Acquiring used cars has become very easy these days. Finding these types of vehicles is made convenient through the use of the Internet. Before, cars for sale by owners are published through the classified ads section on newspapers. This is still done today, but this step is combined with other ways in order to promote the vehicle for sale.

Getting a car nowadays is as easy as it was before. You can get brand new or used cars right in your fingertips. However, with the rising of the prices of the fuel nowadays, it will be quite impractical to purchase a new car.

Years ago, a seller needs to post an ad and be published on classifieds of a local newspaper. But with the advent of new technology and the internet age, it is very easy to advertise and sell a car.

If you opt for buying used cars, you should be cautious. Do not be deceived by the looks of the car. You might not know, there are hidden defects of which you have not noticed when you are lured by the looks of the car itself. Looks do fade, and better to make sure that you better well know that the engine is still in good running condition, no hidden defects and is very well-maintained by the owner. Always look on the engine. It is the most important part of the car. The other parts might look brand new and are functioning well but when it comes to the engine it is rotten. Purchasing used car of about five to ten years old is still suitable when know its maintenance history.

There are even owners who tend to sell their cars even if they are just 2 years old. Nevertheless, a car is worth buying for when it is in good condition. Used cars do not mean old and rusty cars. But instead these types of cars are just cars, which just do the same trick and lead you to wherever you go. The owner just sold such cars out of personal intentions like upgrading to a high-end car, or in dire need of money, among other reasons. Whatever the reason of the owner is, it boils down to one thing, the condition of the car. A car is useless when it is like an old scrap of metal.

Take note, there are some slight differences between a new car and used car. If you are on the go of buying used car, it is best to get it from a professional dealer or a reliable source. Such people can guide you when it comes to choosing the right car to buy. These people have their very own websites for you to surf and look into. You can even asked their assistance when you want to.

So when you decide to purchase used car or your friend, relative or colleague, then hop on and find a professional dealer to help you with. Nothing beats of losing money because of making a wrong decision when purchasing a necessity like a car.

This posting source is:http://www.ideamarketers.com/

Since the release of its popular models, the Accord and the Civic, a little over twenty five years ago, Honda has rapidly risen to become the preferred car in its class for both new and used car buyers. While cars at that time offered similar standard features, Honda went a step ahead and offered consumers extra features and trims for similar prices and a chance to own a truly luxurious, high quality car.

Honda offered car buyers an opportunity to own a high quality, luxurious car with extra trims and features like power windows and power steering. Cars made by other manufacturers, competing in the same segments, were missing these features and despite being less costly, started to see declining sales. Honda on the other hand became increasingly popular and a once obscure car was now highly visible on the urban streets of Pakistan.

Before Honda there was Toyota. Toyota catered to almost all segments of the automotive industry with extremely well known brands such as the Corolla, Crown, Corona and Mark II. Mazda, Suzuki and Nissan had a few models as well but were far behind in terms of market share. Toyota was considered a highly reliable car and commanded a high resale price in the used car market as well. People preferred Toyota more for its practical value and lack of a better car at that point.

Honda’s superb engine and fuel economy helped enhance it’s growing popularity and demand. While Toyota had been commanding high resale values, cars by other manufacturers faced substantial depreciation in value. However, once Honda’s reliability and efficiencies became widely publicized, both the demand and price for its cars rose dramatically in the Pakistani used car market.

The well designed interior and exterior of the Honda proved difficult for other manufacturers to compete with, allowing Honda to stay ahead. With a roomy and comfortable interior and fabric seats, traveling within and between cities became a whole lot more enjoyable. In order to compete in the smaller engine market, Honda introduced the City in Pakistan, and once again managed to gain market share from its formidable rival model, the Toyota Corolla. Honda soon began local manufacturing to maintain its competitiveness in terms of price.

Honda has managed to become one of the most popular cars in Pakistan in a short span of time. Its mass appeal and well-deserved reputation has made it the primary choice for car buyers all over Pakistan.It’s high quality finish and introduction of safety features, year after year are all indicators of Honda’s continuing dominance in Pakistan’s used and new auto industry well into the future. I hope it brings as much freshness and excitement to the Pakistani car industry in the future as it has in the past.

This posting Source is:http://www.articlesengine.com/

According to the economic experts the decision of importing cars would be fruitful as by doing so there would be competition in the country among the locally manufactured and imported cars. This would also eliminate the monopoly of the existing manufacturers, and the people would buy vehicles at reasonable prices.

ISLAMABAD - The government is considering to allow the import of cars used for more than ten years to bring down their prices and end the monopoly of local automobile manufacturers.

