Car credit 'should remain affordable after interest decision'

     
  08/05/2008 16:53:45  
 

The Bank of England's interest rate decision today should keep consumer vehicle credit affordable, an automobile industry body has claimed.

According to the Retail Motor Industry Federation (RMIF), it is disappointing that the Bank has not chosen to cut the base level of interest from five per cent and commented that it would like to see this happen in June.

It added that April's 2.2 per cent rise in vehicle registration was pleasing and kept the annual rate in-line with figures from 2007.

And the body believes that the car market will remain strong so long as manufacturers provide incentives and competitive credit deals across the industry.

The organisation's website states that the RMIF is the trade association for the retail motor industry.

It breaks down into divisions which deal with scooters, motorbikes and vehicle auctions.

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Motoring enthusiasts who love their racing history may be interested to learn that the new Corsa touring car is set to be one of the featured vehicles at a retrospective of the British automaker's output. ... Read more

 
  Fiat Bravo helps automaker post profit growth 27/04/2007 15:43:35  
 

Fiat group has announced its ninth successive quarterly rise in year-on-year profits, in part thanks to robust demand for the new Bravo. ... Read more

 
  Hyundai Coupe SIII demand jumps 26/04/2007 16:08:20  
 

Hyundai has revealed that year-on-year sales of its Coupe SIII grew by a half over the last 12 months. ... Read more

 
  Ford Mondeo's Sport button welcomed 25/04/2007 16:22:25  
 

The long-awaited new Ford Mondeo has finally arrived with one independent reviewer singling out its sporty performance for particular praise. ... Read more

 
  Misplaced coins 'could buy 1,200 Chevrolet Matiz cars' 24/04/2007 16:56:53  
 

Chevrolet has sought to graphically illustrate the implications of losing coins down the back of the seats, car buyers may be interested to know. ... Read more

 
  Vauxhall Vectra's racing performance praised 24/04/2007 16:56:17  
 

The performance of the specially-adapted Vauxhall Vectra has been praised at the latest Dunlop MSA British Touring Car Championship race weekend. ... Read more

 
  Vauxhall Vectra touring car driver promotes sport to youngsters 23/04/2007 17:10:54  
 

Vauxhall has reaffirmed its commitment towards promoting motor sports to a wider audience after a group of primary school children were given a tour of the VX Racing garage. ... Read more

 
  Vauxhall Vectra tipped for strong BTCC showing 20/04/2007 17:06:27  
 

The Vauxhall Vectra could be the toast of the Dunlop MSA British Touring Car Championships (BTCC) this weekend, if a prediction from one of its drivers comes true. ... Read more

 
  Seat Toledo Sport details announced 19/04/2007 15:49:19  
 

Motorists looking for a sporty hatchback have been put on alert after Seat confirmed details for the new Toledo Sport. ... Read more

 
  UK set to build Vauxhall Astra successor 18/04/2007 16:10:27  
 

The UK heritage of the Vauxhall brand has been reinforced after US owners General Motors confirmed the country was among four preparing to build the successor to the Vauxhall Astra. ... Read more

 
  Citroen C4 awarded to Aintree's snappiest dresser 17/04/2007 16:28:47  
 

Citroen has reaffirmed its commitment to stylish design by giving a brand new car to one racegoer at the world's most famous steeplechase. ... Read more

 
  Mazda6 resale value recognised 12/04/2007 17:04:54  
 

The five-door 2-litre Mazda6 has been independently praised for having strong resale values, fleet managers may like to know. ... Read more

 
  Ford Focus declared Used Car of the Year 2007 12/04/2007 17:04:05  
 

The second-generation Ford Focus has been named Used Car of the Year 2007, fans of the blue opal may be interested to know. ... Read more

 
  Vauxhall Vectra successor snapped 05/04/2007 17:26:08  
 

Motorists looking to upgrade their Vectra have been given a sneak peek of the next-generation version - a full year before it arrives in Vauxhall car dealerships. ... Read more

 
  Vauxhall owners alerted to discounted air conditioning checks 04/04/2007 16:05:34  
 

Vauxhall owners have been put on alert after it was revealed that they can get their air conditioning units checked over for discounted rates. ... Read more

 
  Citroen C5 estate will offer "huge load area" 30/03/2007 15:27:46  
 

An automotive publication has snatched a sneak peak of the forthcoming Citroen C5 estate. ... Read more

 
  Driver-less Seat Leon outpaces the best 28/03/2007 17:03:19  
 

Seat's commitment to advanced motoring technologies has been underlined by the news that it has just developed a driver-less Leon that can outpace former touring car champions on the racing circuit. ... Read more

 
  Ford Focus CC aesthetics admired 28/03/2007 17:02:43  
 

Fans of the blue opal may be interested to hear that the visual impact of the Ford Focus CC has been praised in a recent review by an automotive journalist. ... Read more

 
  Fiat Bravo's Blue & Me System "good value" 27/03/2007 15:54:55  
 

An automotive journalist has pointed out some of the best features of the new Fiat Bravo, including its integrated entertainment and direction-finding system. ... Read more

 
  Ford scoops fleet prize ahead of new Mondeo launch 22/03/2007 16:58:39  
 

Ford has been named as the best automaker by the fleet industry as it prepares to launch the all-new Mondeo, company bosses may be interested to hear. ... Read more

 
  Mazda6 named best large family car 21/03/2007 16:12:07  
 

The Mazda 6-series has been praised as the best large family car around, motorists may be interested to know. ... Read more

 
  Ford Focus Flexible Fuel Vehicle's eco-friendly motor highlighted 20/03/2007 15:52:24  
 

The green credentials of the Ford Focus Flexible Fuel Vehicle have again been underlined, in news that may be of interest to motorists looking to reduce their carbon footprint. ... Read more

 
  Ford Focus promotes flexible-fuel sources 19/03/2007 15:05:49  
 

The Ford Focus is set to star at a forthcoming eco-awareness motor show, as the American automaker reaffirms its commitment towards alternative fuel sources. ... Read more

 
  Vauxhall Vectra beats all comers in touring car tests 15/03/2007 17:29:42  
 

The Vauxhall Vectra has staked its claim for the hearts of motor sport enthusiasts after posting the fastest times in practice for the new touring car season. ... Read more

 
  For your drive only… 14/03/2007 16:20:14  
 

James Bond aficionados will soon be able to get behind the wheel of their very own Bond car, it has been reported. ... Read more

 
  Seat Leon gets up close and personal with Shakira 13/03/2007 17:31:58  
 

The Seat Leon was the centre of attention at the Geneva motor show as chart-topping Colombian singer Shakira helped unveil a custom-designed model destined to be given away via a charity raffle. ... Read more

 
  Kia Rio Hybrid 'part of wave of green motors' 13/03/2007 17:31:15  
 

Kia has displayed the new Rio Hybrid at the Geneva motor show as it seeks to underline its green credentials. ... Read more

 
  Fiat Bravo 'looks like a larger Grande Punto' 12/03/2007 17:31:20  
 

The design of the new Fiat Bravo bears a striking resemblance to the Grande Punto, according to one automotive preview, which may be of interest to Fiat enthusiasts looking for a larger motor. ... Read more

 
  Redesigned Kia Rio Hybrid makes European debut 08/03/2007 15:23:26  
 

Kia has confirmed that it is displaying a specially-designed version of the Rio Hybrid in Europe for the first time, in news that may be of interest to car enthusiasts looking for an eco-friendly drive. ... Read more

 
  Fiat Bravo set to showcase new integrated sat nav device 05/03/2007 17:11:46  
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