Posts Tagged ‘Car Price’
My wife Totaled her car on her way to work and I lost my job. Does anyone in Western New York have a used car for sale in that price range?
The credit crunch is biting all around and everyone from supermarkets to airlines to car dealers are feeling the pulling in of belts and the loss of sales.
New cars are no exception. Many new cars are used as fleet cars or company cars, from the Lexus to the BMW, and those same companies are decreasing on their unnecessary spending budget and making the cars they have last another year or so in order to see how finances pan out. This hits the car dealers pretty hard.
The sale of new cars such as Lexus and Mercedes and even your average Ford are down by just over twenty per cent on last year’s figures. Given that this is the time of year when new car sales are made up with the bulk of their annual sales thanks to the new registration plate, this is disappointing news and a little worrying. These are the worst sales figures in the motor industry in seventeen years.
Outlets orders to manufacturers have remained the same leading to a back log of vehicles stored at ports with no homes to go to as the expected space in the showrooms has not materialised. Of the drivers who can afford new cars, many are turning to the smaller, more economical version with lower tax expenses and more fuel efficiency. Of course, Lexus and BMW do eco-friendly versions but they still come with luxury car status and as such, they are accompanied by a luxury car price tag.
The blame for the lack of new car sales is being attributed to the current financial crisis and a lack of confidence in job security. This is making people reluctant to pay out for new cars unless they are absolutely necessary, but the good news is for those who can afford a new car. The chances of them getting a good deal right now when dealers are desperate for a sale are quite high.
More depressing news from the motoring world came in the form of car parts suppliers, LSUK, axing 600 workers after the business went into administration following a failed takeover. The company have 53 branches nationally and all workers have been issued with redundancy notices until a buy-out can be secured.
The motoring industry is looking to the government to ease the situation for new car dealers by capping the increases in vehicle excise duty along with other measures. The sale of new cars has been falling all year at a rate of 7.5 per cent over the last year but the chain of events in the world’s finances has seen that dip to the twenty per cent drop that we now see.
Much of these sales drops that are currently being witnessed are with the larger car manufacturers, with the exception of Audi and Jaguar who enjoyed a slight increase. However, the Vauxhall Corsa turned out to be the best selling car followed closely by Fiesta, Astra, Focus and Golf’s. So, it would seem that people really are opting for the smaller car.
Despite Jaguar and Ford not seeing so much of this downturn, they are still taking precautionary measures to cut back with the Ford Transit plant in Southampton being put on a four day week until further notice and Jaguar cutting back on the volumes they produce. This just goes to show that the economic problems are effecting industries other than banking and that we all need to keep a tighter grip on our money.
Car sales in Australia are improved last year 2007, but this year its quiet flipped because of some global problems like the increase of fuel price in International market in the previous quarters of 2008. Australia have a more than 15 million motor vehicles on the road which is about 77% are passenger vehicles. Last year over 1 million vehicles are sold in Australia which is 60% of that was passenger vehicle cars and the remaining percentage are sold SUVs.
According to the car sales from November, 2007 to November, 2008, the car sold are seasonally adjusted depends on every month of the year. And it depends also into the car sales of every city in Australia. Because some of the cities have decrease each sales and some are increase. But In general, the sales are depreciate this year because of fuel price. But it doesn’t mean that car sales are totally lowered in percentage, there’s a little bit adjustment only. Because of this quarter of the year, the car sales are on the go for booming it again. Due to the lowering of fuel price in international market, many of car buyer are on the go again to buy some cars.
The most car model sold are Toyota which have an about 22.5 percent share. Next car model sold are Holden who has 14%, and Ford that has 10% market share in Australia. Because of the number of passenger cars in Australia, the most sold car are Toyota corolla which is often to be a passenger car. So, you can notice the depreciation of private vehicles sales. In that matter, the fuel turmoil during the previous quarters of the year is the main reason why the car sales are low. That’s why, car industry are still on recovery in this quarter.
About the sales of used cars versus the new cars, used cars are more sales than new cars. No wonder because all over the world. In car industry, used cars are most in retail because of the economical price of it. If you compare of the new cars, used car price are almost half of the price of the new car. When it comes to the quality of the engine, new car is advantage. But when it comes to the price, used car is advantage. But you need to check the quality of the used car you want to buy. Since it was used already, you are not assure of the quality of it. You need to check the parts of it (Engine, Body, Chassis). Unlike the new cars that you don’t need to check it because it was surely on the good condition. In Australia, used cars are greater in sales because of the lower price of it than the new cars. The best example or used cars great sales are this year 2008. Because or the fuel hike, car buyers are made their own choice to buy used cars in order to get a lowest price. In generalization, the win-win situation when it comes to the car sales this 2008 was in favor of used car dealers.