By Denna Bowman
Sales of new cars continued to plummet last month dropping by almost a quarter compared to February 2008, latest figures reveal.
However, used car owners are continuing to drive up sales of replacement tyres as motorists track down the best deals to keep their vehicles roadworthy, according to etyres, the UK’s leading online tyres retailer.
The number of new UK registrations in February was 54,359, down 22 per cent from 69,610 the year before, according to the Society of Motor Manufacturers and Traders (SMMT).
The latest figures come after most of the main car manufacturers have cut production and jobs at their UK plants as they struggle to respond to the fall in sales during the recession.
The SMMT has intensified its call on the government to offer more support to the ailing car industry.
Paul Everitt, SMMT chief executive, said: ‘It is imperative that the UK government increases the pace in responding to industry proposals for a scrappage scheme, and access to finance and credit.’
However, the credit crunch has had the reverse effect on etyres, which is seeing double-digit growth and breaking sales records.
Etyres offers a convenient mobile fitting service, which means it does not have the expensive garages and large overheads of leading high street tyre depots, therefore prices are kept low for customers.