SMMT Statistics - Barclays comment

04 Oct 2012 09:22 GMT

Richard Lowe, Head of Retail & Wholesale at Barclays, comments on today's SMMT statistics:

“The all-important September plate change did not disappoint. Private sales are driving the market as consumers are attracted by manufacturer incentives such as affordable monthly finance packages.

“The new car market in the UK continues to out-perform the rest of Europe and whilst there is no reason to suggest that this trend will reverse, manufacturers may need to adopt a more cautious approach to the balance between supply and demand as we head towards the end of the year.”


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.