An expert asserts that car and house prices are likely to continue falling, but could see additional spending, those with motor trader and business insurance could be interested to discover.
Danny Cox, a chartered financial planner for Hargreaves Lansdown, claims deflationary pressures will continue to push down prices in these sectors.
He asserts that these will find a market level through the economic system of supply and demand.
"I don't think we've seen the end of a drop in prices for luxury goods like cars and televisions," he states.
While he says there will be "little blips" created by people without mortgages continuing to buy, he says this will not reverse the trend affecting retail, motor trader and business insurance holders.
The Nationwide Consumer Confidence Index has fallen from 40 to 48 in December, suggesting customers are growing concerned about the economic downturn.
It is now half of the level it stood at in December 2007, which the report attributes to problems in the housing market.
