The
car industry is feeling the pressure of the global recession,
with new
car sales falling 36.8 per cent in November. Following a good
decade, in which
new car registrations soared, the
Society of Motor Manufacturers and Traders have now made it
clear that the car industry is in trouble.
Sales to private customers are even worse affected than
fleet car business, it seems that no one is buying
new cars . Consultant Editor of
Top Gear magazine, Paul Horell, reportedly explained why some
people
buy new cars: It's no different than buying anything
else. Why are people still buying new televisions? They want the
newest thing and they want something that somebody else hasn't
had before. The
second-hand car looks like a bargain but some people just want
something that's factory fresh.
For those buyers looking for a
new vehicle in today’s market, the opportunity for
bargains is great. UK sales are down for all of
luxury car marques, as
car finance becomes more scarce. Buyers with
cash can get great deals on both new and
used vehicles .
