Thursday, October 30, 2008
Car sales to bounce back in 2009?
 New and used car sales could bounce back in 2009 despite the prospect of a recession.EurotaxGlass's said there were grounds for "cautious optimism" about car sales next year. The analysts predict the used car market will be the first to recover from its current lows and - fleet registrations aside - new car sales will also record a modest upturn. "In the short term, conditions will remain difficult for car dealers, reinforced by the usual seasonal decline in demand that accompanies the latter months of the year," said Adrian Rushmore, managing editor at EurotaxGlass's. "However, we believe the swift and painful downturn we saw in the summer months of 2008 was probably a one-off event. "The arrival of the '09'-plate next March will clearly be an acid test for both new and used sales, and analysis of the current market indicators suggests there are reasons for cautious optimism." DATED: 30.10.08 FEED: MT |
