U.K. Car Sales Falling at Fastest Rate Since 1991, Times Says

By Andrew MacAskill

Nov. 5 (Bloomberg) -- U.K. car sales in October fell at the fastest rate in 17 years, figures will probably show today, the London-based Times reported, without saying where it got its information.

New car sales fell by as much as 25 percent during the month, the Society of Motor Manufacturers and Traders may say today, the newspaper said. The decline would be the steepest since June 1991, the Times said.

There was a drop in demand for all categories of cars, with premium car brands and sport utility vehicles particularly slow, the Times said.

To contact the reporter on this story: Andrew MacAskill in London at amacaskill@bloomberg.net