Car Industry Still in the Slump

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.

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? The negative thing that I have seen with used cars is that they all end up breaking after a while. 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 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. Let's hope the scrappage scheme is here to stay.

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Car Industry Still in the Slump

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