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Car sales go up for the first time in 15 Months.

Really2
Really2 Posts: 12,397 Forumite
10,000 Posts Combo Breaker
in Debate House Prices & the Economy
http://news.bbc.co.uk/1/hi/business/8186992.stm

UK car sales rose by 2.4% in July compared with the same month last year, the first rise since April last year, latest industry figures have shown.
«134567

Comments

  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    Interesting.

    I expect there'll be a decent increase reported in September after the "59" plates come out.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Great.

    Just what our economy needs to get back on an even keel ........

    More cars and more debt.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    Great.

    Just what our economy needs to get back on an even keel ........

    More cars and more debt.

    You can't change the market.
    We know you prefer more unemployment and more defaults so you could pick up a cheap house but that does come across a bit selfish as this is good news for anyone in the motor industry.
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Really2 wrote: »
    You can't change the market.
    We know you prefer more unemployment and more defaults so you could pick up a cheap house but that does come across a bit selfish as this is good news for anyone in the motor industry.


    My hope is for a stable and sustainable economy.

    More cars and more debt is not the answer.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    And I'm still running around in my old banger (17 years old) with a dodgy radiator and an even dodgier sun roof!

    One day I will have one less than 10 years old...one day. :D
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    Really2 wrote: »
    You can't change the market.
    We know you prefer more unemployment and more defaults so you could pick up a cheap house but that does come across a bit selfish as this is good news for anyone in the motor industry.

    Really2, They have tried to talk people out of buying and trying to scare people to sell up so that their desperate plans could be put into action.
    They are so hyped up with their own importance in their fantasy personna that they believed they could contol others destiny's.
    Poor deluded fools.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    http://news.bbc.co.uk/1/hi/business/8186992.stm

    UK car sales rose by 2.4% in July compared with the same month last year, the first rise since April last year, latest industry figures have shown.

    Very good news.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    nearlynew wrote: »
    My hope is for a stable and sustainable economy.

    More cars and more debt is not the answer.

    So you don't want people to buy cars and houses then.

    That does not sound sustainable. :confused:
  • Slinky
    Slinky Posts: 11,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    We bought a 'new' car in July (picking it up on Sunday :-) ). One year old, 6k on the clock, new price last year £21K, we've paid £11K for it. Ex Vauxhall management Astra.

    Can't justify buying new when you can get nearly new so much cheaper.
    Make £2025 in 2025
    Prolific £617.02, Octopoints £5.20, TCB £398.58, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £60, Shopmium £26.60, Everup £24.91 Zopa CB £30
    Total (4/9/25) £1573.21/£2025 77%

    Make £2024 in 2024
    Prolific £907.37, Chase Int £59.97, Chase roundup int £3.55, Chase CB £122.88, Roadkill £1.30, Octopus ref £50, Octopoints £70.46, TCB £112.03, Shopmium £3, Iceland £4, Ipsos £20, Misc Sales £55.44
    Total £1410/£2024 70%

    Make £2023 in 2023 Total: £2606.33/£2023  128.8%




  • econo_2
    econo_2 Posts: 78 Forumite
    edited 6 August 2009 at 10:38AM
    Frankly the economic ignorance spouted here is astounding. What are we, 18 months in and it appears most have learnt absolutely nothing by this mess.

    How is a rise in car sales a good thing if it is due to a warped market through the government's bribe scheme using borrowed money that we as a nation pay larger and larger interest on?

    Or, that consumers that are in debt up to their eyeballs are then tempted to take on more debt for a new car they don't need? The answer is we get out of it by buying more cars and houses on credit? Cracking solution.:beer:

    This doesn't help the car industry either other than a quick injection of adrenaline. If the result is then that inefficient factories and capital are artificially tied up in an industry which the government is bailing out indirectly then it is wasted FINITE capital AND human resources that should be put to use elsewhere.

    The fact personal debt is so high is also a problem for banks to lend to small businesses (a constant complaint aired in the news daily) as the capital is not available for industry where it is so sorely needed. There is only so much money that can be leant and if the government would have encouraged a savings ethos at the start of this by swift policy changes rather than a consumption one, we would have seen the end of most of it already.
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