The government is already importing three yeas used cars in the country but due to the rising prices of the cars in the domestic markets the government is thinking to import the ten years used cars.

Well placed sources told TheNation on Thursday that Federal Board of Revenue (FBR) had forwarded recommendations regarding import of used cars for government’s approval and decision to this effect would be announced in the Federal Budget for the financial year 2009-10.

The decision is taken in order to eliminate the monopoly of the local manufacturers in the country as they are raising the prices of cars at their own which has also resulted in lower sale of automobiles.

According to the figures released by Pakistan Automotive Manufacturers Association it was revealed that in the first nine months (July-March) of the current financial year the sales of automobiles plunged by 49.5pc mainly due to high prices and costly leasing.

This post Source:http://www.nation.com.pk/

Auto industry:Car sales during first 9MFY09 has dropped by 49 percent year-on-year (YoY), as it stood at 61,185 units as compared to 120,246 units in the same period of the last year, with Pak Suzuki and Dewan Motor among the major losers as both witness sales decline by 52 percent and 76 percent, respectively, figures released by the Pakistan Automotive Manufacturers Association (PAMA) show.

As the macroeconomic indicators are getting better and the economy is on the path of recovery the fiscal year 2009-10 may witness better for the wavering auto industry that has been suffering from sagging conditions since last two years, industry officials told Daily Times.Continued decline in the steel prices in international market and the expected decline in the interest rate would help manufacturers to reduce the prices, they added.

However, cumulative auto sales (Cars + LCVs) recorded depressing numbers for 9MFY09 as they stood at 73,668 units depicting a decline of 46 percent YoY.

Auto sales were up 15 percent MoM in March 2009 primarly at the back of low base effect from February 2009 (only 23 working days). Honda Atlas and Pak Suzuki were amongst the major gainers as their sales increased by 36 percnet and 21 perecnt, respectively. Moreover, Dewan Motor also showed some improvement with sales up 26 percent MoM. However, Indus Motor failed to post positive growth as their sales declined by 2 percent.

After an impressive start in January-09 where MoM sales were up by 95 percent, February-09 auto sales slid by 18 percent MoM to 6200 units, but now in March 2009 the car sales have increased by 14 percent to stand at 6,525 units.

“Political and economic instability, frequent increase in car prices by manufacturers and high rates of auto financing remained the main sources for this decline,”

Sales of automobiles have been falling for more eighteen months now owing mainly to the increased rates of interest charged on loans. Besides, the 25 percent high inflation has pushed many potential buyers away.

In 9MFY09, Indus Motor captured significant market share at the expense of Pak Suzuki largely on account of their succesful launch of new Corolla model during the period. Indus Motor’s market share increased to 31 percent from 25 percent in June 2008 while Pak Suzuki’s market share fell to 54 percent from 61 percent. Similar to Indus Motor, launch of new Honda City helped Honda Atlas Car substantally increase its market share to 12 percent from 8 percent earlier.

Automobile manufacturing had boomed when interest rates were low thanks to the increased liquidity available with Pakistani banks after the 9/11 attacks. Banks and leasing companies were liberal in giving loans to individuals. Now, as the numbers of defaults are rising because of increased interest rates, they have tightened their policies. Many banks have even stopped auto financing. There has been hardly any advertisement for car loans on televisions and newspapers for some time.

LAHORE: The sales of brand new and used cars have declined by around 90 percent in the last two months due to high prices and low availability of finance by the banks, the car dealers told Daily Times on Monday. They said that the sales of new, used and reconditioned vehicles have declined due to increasing prices. They said that recent increase by various automobile manufacturing companies have resulted in decline of sales of new cars while tightening of finance by the banks also affected the sales negatively. The local automobile manufacturing companies have increased the prices almost 35 to 50 percent, which pushed up the prices of used and reconditioned vehicles as well.

The recent increase in prices of used and reconditioned vehicles also caused a decline in sales, said Rizwan Goraya a showroom dealer of Jail Road. He said that for more than last one month, he had sold only one used and one new vehicle. “I used to sell around 20 vehicles in one month but now the sales are drastically down,” Goraya said adding that if the trend continues then the showroom owners would have no option but to close business. Another car dealer Abdul Jabbar said that the prices of re-conditioned vehicles have also increased. “An imported vehicle that earlier was available for Rs 300,000 is now being sold for Rs 425,000,”

He said that the next fiscal year could be a better one for the auto industry as besides, positive macroeconomic indicators, government is also going to check the unjustified increase rates by the manufacturers.