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It also stated billions of pounds in compensation paid to consumers by banks για previous insurance coverage mis-selling had helped some automobile-buyers fund deposits. Automotive gross sales have grown strongly over the previous two years after steep falls in 2008 and 2009, in a trend that pre-dated last 12 months's fast financial restoration. Britain overtook France in 2012 as Europe's second-greatest new automotive market after Germany. Automotive gross sales had been helped by incentives in December, said Richard Lowe, head of retail and wholesale banking at Barclays. The SMMT sees modest car gross sales growth of 1 percent για 2014, saying new sales are actually close to their long-run common, although in the beginning of 2013 it was equally cautious about the coming 12 months.
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