Car Sector Still Suffering

Posted on July 1, 2009
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Just recently statistics have been released that shows new cars sales have fallen to their lowest April level for the last 18 years, which has also ultimately made it the eleventh month in a row of decline.

Car manufacturers and dealers are staying calm though as they believe the new scrappage incentive scheme with help boost sales. This hopefully should kick start the industry.

Government officials have said that the scheme is actually designed to remove polluting cars from the road, but I personally believe that it has much more too do with the current economy, they are trying to get the automobile industry live and kicking again and the best way to do that is by offering people a bargain.

A lot of people have actually turned to buying used cars instead of new ones as they tend to be a lot cheaper, but is this always the case? From what I have noticed over the last few months when folk buy a used car and then end up paying a huge amount to get it repaired. The great aspect about buying a new car is that you are guaranteed it will not break down on you for atleast two years.

Although the motor sector is still suffering at the current time I do expect it to pick up by the end of the year, we all know that the government are injecting money into the global economy so things should only start to look better. Let's hope the scrappage scheme is here to stay.

Do you want to Buy a new BMW or Buy a Nissan