Car Sales Rose Dramatically In January
Where Do You Live?
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
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. The recession has to be the cause of people not buying cars last year,it was not known what the recession would do so they were unprepared to spend money.
The car scrappage scheme has actually been extended even further to March and this is one of the big reasons people are spending money on cars. 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.
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.
Sticking Around?
When you look at the predictions for this year I have to say that it isn't looking good. 1.Although an expected 82 million cars are meant to be sold this year when you compare it to last year it will be 10% down. Last year was the lowest number of cars sold since 1995.
It is certainly going to take a long while for people to recover from the recession there is no doubt about that. 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 lease cars and cheap van leasing.
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