The SMMT (Society of Motor Manufacturers) announced today that compared to June 2007, the new car market fell 6.1% to 209,190 units and overall year-to-date figures show 1.6% fall to 1,247,479 units, as forecasted.
This slowing of the new car market, as a result of the 'credit crunch,' means that dealers will be offering ever-better deals to meet their new car targets and whilst used cars may see an increase in demand, there will also be an increase in supply from pre-registered cars.
Used Car Expert editor commented, "This will make prices volatile, especially on everyday car brands. It has never been more important to research your car purchase."