Car Industry Hits a Low

June 13th, 2009 by admin

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 should help promote the industry.

Authorities have indicated that the scheme is intended to help remove pollution, but I personally believe that they are doing this to revive the car industry.

A lot of folk have actually turned to purchasing used cars instead of new ones as they tend to be a lot cheaper, but is this always the case? From personal experience when people buy a new car they end up paying a huge amount to get it fixed. The thing about purchasing a new vehicle is that you are always guaranteed that you can use it for at least 2 years without it causing a problem for you.

Although the car industry is still suffering at the moment 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. Lets just hope that the scrappage scheme will last forever.

Do you want to Buy a New Alfa Romeo or Buy a Nissan