UK: Middle East war unlikely to slow car sales for long says Glass's Guide
According to Glass's Information Services, armed conflict in the Middle East is unlikely to lead to a significant long-term downturn in sales of news cars, or cause a marked drop in used car values. "If the UK is involved in any invasion of Iraq, many consumers are likely to delay any potential vehicle purchases so that they can see if their spending power will be affected in any way," Glass's senior car editor Jeff Paterson. "However, this lull in sales activity is unlikely to extend beyond a month or two." Glass's points out that a brief hiatus in sales would replicate the impact on the UK car market of both the first Gulf War in 1991 and the Falklands War in 1982.
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