In the last few months I have noticed an increase in a lot more used cars for sale whether it has been in my local paper or on the side of the road. Why is this the case?
I have been pondering over this for a while and I think there are a few factors that have to come into the equation one being the recession which is a big part and maybe deep down this is the main reason but there are a few good reasons that I will go into a little later on.
So the recession in a short explanation means there is a lot less money going round which has a butterfly effect right across the board. You see when money starts getting tight people tend to hold on to what they have got or simply try and sell everything to help raise the money.
So maybe a few households have decided that they cannot afford to run two cars and have decided they need to pay of some credit cards so they think, sell the car they don’t really need and use the money wisely 88카.
You can buy bulk lots of cars from garages, normally the rough trade ins they get and this means that providing you have the storage you can sell them on again, but I don’t think that is the main reason why there is a lot of used cars for sale.
The other idea I have been thinking is maybe that they can’t actually sell them so there is a backlog of old used cars for sale which is more obvious especially where the car on the side of the road would sell very quickly it now doesn’t.
However this may be something to consider, the reason why there is a lot of used cars for sale is simply that people want used cars in the recession, in fact I know that garages boom in the recession because people don’t want to spend good money on a new car. A second hand car can last you a long time and for not much outlay either.
So that’s the reason why I think there is a lot more used cars for sale and that is because of the old business fundamentals of supply and demand. The more the public demand the more cars are going to be sold.
The used car market in previous years boomed when a recession came and many people I know who are second hand car dealers made their most money in the recession so this recession is no different and the used car market I think is going to boom again. You see the less money people have the more they try and budget and with a newer modern car a lot of the servicing has to be done by the dealer or a qualified mechanic now when there is little money around and people are worried about losing their house, spending £300 on a service is just not an option and so they are going to look towards an older more home mechanic friendly car.
With older cars, changing the oil and the plugs is generally a simple task and can be done by most people and especially as there is a Haynes manual for almost every single car produced so doing the normal servicing tasks is a simple step by step job.