Friday, July 24, 2009

All Will Rise Again

The Auto business is one of the most affected industries of the global financial crisis that we are still facing up to now. It had its worst downfall last year and early this year. In fact, I saw a news article in the net that in the US, the light truck models suffered an 18 percent decline last year and fell even worse by 35 percent this year. That is really bad. Well, as they say, what goes up must come down. But luckily it doesn’t end there. Everything will eventually rise again little by little.

Now, the industry has shown some signs of progress and experts predict that there will be an annual sales increase by 2010. One chief factor leading to the improvement of the auto market conditions in the US is the conclusion of the doubt surrounding the bankruptcies of General Motors and Chrysler. It would be a great loss to the industry if these two big names will just disappear. But good news because both materialized from their reorganizations. Another factor is government sponsored incentives like offering cash for clunkers program. It gives consumers incentives to trade in old cars for new models. That’s a good start. We all really look forward to the continuing rise of the auto industry again. And I really hope all will go back to normal in the near future so that we can appreciate further the new upcoming models of the different car companies just like for example the 2010 Lincoln MKT. It’s a model I recommend you to watch. But it’s just one of the many interesting models you ought to see for yourselves.


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