It would certainly seem that the sales of cars have rocketed in January but why is this, are people really feeling the end of the recession?

The Reasons

Well the sales have actually risen by a massive 29.8% from the previous year but this will most likely be because the world’s motor industry was in a bit of a state this time last year. There were so many people last year that were just too scared to buy something like a car because they didn't know what the recession would do to them.

The car scrappage scheme has actually been extended even further to March and this is one of the big reasons people are spending money on cars. This actually aloows people a £2,000 trade in sum which of course is why a lot of people are trading in their cars for a new one.

The Christmas period is over and people will perhaps have a bit of extra money spare around the late January early February time and having a really nice car is just one of those luxuries you are going to have if you have a bit of spare money.

Sticking Around?

When you look at the predictions for this year I have to say that it isn't looking good. 1.82 million cars are expected to be sold this year which although sounding brilliant is actually a fall of nearly 10% since last year. 1995, this was the last time the sales of cars reached this low.

It is certainly going to take a long while for people to recover from the recession there is no doubt about that. DIY is becoming far more important for people at the moment which is why a lot of people are spending any extra money they have on their homes.

Even bad credit car loans are going to be expensive. The best thing to do it look out for cheap car leasing and cheap van leasing.