Cars Are On The Up In Early 2010
Where Do You Live?
Car sales seems to have risen by a hell of a lot over the month of January but is this because people are thinking the recession is over or is it something else?
The Reasons
Well the sales have actually risen by a massive 29.8% from the previous year but this will most likely be because the world’s motor industry was in a bit of a state this time last year. There were so many people last year that were just too scared to buy something like a car because they didn't know what the recession would do to them.
The government’s car scrappage scheme had a lot to do with it too as this has been extended to the end of March. Basically this will allow motorists £2,000 to trade in an old care for a new one and the figures are that one in five car sales this January were made by this means.
Once the Christmas bills have been paid it is time to look at how much money is left over at the beginning of the year and some of this could go to a really nice car, after all if you have the money you would do it.
The Future?
When you look at the predictions for this year I have to say that it isn't looking good. 1.Although an expected 82 million cars are meant to be sold this year when you compare it to last year it will be 10% down. Last year was the lowest number of cars sold since 1995.
The recession has officially come to an end (apparently) but people are not just going to recover overnight. The fact is that many people are spending their money on their homes now trying to fix them up because they haven't had the money in a long while.
Even bad credit car loans are going to be expensive. The best thing to do it look out for cheap lease cars and cheap van leasing.
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