UK: INCREASE IN HOME OWNERSHIP

Article Abstract:

The amount of home owners in the UK rose to 69% between 1996-1998, following a period of stagnation during the first half of the 1990s, revealed the Office of National Statistics' General Household Survey released on 2 March 2000. During the 1980s, 66% of people were home owners, due primarily to the sale of council homes, economic fears and the recession led to the figure remaining static. Over the past four years, 0.73mn additional homes have become privately owned, an indication of the secure nature of life in the UK. In 1998, 28% of households had access to at least two cars, compared with 9% in 1972, while between 1996-1998, the number of households with a home computer rose by 7% to 34%.

Electronic Computer Manufacturing, Analog & Hybrid Computers, Residential Buildings, Residential Building Construction, Construction industry, Computer industry, Microcomputers, Residential construction

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UK: HIGH PRICES DETER NEW CAR BUYERS

Article Abstract:

According to a survey by Mintel, 55% of respondents felt that they would be more likely to be ripped off purchasing a new car compared to 27% who thought that they would be overcharged buying a second hand vehicle. Many respondents said that they are waiting for prices to fall before deciding to purchase a new car, with some even contemplating buying their cars abroad. The survey also found that the three main criteria for selecting a car were, running costs, suitability to family requirements at 51% and 43% respectively with 42% saying that safety and brand reputation were also important factors.

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UK: LUXURY CAR FIRMS UNDER PRICE PRESSURE

Article Abstract:

In order to entice private buyers back to the showrooms and end the so-called 'rip-off' Britain campaign, UK-based luxury car manufacturers are starting to plan major price realignments. Although some manufacturers and dealers were spurred on by the introduction of new legal orders to force greater competition in the sale and supply of new cars, the industry as a whole is coming under the greatest pressure from customers themselves. The cheapness of similar models on the continent, driven by the strength of sterling against the pound, has been attracting potential buyers away from the UK market. However, elite carmakers, such as Rolls-Royce and Jaguar, still believe that can resist the trend, as their only competitors in terms of price are works of art and racehorses.

Labor force information, Industry Market Data, 21st century AD

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