Brexit, and car buying habits
Discussion
MGgeordie said:
Hopefully the British car industry will be restarted and we will all start buying British cars again.....no more foreign tat! 
Unlikely. Starting up a new car brand in this day and age is phenomenally expensive.The UK stopped being productive in the 70's thanks to the unions. The UK sold off all of its brands worth keeping and trashed the rest.
Kaj91 said:
Ozzie Osmond said:
IMO the car market, new and used, will hit the floor with immediate effect.
Based on what exactly?
Or put another way. Brexit has a cost. How long before people figure that out?
CS Garth said:
Kaj91 said:
Ozzie Osmond said:
IMO the car market, new and used, will hit the floor with immediate effect.
Based on what exactly?
Or put another way. Brexit has a cost. How long before people figure that out?
And of course theres a short term hit on the market and in confidence. You'd have to be daft to think there wasnt going to be.
Petrol prices are going up because the petrol companies are lying weasels who see a quick profit to be made.
And sterling has been low before, and has recovered.
Property prices may well drop due to LESS foreign investors buying up property there but whats the problem with that? We've had market readjustments before and that was when we were IN the EU.
clonmult said:
In an attempt to keep up at the back, the list of UK governmental/related posts where the salary is greater than the prime ministers is mildly ridiculous.
https://www.gov.uk/government/uploads/system/uploa...
Honestly, the EU is no better or worse than what we have in the UK.
Probably not, except now we wont be paying for two sets of overpaid bureaucrats. https://www.gov.uk/government/uploads/system/uploa...
Honestly, the EU is no better or worse than what we have in the UK.
daemon said:
CS Garth said:
Kaj91 said:
Ozzie Osmond said:
IMO the car market, new and used, will hit the floor with immediate effect.
Based on what exactly?
Or put another way. Brexit has a cost. How long before people figure that out?
And of course theres a short term hit on the market and in confidence. You'd have to be daft to think there wasnt going to be.
Petrol prices are going up because the petrol companies are lying weasels who see a quick profit to be made.
And sterling has been low before, and has recovered.
Property prices may well drop due to LESS foreign investors buying up property there but whats the problem with that? We've had market readjustments before and that was when we were IN the EU.
Falling property prices? Yep no harm there either - it's not like the banks capital liquidity ratio will be affected by a massive reduction in the mark to market valuation of the book it has loaned against. If people though that would happen each and every domestic bank lender would have seen its share price plummet in the last couple of days and that obviously hasn't happened has it?!
To avoid this getting tiresome let's agree to disagree. I genuinely hope you are right. To get back on thread, I've input my thoughts into this- why don't you be sportsman like and set out how you think car buying habits will be influenced.
In the meantime I'm a sore loser lefty nut job, you're an outer nut job and this whole thing is madness!
CS Garth said:
Yes you're right, oil prices are going to go up because the oil companies are weasels and just charge what they fancy. And the Bank of England base rate (which is actually a tool which influences the rate of sterling and is why it has appreciated before) is set by Mark Carney depending upon how much he hates poor people that morning.
Falling property prices? Yep no harm there either - it's not like the banks capital liquidity ratio will be affected by a massive reduction in the mark to market valuation of the book it has loaned against. If people though that would happen each and every domestic bank lender would have seen its share price plummet in the last couple of days and that obviously hasn't happened has it?!
To avoid this getting tiresome let's agree to disagree. I genuinely hope you are right. To get back on thread, I've input my thoughts into this- why don't you be sportsman like and set out how you think car buying habits will be influenced.
In the meantime I'm a sore loser lefty nut job, you're an outer nut job and this whole thing is madness!
You're right, we're not going to agree on this. One final point RE: fuel prices, if they arent manipulating the market, how come with something like a 3 months supply in storage, fuel prices went up pretty much instantly? Falling property prices? Yep no harm there either - it's not like the banks capital liquidity ratio will be affected by a massive reduction in the mark to market valuation of the book it has loaned against. If people though that would happen each and every domestic bank lender would have seen its share price plummet in the last couple of days and that obviously hasn't happened has it?!
To avoid this getting tiresome let's agree to disagree. I genuinely hope you are right. To get back on thread, I've input my thoughts into this- why don't you be sportsman like and set out how you think car buying habits will be influenced.
In the meantime I'm a sore loser lefty nut job, you're an outer nut job and this whole thing is madness!
