New car sales see first drop for a year

New car sales fell in July, the first drop in a year, the Society of Motor Manufacturers and Traders has said. New car registrations were 136,446 last month, down 13.2% from a year ago, the trade body said, with the end of the car scrappage scheme and the fragility in the economy blamed. However, so far this year, new car sales remain 15% higher on the same period last year. The SMMT said it expected more than two million new cars to be sold in 2010. Paul Everitt, the SMMT's chief executive, said July's fall was not a surprise.

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The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).