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Used car sales- Current situation and 2012 Next
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Posted On :
Jan-15-2012
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Article Word Count :
421
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The used car industry has stolen the crown from the new car industry in Great Britain. British people are buying more used car then the new car. All over the Europe zone economy is hardly hit. People are not willing to spend 20000 thousand euro in used car, instead they are spending 8000 euro on used car.
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Article Body:
The used car industry has stolen the crown from the new car industry in Great Britain. British people are buying more used car then the new car. All over the Europe zone economy is hardly hit. People are not willing to spend 20000 thousand euro in used car, instead they are spending 8000 euro on used car. Some argue that is bad for UK car industry. The specialists have seen that the gain of used car market is more profitable than the new car sales. The used car market’s age is very old in UK, but in recent years, it has gain its biggest momentum.
The UK Car industry is changing rapidly. We can see there is highbred car, Luxury car fuel efficient cars, concept cars are popping up every now & then. The problem is all these are costs Hard Euro cash. Only the upper class has the extra money to buy these cars. Great Britain is not just made with the upper class; the Middle and lower class family are dominating the British society. These middle and lower class citizen are not willing a send a dime for high class car. They cherish their hard earned money more than anything. When the time comes to buy a car they prefer used car. These people always participate in used cars sales auction, festival or garage sales.
Nowadays, most of the used car available in the market is 3 to years old. The UK market is facing a gap of 2 to 5 years old used cars. This makes the other aged cars selling in a huge quantity. It can be said that when it comes to buy a used car the British people are more experience than any other European continent. About sixty percent of British people are in the habit of buying and selling car annually.
When the Used car is sold, they are also many repairs and upgrade is being done. So the repairing business was also making a profit along with the used car sales. The other related business related to use car sales is car insurance. The car insurance is doing quite all depending on the used car sales.
From last year (2011), every one related to used car sales made a lot of profit. The specialists are expecting a big used car sale in the year 2012. If the economy turmoil is controlled, this used car industry surely will gain more profit than the previous years.
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Article Source :
http://www.articleseen.com/Article_Used car sales- Current situation and 2012 Next_133950.aspx
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Author Resource :
Thank you very much for reading. If you are looking for the best car dealers in UK especially for Used Car Sales we might help you.
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Keywords :
car sales, classic cars for sale, used cars, autotrader,
Category :
Travel and Leisure
:
Vehicles
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