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Over the past few years the used cars market has seen a declination in the quantity of revenue and gross sales that are made. Used car turnover for dealers was basically down around £24 billion in 2008 as almost half a million less cars were sold then the previous year.

 

We wholly acknowledge that this was due down to the credit crisis that struck the whole globe late in 2008. People began to panic and control their money and one thing in life that people could afford to cut down on was purchasing a car and we all know that the huge majority of people chose to drive a used car because they can get more value for their money.

 

So what happened in 2009? And why is the used car market still suffering? Well I think that this all boils down to the vehicle scrappage scheme. Although it has been great in boosting the new car sector, it has left the used car sector crawl behind.

 

When people want to buy a new car they usually put their old one for sale, this then gets sold to a newbie driver who then passes it on and does the same thing. But because of the scrappage scheme people are rather choosing to hand it in to a participating garage and getting themselves a brand new car.

 

I do anticipate the secondhand automobile marketplace to get back up on its feet in 2010, as the scrappage scheme will not last forever I mean in the end its the authorities who are backing it and it has probably already costs millions of pounds to save the modern automobile market, but on the other hand it has hurt another market even worse.

 

Do you want to Buy an Audi or Buy a New Mercedes

 

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