Car dealers are feeling the consumer pinch. In the first eight months of 2005, registrations of new cars in the UK were six per cent lower than 2004. However, several astute operators are riding out the subdued market with canny strategies.
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The UK's automotive industry contributes 3.4 per cent to gross domestic product and automotive products make up nine percent of total export sales, according to the UK Trade and Investment Department (UK TID). In 2003, UK vehicle production rose 1.4 per cent to 1.85 million.
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Having declined to its lowest level for more than a year in late September (losing a quarter of its value in three weeks along the way), the Aim index has found bouncing back more difficult than London's other markets.
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