News Column

SMMT Figures - Barclays' comment

September 5, 2014

ENP Newswire - 05 September 2014

Release date- 04092014 - Richard Lowe, Head of Retail & Wholesale at Barclays, comment on today's SMMT figures.

'August continued to see growth in new car sales, although inevitably will see fewer registrations than September, which is revving up to be a bumper month due to the hotly anticipated new plate change. The UK's passion for new cars remains strong, as consumers continue to make the most of attractive finance deals. I expect some natural cooling off in the coming months, and a future interest rate rise will have some impact as it will increase the cost of finance for car buyers.'

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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