And likewise interest rates have been at 0.5% for several years now and may have to go lower.
And lets be honest, the stock market "likes" certainty. The price fluctuation we've seen isnt because of any special insight they have about the UKs future - its because there is uncertainty, thats all. They're not some economic Oracles.
Is the whole thing madness at the minute? Yes. Absolutely.
However, we ALL need to get our heads around it PDQ and make it work. Sulking and moaning about it isnt going to change things.
Cars will stay in ownership for longer
Classics may be used more
Fewer imported cars perhaps, especially if the E.U. wishes to threaten the U.K. over anything, or break treaties while they say we must honour others potentially
Cars may be sourced from elsewhere around the globe, you know Britain has been very good at global trade for centuries, which has been lost somewhere maybe in the E.U's versions of kids books over the last decades perhaps, and now the voting public think the Great came from Brussels haha.
The U.K. is quite the technical centre for motorsport development, I think there are sufficient skills here to restart vehicle manufacture which has been pushed aside.
We may finally move away from renting cars rather than buying them?
Values will strengthen to a degree hopefully
The media need to stop talking to the U.K. independence haters, and start talking to the people who value sovereignty and self rule, that voted to leave. There is change afoot, which if covered negatively, is going to drag the economy down further. Most of the dip in the last few days is likely as much to do with haters gaining unfair media coverage as it is global financial concern. The E.U. will want to sell their cars to us still, and risk causing themselves a significant problem if they try to restrict us further.
All this feels like I woke up to learn there had been a war which we lost, and our country is now not ours, which appears to be due to surrender, as nobody wishes to fight to keep it ours. I don't care about the immigration blurb much, just the laws made elsewhere, and the sense we have no power anymore, which is what the British fought for as I understood.
Did we not read the small print when we signed something? How did some organisation gain control of our country to the extent it has?
Land Rover and The original Mini........lost to E.U. rules> Perhaps we should make them again for fun just to annoy them.
Sturgeon needs to be removed from a microphone and camera, and left somewhere until after we have pulled together as a U.K. successfully
)
Overturn all E.U. laws for the U.K. vehicle market, for construction and use, and emissions constraints, and make our own, to suit our use.
Classics may be used more
Fewer imported cars perhaps, especially if the E.U. wishes to threaten the U.K. over anything, or break treaties while they say we must honour others potentially
Cars may be sourced from elsewhere around the globe, you know Britain has been very good at global trade for centuries, which has been lost somewhere maybe in the E.U's versions of kids books over the last decades perhaps, and now the voting public think the Great came from Brussels haha.
The U.K. is quite the technical centre for motorsport development, I think there are sufficient skills here to restart vehicle manufacture which has been pushed aside.
We may finally move away from renting cars rather than buying them?
Values will strengthen to a degree hopefully
The media need to stop talking to the U.K. independence haters, and start talking to the people who value sovereignty and self rule, that voted to leave. There is change afoot, which if covered negatively, is going to drag the economy down further. Most of the dip in the last few days is likely as much to do with haters gaining unfair media coverage as it is global financial concern. The E.U. will want to sell their cars to us still, and risk causing themselves a significant problem if they try to restrict us further.
All this feels like I woke up to learn there had been a war which we lost, and our country is now not ours, which appears to be due to surrender, as nobody wishes to fight to keep it ours. I don't care about the immigration blurb much, just the laws made elsewhere, and the sense we have no power anymore, which is what the British fought for as I understood.
Did we not read the small print when we signed something? How did some organisation gain control of our country to the extent it has?
Land Rover and The original Mini........lost to E.U. rules> Perhaps we should make them again for fun just to annoy them.
Sturgeon needs to be removed from a microphone and camera, and left somewhere until after we have pulled together as a U.K. successfully
)Overturn all E.U. laws for the U.K. vehicle market, for construction and use, and emissions constraints, and make our own, to suit our use.
CS Garth said:
To get back on thread, I've input my thoughts into this- why don't you be sportsman like and set out how you think car buying habits will be influenced.
I really dont think there'll be much changeIf interest rates remain low, then PCP & leasing will be v appealing to the masses.
Car Tax seems to influence buying choices. People will happily spend £20K to get "free" road tax, so if theres a change in that because of brexit then that will be a driver (ha!)
The irish import market may pick up again.
If the germans try to stiff us on the price of their cars, then maybe a move to japanese cars?
Edited by daemon on Tuesday 28th June 22:12
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