Early 2010 Looks Good For Cars
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% which of course is great news but remember how much of a state the world was in last year around this time. 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. 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.
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.
Is It Going To Hold?
However when you look into the overall predictions for this year you will see that it isn't looking great. 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. The last time that the sales of cars got this low was 1995.
It is certainly going to take a long while for people to recover from the recession there is no doubt about that. 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.
