With the fact that the economy is at one of its lowest ebbs in living memory, of late, this has had a detrimental impact on the new car market. People quite simply do not have the money to splash out on brand new cars, especially when the manufacturers are not making any effort to make them more affordable to the public and the UK is continuing to be ripped off with new car prices, when compared with other European countries.
If you consult sites such as Car Insurance Claims and Information you will soon be able to read the doom and gloom stories that are prevalent within this market at the moment. A few years ago, the Government had to intervene to make the prospect of a new car more attractive; but without such incentives now, the public quite simply are not buying new.
We all need cars at the end of the day, so while the new car market is suffering badly, the used car market is experiencing a boom. It appears to be the case that people are tending to just tide themselves over with a second hand vehicle for now.
If anything is drastically going to change in the new car market over the next 2 years, or so, the manufacturers are going to have to slash the price of their vehicles - bringing them closer in-line with other EU countries would be a start. Failing that, if you really do still want a brand new car, avoid the rip-off UK market and head abroad to make the purchase.
