Monday, August 3, 2009
A new Olympic sport?
...not exactly, but during these challenging financial times consumers are becoming increasingly more price focused. Over the past year and a half {December 2007, to be precise} consumers have sought methods to cut back, ways to get more for their money, and new ways to think when it comes to spending. I am reminiscing over a previous recession entry that stated that consumers were buying luxury items that made them "feel good"--meaning Uggs over Manolo's. Consumers were looking for a comfort zone, but now are consumers waiting on the next good deal? Since the Cash for Clunkers program was enacted, car sales have reached the highest point in a year {Possibly skewed, but definitely a sign in a postive direction}. Were people able to buy a new car and just waited? One man, as quoted from CNN, claimed he traded a used car he paid $4,000 for and received $4,500....what is fair about that? Should the stimulus given exceed the value, I think not. But with this Government, it actually does not shock me. So what is the next big thing, the next chip on the table? Haggling. Car prices are mostly negotiable, but what about shoes, groceries, jewelry or furniture? Some retailers are auctioning groceries, so if you are in a haggling mood, it looks as though you won't have to wait for Aunt Edna's heirlooms to be auctioned at an estate sale to get a piece of the action. Q: What, if anything, would you be willing to bargain for?
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