Recession End Knocking prices Of Cars Up
All the figures show pretty much worldwide that there has been growth in many economies and even though we are not likely to get back to normal for a while, things seem to be improving. When this type of news occurs, then consumer confidence rises and this may be a factor to why many vehicles at auctions are going higher in price than expected.
There are many customers leaving pre bid amounts at the salvage auctions only to find vehicles seem to be realising higher prices. It also could be many have delayed any big purchase for so long now, that when even a glimpse of an improvement in the economy send prices higher.
We have noticed in the UK a shortage of salvage cars for sale, probably due to the holiday period where cars have been delayed from auction until sufficient staff are back into the salvage yards to service the sales and quantity of cars.
The new car market has only seen a very small increase in new sales, as it is difficult to measure if the scrappage scheme is working, as the growth experienced in Germany has just not happened over here. Anyway, if you are after a bargain, get out your glasses guide and recheck you prices, just to make sure you can buy as much as you could 6 months ago.
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