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
The amount of sales have really gone up by a lot, 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. Many people were so worried on what the recession was going to do to them that were just not going to risk spending money on a new car.
The government’s car scrappage scheme had a lot to do with it too as this has been extended to the end of March. This actually aloows people a £2,000 trade in sum which of course is why a lot of people are trading in their cars for a new one.
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.
Is It Going To Hold?
Well it would certainly seem that overall the motor industry is set for another bad year. 1.The figure of cars that are expected to be sold this year is around the 82 million mark which although sounding great is 10% down since last year. 1995, this was the last time the sales of cars reached this low.
The recession is apparently over but there is no way people are going to recover from it for a long while. DIY is becoming far more important for people at the moment which is why a lot of people are spending any extra money they have on their homes.
Even bad credit car loans are going to be expensive. The best thing to do it look out for cheap car leasing and cheap van leasing.
