Jaguar, a UK luxury car marque, will cut production following lower demands for their luxury vehicles .

The company, who were purchased from Ford by Tata last year, will lower output from their Castle Bromwich factory. Other cuts have already been reported at Land Rover, Bentley and Toyota .

Cutting production is essential due to falling car sales across the market. As motorists have less disposable income, buying luxury vehicles becomes less possible. Car sales have been falling throughout the year, with car finance also taking a knock.

The face of car finance has changed lately. The director of the Retail Motor Industry Federation (RMIF) recently warned: Car finance is still available, but the criteria is stricter, and has already been for a number of weeks. Consumers are being asked for a larger deposit than was previously the case. On the sub-prime side, there are now hardly any providers for sub-prime car finance .