Do you think the new car market is rising again?

With the recession and all people were buying more used cars do you think that the new car market is going down now that the recession is over?

 

I really can't say if the recession is over for the U.S., I currently reside in a city that contains the top 5 highest unemployment rates and I've been recently seeing a lot of used cars for sale on Craiglist; either selling them for money to pay rent or monthly utilities. I agree that the car market would definitely pick up for sure once people get their credit line / money to spare i guess. For me, I am well settled with my cars and I don't see any reason to buy a new or used one in the near future.

 

Thanks James that is what i was looking for it looks like the car market is rising that is great for the US. People should really buy new cars more to get the car market rolling.

 

I think the car industry is doing a good job of lowering prices and even though their stats show they are on the rise, the economy is still sinking and the stigma of, "what if I don't have a job tomorrow?" still lingers and that will limit the amount of cars that could be sold. I know I would buy a new car, but I am in debt because I decided to go to college and had to get student loans to pay for it.

It is a vicious cycle and we are so deep now that it will be a while before thins are normal again.

 

It's just a concerning matter to be honest, until the majority of people stating that the economy is okaish again that would be a great sign.

 

Well it's generally a case to case basis, if a person or family is well off, then the recession wouldn't really matter. But if you're just an average Joe so to speak, then of course you would just settle for the second hand models.

 

Yeah i think the outlook is even better now that Obama has been reelected. He was all about the auto bailout, so you know he thinks the car industry here is important.

 

Frankly I really do not think it makes a lot of difference that the economy is down now. In fact I feel new compact cars will and are doing better because of the low economy. With fuel prices being what they are I think compact cars are doing well in sales for that reason. I feel that maybe it all balances out in the main scheme of things.

 

I think that when you have the money to buy anything, you wouldn't really care whether the economy is down or not before purchasing something right? Whether the person is rich or middle class or poor, if they want something, they will buy it.

 

I agree up to a point. If a person has a substantial disposable income they can afford to buy what they want. However the average person has to consider their financial situation as it relates to how the vehicle is going to be used and how often along with fuel costs per mile traveled. I also feel that even if a person is financially well off they would still need to be frugal on vehicle usage in this world wide financial climate. My conclusion is the "compact" and "high gas mileage" vehicles sales will increase significantly while luxury vehicles and vehicles known for low mileage per gallon of gas will all but disappear. What do you think?

 

I agree the super wealthy will continue buying their high end luxury vehicles but they represent a small part of the market. Over all I feel the new car market will increase in sales for the smaller fuel efficient vehicles.