High Prices

Garage salesmen constantly incline to step-up the cost of a vehicle a vast amount. I have actually witnessed some salesmen increase the price by up to 50%. So if you really do like the vehicle they are selling then try to haggle with them. Because in the end if they do not accept it then its their loss.

Wont Leave You Alone

If you take a look at the vehicle and the saleman promptly approaches you. In most likeness that vehicle probably has something wrong with it. Salesmen have a tendency to try and get rid of their cars that are falling apart and they dont care how they do it, as long as they make a bit of money.

Finance Deal

There are vast amounts of garages that have united forces with finance companies to get rid of their cars even quicker. This was something that I actually experienced first hand, looking at a car you realise that you cannot afford to buy it, but the salesman says that you do not have to pay anything. A few months down the line you get stuck in a contract with huge interest rates and have a terrible car.

Do you want to Buy an Audi or Buy a Renault

The second hand car market is one of the few parts of the motoring industry that has grown because of the recession. The prices of second hand cars have been doing the opposite to many things in the recession, they have been rising. This may not sound very positive for the customer because you will have to pay more for used cars for sale, however, if you choose to trade in your old car, you will get alot more money for it than previously.

The main reason why the second hand car market is becoming so busy is that many people are trying to save their cash, while still having a car. In an attempt to do this, they opt for buying a second hand car rather than a brand new one. One recent thing that definately hasn’t helped the position of the new car market is that due to the recession, new car prices have actually gone up. You’d think that would be the last thing car manufacturers would want to do, however, because the current exchange rates are so poor, manufacturers are forced to raise prices.

As a result of more people opting for used cars, the demand for these second hand cars has seen a dramatic rise. As the demand for second hand motors rise, plus with the scrappage scheme resulting in more scrapped cars, the job of finding a good used car is becoming harder. Now because used car dealers are running out of cars to sell, they are offering more for trading in a car, making it sound like a better deal for car owners looking to sell.

The only downside to this is that because you are getting more money for your old car, you are having to pay more when you buy your new used car. So because the price rises are on both sides, selling and buying, you are not actually getting any extra cash for your car because you lose it when you buy a new one, but the majority of the public would still prefer to buy a second hand motor rather than a buy a Toyota straight off the production line.

The only people that look to lose out from the price rises are the customers that choose to not trade in an old car.

Vehicle sales in India are set to make a steady increase by at least 10 percent alone in the year to March 2010 which is double and April estimate for a 5 percent expansion. The thirteen car producers in India sold 1.22 million cars last year which is a fantastic statistic to think about especially when the car industry is taking a big blow right now.Economies in India and China are set to boost. So, before they do companies from all over the world are trying as hard as possible to get their investments in place in time to make some serious money off of this profitability.

The market for used cars in India has also risen with the need to buy an audi or buy a renault dropping. Used cars these days are extremely reasonable in over populated regions of the world like India and people are more than prepared to make the most of this now. China, japan and America are amongst several countries that are offering a mix of credits and tax breaks to try and boost auto sales by getting consumers to trade-in old cars for newer, more fuel efficient models which is thus helping keep the environment clean and safe. India’s central bank ploughed roughly 5.6 trillion rupees into the economy which together with the government fiscal stimulus amounted to more than 12 percent of gross domestic product. Car sales also gained in India by 1.3 percent in the fiscal year which ended in late March, the slowest pace recorded from the last seven years. There is clear evidence that the bad economy has had a massive affect on us all yet with the overwhelming population and workforce from India and China the economy can grow and recover quicker.

The English engineering team is very technical and some of the brightest minds in the world have been mixing togetehr to try and get this car working to its full potential. In conclusion this is brilliant news for the car industry. Over a hundred car manufactures have contributed to the worlds fastest car and the demand to buy a renault has risen slightly in the local area. Except from the fact that people have been urged to buy a honda for example the interest in the car industry has been given a new spark.

The world record for land speed has not been broken in over 100 years and there is an incredible amount of interest into car manufacturing being sparked from this event. Breaking the land speed record has really emphasised our advances in technology over the last twenty years and I believe it is only a matter of time before we see this land speed record broken again.