Endless production, quality, trickle down: saturation point?
Discussion
Where will it end, how does it work, should we rejoice?
Can the car makers keep churning out these volumes?
More and more 911s, AMs, MX5s, Elises etc
Almost zero nice cars going to the scrappers and fewer prangs, surely production outstrips supply and everyone will one day have a Jaguar XK on their drive for peanuts.
No need to cry over a temperamental Laguna being scrapped but perfectly good stuff is being dumped now isnt it?
Can the car makers keep churning out these volumes?
More and more 911s, AMs, MX5s, Elises etc
Almost zero nice cars going to the scrappers and fewer prangs, surely production outstrips supply and everyone will one day have a Jaguar XK on their drive for peanuts.
No need to cry over a temperamental Laguna being scrapped but perfectly good stuff is being dumped now isnt it?
I dont know how relevant it is OP, But in grimsby the local scrappers (rimars) is probably unique in the fact it has a large railway footbridge going over the top, Spanning the length of the yard. The other day walking above the yard i spied an XJ40 XJ and a series one XJ plus a pretty clean looking flat red saab 9-3.
Saw a mint rustfree ovlov 940 in there too a few weeks back. Thing is though in trying to be somewhat relevant to your original post.. None of the cars in there are really THAT rotten.
Also theres is a citroen C5 roughly about 2001 vintage abandoned nearby,I mean it doesnt help that the scrap price is zilch, So it might even get as bad as nice but say 15 year old cars getting dumped.
Maybe loads more stuff will get exported who knows?
Saw a mint rustfree ovlov 940 in there too a few weeks back. Thing is though in trying to be somewhat relevant to your original post.. None of the cars in there are really THAT rotten.
Also theres is a citroen C5 roughly about 2001 vintage abandoned nearby,I mean it doesnt help that the scrap price is zilch, So it might even get as bad as nice but say 15 year old cars getting dumped.
Maybe loads more stuff will get exported who knows?
DegsyE39 said:
Maybe loads more stuff will get exported who knows?
Aye my friend is in import / export dealing was talking about this. Most of what he deals with is Japanese grey imports but he says there is getting greater and greater demand recently for cheap (specifically 4x4s) cars in coastal Africa. A lot of Japanese export is actually going to Africa nowadays and some cheaper UK examples are also being shipped out. (Anything Japanese is popular over their and the UK and Japan both have rather cheap used car markets)Yet somehow, the price of a decent second hand buy (say 3 years old and 40k mls) is relatively higher than ten years ago.
Given the premise that cars are better built today than ever, you'd would expect there to be tons of old cars for sale and prices to be low.
Yet, round my way at least, it's fairly unusual to see a car over 10 years old.
Up until recently I had a couple of 13 year old barges and was starting to feel a bit of a tramp!
Given the premise that cars are better built today than ever, you'd would expect there to be tons of old cars for sale and prices to be low.
Yet, round my way at least, it's fairly unusual to see a car over 10 years old.
Up until recently I had a couple of 13 year old barges and was starting to feel a bit of a tramp!
caelite said:
DegsyE39 said:
Maybe loads more stuff will get exported who knows?
Aye my friend is in import / export dealing was talking about this. Most of what he deals with is Japanese grey imports but he says there is getting greater and greater demand recently for cheap (specifically 4x4s) cars in coastal Africa. A lot of Japanese export is actually going to Africa nowadays and some cheaper UK examples are also being shipped out. (Anything Japanese is popular over their and the UK and Japan both have rather cheap used car markets)There's really a second hand market for normal people it's all dealers
I know that they offer peanuts for the older models more than 5+ year old
When it comes to new cars we have only just caught up with the peak sales pre crash (our population is a couple million bigger since then and affordability is at an all time high - due to very low interest rates and the huge % that now buy on finance).
Between 2009 and 2014 there were literally 2 million new car sales missing (compared to pre crash levels) this had a huge impact in driving up used car values (which if you look at decent stuff seems not to have fallen for years).
In many cases new cars are now as cheap as nearly new (largely due to manufacturer incentives and finance rates)
Big number of cars originally destined for Russia and China, now being shifted to the UK (due to lower sales in these mkts)
Pound strong against Euro means it's a great place to sell cars (if your a foreign manufacture)
Used car values will drop and new car sales will stay at current levels (assuming no credit crunch)
Mondeo man has become Mercedes C class man - the difference between these cars is no longer seen as £12k but £120 a month......
Young kids no longer buy cap py old cars but new fiat 500s, minis etc
All the cool stuff from 15 years ago is going to the recyclers......
Between 2009 and 2014 there were literally 2 million new car sales missing (compared to pre crash levels) this had a huge impact in driving up used car values (which if you look at decent stuff seems not to have fallen for years).
In many cases new cars are now as cheap as nearly new (largely due to manufacturer incentives and finance rates)
Big number of cars originally destined for Russia and China, now being shifted to the UK (due to lower sales in these mkts)
Pound strong against Euro means it's a great place to sell cars (if your a foreign manufacture)
Used car values will drop and new car sales will stay at current levels (assuming no credit crunch)
Mondeo man has become Mercedes C class man - the difference between these cars is no longer seen as £12k but £120 a month......
Young kids no longer buy cap py old cars but new fiat 500s, minis etc
All the cool stuff from 15 years ago is going to the recyclers......
Cars like 911's and Elise's are made in small enough number that prices will always remain high. Early Elise prices haven't moved in 10 years. The find a level when there is a balance between supply and demand. You can buy very cheap Boxters though, however they still cost Porsche money to run when things need doing.
MX5's do get cheap, but they also suffer with tin worm so must have a fairly high scrap rate.
MX5's do get cheap, but they also suffer with tin worm so must have a fairly high scrap rate.
swisstoni said:
Yet somehow, the price of a decent second hand buy (say 3 years old and 40k mls) is relatively higher than ten years ago.
Given the premise that cars are better built today than ever, you'd would expect there to be tons of old cars for sale and prices to be low.
Yet, round my way at least, it's fairly unusual to see a car over 10 years old.
Up until recently I had a couple of 13 year old barges and was starting to feel a bit of a tramp!
The basic concept of the car has changed in the last decade. Cars are now very much just consumable, utility tools that are rented on a monthly basis and just replaced every three years. Given the premise that cars are better built today than ever, you'd would expect there to be tons of old cars for sale and prices to be low.
Yet, round my way at least, it's fairly unusual to see a car over 10 years old.
Up until recently I had a couple of 13 year old barges and was starting to feel a bit of a tramp!
And at the bottom end, what look like perfectly solid cars are being scrapped because the cost of repairing the electrical or mechanical fault is too great.
bencollins said:
Almost zero nice cars going to the scrappers and fewer prangs
Really?Just look at eBay, and look for used parts for almost anything. EVERYTHING is being broken. As values drop to buttons, a couple of tyres and a set of wipers for an MOT mean a trip to the weighbridge. Low value cars with MOT are being bought to break, because they're worth far more in parts than whole. Insurers write cars off for minor parking dinks and scrapes.
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