By Denna Bowman
Demand for new cars in the UK plummeted a record 59% last month delivering another massive blow to the motor industry.
However, as more people worry about their jobs and mortgages and shun new car showrooms, they are also looking to make savings on essentials like car tyres.
etyres, the UKs leading online tyres retailer, is experiencing record demand as motorists who are keen to keep their cars roadworthy turn to the internet to find the cheapest deals.
Car manufacturers have been among the hardest hit in the global downturn despite cutting jobs and production.
The Society of Motor Manufacturers and Traders (SMMT) said car production totalled just 59,777 last month and has stepped up its appeal to the government for financial help.
It was the largest drop in a single month, according to SMMT records dating back to 1970, and the fifth straight month of decline.
Paul Everitt, SMMT chief executive, said: ‘The large fall in February’s vehicle production is a direct result of weak demand.’