car finance faces a long, tough road ahead."
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