Used Vans For Sale Make The Most Of Government Regulations And Current Situation

The recession did pose lot of problems to many nations with only China and India managing to register positive GDP growth

. The auto industry was hit the most with many major companies showing negative growth and a couple of them needing a huge stimulus package to bail them out. Inventories mounted and companies as well as the government had to resort to desperate measures to prop up sales and one of them was the scrappage scheme that was introduced by the UK and US governments.

While that led to some demand strengthening in the auto industry and people made good use of exchanging their old and used vehicles to get new ones, it created an artificial shortage of used vehicles and demand for these then began to rise. With the easing of interest rates and people beginning to feel slightly better about their financial situation, they preferred to take the used vehicle route to meet their aspirations of owing a vehicle and made the best use of used cars as well as used vans for sale opportunities.

Now we have the government making available an additional amount of GBP 100 million so that consumers who missed out the first time can still take advantage of the scheme and this has been done due to requests from the industry as well as consumers. This extra amount takes the amount to over GBP 400 million and should be enough to cover about 400,000 vehicles. The Business Secretary has also extended the registration cut-off from the earlier September 1999 to February 29, 2000. The important news however is that van drivers will stand to benefit more thanks to their cut-off date being extended by another couple of years to 2002. This will push up demand for used vans for sale and it will be in your best interest to go for one at the earliest.

Of course, the scheme could end earlier too if the funding runs out and it is up to the consumer to make the best of it while it lasts by going in for new vehicles and turning in their old used ones. Some consumers though prefer to sell their used vehicles to other private buyers instead of turning them in as they feel they can get a better deal. In fact the current economic situation as it stands is a win-win situation for both the buyer and the seller. Those wanting to sell their used vehicles are managing to get interested and serious buyers who are able to afford the money for such used vehicles on one hand and on the other hand you have people turning in their used vehicles and buying new ones under the scheme as they have the money to do so.

The result is that the automotive sector is benefiting and that being the cornerstone of most economies, augurs well for countries struggling to break out of the recession.

by: Roger Thurston

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