News Column

SMMT Figures - Barclays' comment

August 6, 2014

ENP Newswire - 06 August 2014

Release date- 06082014 - Richard Lowe, Head of Retail & Wholesale at Barclays, comments on today's SMMT figures.

'The market is still very buoyant, but as predicted we're seeing a seasonal slowdown in the growth of new car sales. This isn't a bad sign as the UK market has been performing at record levels which could have led to supply outstripping demand. Looking ahead, I expect the rate of growth to remain steady for the next few months, as manufacturers maintain pressure on dealers to keep products moving.'

Notes to Editors:

For further information about Barclays Corporate Banking, please visit our website

About Barclays

Barclays is an international financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions - in the right way.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 135,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website

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Source: ENP Newswire

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