It would certainly seem that the sales of cars have rocketed in January but why is this, are people really feeling the end of the recession?
The Reasons
Sales have risen by a lot, 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. 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.
The Future?
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. 1995, this was the last time the sales of cars reached this low.
The recession has officially come to an end (apparently) but people are not just going to recover overnight. They would rather concentrate on things like housework and working on their homes than buy something they want but really do not need.
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.
