| | | | | If you are fortunate enough to be able to buy your |
| At this time auto car dealers are having a credit | | | | new or used car from an auto car dealer, you will find |
| crunch too, after a few years of booming car sales, | | | | yourself spoilt for choice and if you stay strong in the |
| the financial market is hurting them badly. | | | | bartering bit you can surprise even yourself with the |
| | | | | savings, extras, you can achieve. |
| New car sales at auto car dealers are at the lowest | | | | |
| point since 1966, we have just had the new 58 | | | | But for auto car dealers therein lies the problem, not |
| registration number plate out and it is rare to see one. | | | | nearly enough of us are in the market for a new or |
| This downturn will have a dramatic effect on the used | | | | used car, manufactures have created a problem for |
| car market too. | | | | themselves, thank goodness I might add, it is this: Cars |
| | | | | made over the last 10 years or so are very, very |
| There is a rumour going round that one of the largest | | | | reliable, so in buyer’s terms, if it ain’t broke, why |
| auto car dealers is in financial trouble. With new car | | | | change it? |
| sales being down, used car prices going into freefall, | | | | |
| then taking into account recent acquisitions of new | | | | Like many industries at this credit crunch time, auto car |
| premises over the last year, money spent on making | | | | dealers are right in the thick of it, jobs might be lost or |
| the business even larger with the debts involved is | | | | saved in the ‘city’, but jobs will only be lost in this |
| coming back with disaster written all over it. | | | | area, car makers have already laid workers off, down |
| | | | | numbered the number of shifts, slowed, even stalled |
| It won’t be alone, auto car dealers are not the only | | | | production on some vehicles, it is a worrying time for |
| ones in trouble, when recession hits and spending is | | | | far too many families. |
| frozen by a struggling populace, car servicing takes a | | | | |
| back seat and you can’t blame people for that. It | | | | It is not just here in the UK, this is affecting auto car |
| may in many cases prove a false economy but there | | | | dealers, manufacturers globally, production is grinding to |
| we go. | | | | a halt, knock on effect means less replacement parts |
| | | | | and so on. I take no pleasure in stating it is all too much |
| At the moment it is the same as in the property | | | | doom and gloom at the moment, it will get better but |
| market, it is a buyer’s market and auto car dealers | | | | not for a long while yet. |
| are very aware of it, as a buyer you don’t have to | | | | |
| wait for the end of the month to get the best deals, | | | | In my next article I will turn to jollier matters, in the |
| any time will do. | | | | meantime though, when driving, short distance or long, |
| | | | | please, please, please wear your seat belt. |