Thursday, February 04, 2010
Car sales strong; Halifax up 0.6%
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

The scrappage scheme has been extended a month and the motor industry will mourn its passing. New car registrations in January were 29.8% up on a year earlier and 17.8% of sales were under the scrappage scheme. Even so, the SMMT expects sales for the full year to be down 9% to 1.82 million. More here.

Meanwhile, the Halifax said house prices rose by 0.6% in January and on a three-monthly basis were 3.6% up on a year earlier and on a raw basis 9.9% higher than their April low. The monthly rise was the smallest for several months but was in line with the long-run average. More here.