A gloomy picture is compounded by fewer cars rolling off production lines

“October is traditionally a quieter month after September’s plate change. But a gloomy picture is compounded by fewer cars rolling off production lines due to supply chain challenges, and the beginnings of shakier consumer confidence with the looming threat of interest rate rises. Such factors are contributing to a booming second-hand market at the cost of new car sales.

“The impact that record high fuel prices will have on pushing motorists towards electric vehicle (EV) options shouldn’t be understated. Yet EVs aren’t insulated from the wider energy crisis. A tough winter for energy companies will make plug-in drivers think carefully about their tariffs to avoid unexpectedly high bills.”

ENDS

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