Motor trade insolvencies drop slightly

Minor drop in garages closing, but still a bleak period according to research

Published:  27 October, 2010

/>Despite this, data released by credit company Experian shows that September and October saw a slight drop in garages failing compared with the same period the previous y

/>This is in line with numbers from the same organisation, which suggested that the failure rate had been levelling out during July and Augu

/>The overall change was fairly slight, with 37 garages closing in September, compared with 42 in the same month last ye

/>Yorkshire was the only region to see an improvement between August and September.  The insolvency rate for the East Midlands, West Midlands and Eastern England remained static, but the remaining regions all saw an increase.  However it was the North East that saw the greatest increase - from 0.06 per cent in August up to 0.15 per cent in September. &#

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