New car sales – motoring on

New car and light motor vehicle dealers can be a little more optimistic over the next five years. Car sales are forecast to recover as economic conditions improve. IBISWorld estimates that industry revenue will grow at a compound annual rate of 1.3% over the five years through 2018-19, to reach £96.9 billion. However, the economic recovery will be slow and operating conditions in the industry will remain fragile due to market saturation and changing driving habits in reaction to volatile fuel prices. Read the full report on IBIS.