Financial Pundits?

[LANDROVER ROGER]

I work in the retail motor trade.During the recession,as you would imagine,business has been very poor.At the start of this year,I have noted sales steadily increasing month on month.Suddenly,some"expert"announces via the media that we are still in a deep recession.Great!The feel-good factor,which had started to return has now all but disappeared.These so-called"experts"do not realise the effect of their actions,and quite frankly they should keep their opinions to them-selves,shut up and let people live their lives.

[EMDEE]

It makes you wonder how much the recession has been aggravated by the constant running commentary and doom and gloom in the media.

[Beachcomber]

Out of interest, Roger, how's the take-up of the scrappage scheme been round your way?

[LANDROVER ROGER]

Out of interest, Roger, how's the take-up of the scrappage scheme been round your way?

Reasonable I believe.New car sales have improved slightly.The rationale is still a little beyond me.The government seem to think that someone who has been just about managing to keep £500 worth of car on the road can suddenly afford a monthly finance payment of around £300 for a brand new car.So I would suggest that the buyers are possibly already able to afford the re-payments.It has just brought their change cycle forward.My particular problem is that I sell used Land-Rover vehicles and the scheme does not apply.

[£3.73]

Forgive me if I'm wrong ... but isn't "cash for clunkers" simply getting people to part with something they own outright ...
and take on debt ? (which allegedly is why we're in this bloody mess in the 1st place)

[LANDROVER ROGER]

Forgive me if I'm wrong ... but isn't "cash for clunkers" simply getting people to part with something they own outright ...
and take on debt ? (which allegedly is why we're in this bloody mess in the 1st place)

Spot on!Yet another useless scheme spawned by Brown and his cohorts.