The economic nightmare may have subsided for now Corey Crawford Olympics Jersey , but many Americans are still unsure of whether or not it will return. To better prepare them for what lies ahead, they start going the extra mile in cutting spending and making the best of what they have. No wonder Americans are clinging onto their old cars longer than before.
This is what automotive research firm Polk found out in its latest survey on car ownership. Statistics show a slow but steady increase in the average number of years car owners hold on to their cars since 2003. Owners of brand new vehicles held on to their cars for an average of 71.4 months, or nearly six years, from 49.8 months or four years in 2003. On the other hand, owners of used cars held on to their cars a year longer than in 2003.
One of the reasons Polk sees in this trend is, as mentioned before Martin St. Louis Olympics Jersey , the uncertainty of the U.S. economy. The study shows many Americans are still hesitant to spend too much as they hunker down for abrupt changes for better or worse. It may seem a wise decision on their part to save up for a storm that may be brewing.
Even with the economy showing signs of improvement and a positive outlook in the car industry, many are still unsure of the situation. Trends in paying car loans also reflect on this movement, with many car owners choosing longer payment schedules for less monthly dues. Perhaps they will not be jumping into the water anytime soon until they know it is safe.
Does this spell disaster for Indianapolis used car dealers and other dealers in the country? Car sales may be affected by this trend, but for parts and repair services, it鈥檚 for the better. Dealers with service centers see this as an advantage for the fact that more people will bring their old cars to the shop for spare parts and repairs.
Being an important car hub in the country, Indianapolis will be affected by the trend just as other automotive sectors. Dealers of used cars in Indianapolis are advised to focus on providing parts and quality service. Polk also advises dealers to continue their efforts in helping foster customer trust and loyalty.
Visit the Automotive News website at and click on the Dealers tab for more info on how used cars for sale in Indianapolis will fare this year. The article on this study also has electronic copies of the press releases and statistical data from Polk.
Leisa Dreps - About Author: For more details Claude Giroux Olympics Jersey , search Indianapolis used car dealers,used cars in Indianapolis and used cars for sale in Indianapolis in Google for related information.
Many Japanese companies face a serious situation falling profits, economists forecast, the Japanese government and central bank may increase the additional stimulus efforts. In the last year the Bank of Japan interest-rate meeting, is expected to adopt a more accommodative monetary policy.
Appreciation of the yen, the Japanese manufacturing industry in crisis John Tavares Olympics Jersey , struggling for several spring and autumn, and finally devastating. 15 December, the Bank of Japan quarterly survey showed appreciation of the yen and the slow economic recovery abroad, Japanese manufacturing confidence index fell for the first time in two years. In addition, the stimulus effect of diminished export more difficult, fear of Japanese economic growth in the fourth quarter of decline. Japan's Hakuhodo research institute of life and learning also released a day before the survey reported that if the country than Zuoren Steven Stamkos Olympics Jersey , Japan, the equivalent of 50 years of age, has an old-fashioned, while China is equivalent to 30 years old high-spirited, promising young people.
Growth in the fourth quarter there is no guarantee
According to the survey, Japan's fourth-quarter business climate index for large manufacturers from the previous quarter's 8% to 5% Patrick Sharp Olympics Jersey , the index is the first decline in seven quarters, possibly even next year in March dropped to -2%. A direct reflection of lack of confidence in the export manufacturing sector weakness, the report allows investors to the sustainability of Japan's fourth-quarter economic growth is concerned about the Bank of Japan may increase the expected value of the additional monetary stimulus is also heating up.
Annual rate, economists predict the fourth quarter of Japan's economic growth may be 1.9%, while the third quarter of grant program to stimulate the economy in the car under the 4.5% growth rate.
BNP Paribas Ryutaro Kono, chief economist in Japan Corey Perry Olympics Jersey , said: "Japan's economy has fallen into dormancy, overseas demand is not high result of slowing exports and the government stimulus package near the end of the manufacturing industry confidence index is the main reason for the appreciation of the yen only a subsidiary factor. "
Last week, Japan revised the first 9 months of this year's economic data, said after the first 9 months was still higher than Japan's total GDP in China, ranking second in the world, many economists say Japan's ability to return to the world's second largest economy in the throne Rick Nash Olympics Jersey , the key depends on fourth quarter economic growth. The data show that from October, Japanese industrial output value has been set in February 2009 the largest decline, export a modest but higher unemployment. Japanese government is aware of the changes in the industrial sector, so the December 14, Japanese Prime Minister Naoto Kan announced that it would cut 5% of corporate tax to ease the burden on enterprises, stimulate investment and increase employment.