Posts Tagged ‘Luxury Car’
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.
The car shipping services are gaining more and more customers as the world becomes almost entirely globalized. Anything from motorbikes to lorries or trucks can be shipped by the companies involved in this business! The online car sales and car auctions are also among the things that have had a positive influence on the demand for car shipping services. The outcome of all this is the fact that today there is a wide range of car shipping companies to choose from. However, picking a car shipping service that is suitable for your car is no easy task at all!
The first thing you must decide upon is whether your car needs to be enclosed in a container or not during shipping. The truth of the matter is that enclosed containers are more expensive. In this particular case, your car will not need to suffer from wind or rain during transportation. Therefore, should you be the proud owner of a luxury car, this is the only method to really protect your investment.
Another thing to keep in mind is the car inspection. Most car shipping companies will have a car inspection checklist before and after the car is shipped. You must absolutely go through that checklist and make sure your condition of the car is checked correctly before shipping.
The shipping routes are also important. Some of the car shipping companies can deliver it to your house. It may be to your disadvantage that some of them only deliver to major cities and certain pickup locations, after which you are expected to go there to collect the car yourself and at your own expense. There are also a number of car shipping companies, which will charge an additional fee to ship it to your house. Therefore, it is very important you check with the company before you make the shipping arrangement.
Last, but not least, you must know a few things regarding the car shipping insurance. You may want to check with the car shipping companies on the shipping insurance coverage on your car and the cost involved. Most car shipping companies include insurance in the total shipping cost. The ones, which do not include them at some point, will surely require an additional charge in the end.
To sum it up, it is very important to know the precise costs involved in any car shipping situation!