Car Sales Back On Track?
The sales of cars has risen by a lot in January but is this because people are feeling the end of the recession or is something else at work?
The Reasons
Sales have risen by a lot, a massive 29.8% from 2009 which is brilliant but lets not forget how much of a state the world was in 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.
The Christmas period is over and people will perhaps have a bit of extra money spare around the late January early February time and having a really nice car is just one of those luxuries you are going to have if you have a bit of spare money.
Sticking Around?
However when you look into the overall predictions for this year you will see that it isn’t looking great. 1.82 million cars are expected to be sold this year which although sounding brilliant is actually a fall of nearly 10% since last year. The last time that the sales of cars got this low was 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.