Market for cars to stay stable

UK car production will fall and imports will rise this year, the Society of Motor Manufacturers and Traders predicts. The weakness of the euro will be behind the trend, the SMMT said. It has scaled back its forecast for home-produced motors in 2000 from 1.8 million to 1.65 million. The market for cars is expected […]

UK car production will fall and imports will rise this year, the Society of Motor Manufacturers and Traders predicts. The weakness of the euro will be behind the trend, the SMMT said. It has scaled back its forecast for home-produced motors in 2000 from 1.8 million to 1.65 million. The market for cars is expected to stay stable at 2.2 million. But the Rover crisis seems to have had a positive effect on that company’s sales, which more than doubled in April 2000 compared with a year earlier. Experts say that the rise was due to aggressive price cutting and a wave of belated national pride in the UK car maker.