Second hand sales soar in credit crunch

October 22, 2009 by admin  
Filed under General, News

With the still affecting most household finances many people have been looking for inventive ways to boost their income, and according to a recent report many have started selling their unused items to try and bring in a little extra cash.

According to the global credit crunch as resulted in second hand sales levels soaring, as consumers try and get rid of the things they no longer want or need in order to make a little extra cash.

One consumer explained how she decided to sell her wedding dress, stating that whilst it held sentimental value it was simply lying in the wardrobe unused when it could have fetched some money in.

She said: ‘Selling my wedding dress was a difficult decision because I was emotionally attached to it. But in the end it was just sitting in a box in the wardrobe and the cash meant we could redecorate our bathroom.’

She also illustrated how charities may be losing out as a result of more people deciding to sell their own unwanted goods to make money rather than giving them to charity as they may once have done, stating: ‘I suppose in the past we would have just given a lot of our unwanted clothes and items like high chairs and stair gates to local charity shops, but after recently being on maternity leave and cash being tighter we thought we should try to recoup some money.’

Car boot sales have also become increasingly popular, and one official said: ‘As well as the chance to make a bit of cash from unwanted goods boot sales are positive for the environment.

Goods are recycled to new owners which might otherwise end up in landfill. Car boot sales can also give a sense of community as they bring local people together. The best way to find details about car boot sales in your area is to look in local newspapers or on the internet.’

Tags: industry officials, high chairs, household finances, area, charity shops, global credit crunch, need, second hand goods

Related Entries

  • Online sales helped by the credit crunch
  • As the effects of the credit crunch take hold consumers are increasingly looking to the internet for bargains, one financial expert has said. Shopsafe.co.uk said that the current trend for consumer bargain hunting was related
  • Sales figures for discount stores on the rise
  • Over recent years the nation's major supermarket giants, Tesco, Asda, Sainsbury's, and Morrisons, have monopolised the industry, with the smaller stores barely getting a look in. However, with the global credit crunch still biting and
  • Tips to Help You Save on Motoring Expenses
  • The prospect of owning a new car may send thrills up and down your spine, but the expenses you have to incur afterwards are not as thrilling. When you buy a brand new car, the
  • UK business confidence affected by credit crunch
  • A recent report has shown how business confidence levels across the UK have been affected by the effects of the credit crunch that was sparked in the sub-prime sector of the United States. The credit
  • Credit card Christmas spending likely to soar
  • Consumers are planning to splash out this Christmas on credit, and could find themselves in financial difficulties as a result. Having studied the latest Bank of England consumer credit data, credit reference agency Callcredit found
  • Report claims lenders being less stringent over home loans
  • Whilst lenders have been exercising increased stringency when it comes to home loans and other types of finance since the onset of the global credit crunch a recent report has suggested that some lenders may
  • Low deposit mortgages increasingly difficult to get
  • Consumers that are hoping to take out a mortgage to buy a property are still facing a tough time according to officials, even thought house prices have been falling for the past year. Availability of
  • Try before you buy housing could prove effective
  • A recent report has shown how some housing developers are now trialling a scheme where a potential property buyer can try out the property that they are thinking of buying for a day or two

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!