WHAT’S HAPPENING IN THE WORLD OF JTAPE?

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Why slowing car sales could be good news
Reasons for this trend can be summed up as a triple whammy: • Declining economic confidence, with uncertainty around Brexit making people reluctant to make big ticket purchases • Diesel vehicle sales collapsing (by 30% last month alone) following the scandal over rigged emission tests • The falling value of the pound, making it difficult for the industry to continue with the discounts and offers that were previously fuelling the new car marketThe recent rise in the Bank of England interest rate (the first for over ten years) is only likely to make things worse.