Stop not buying cars please.
Discussion
"Big picture, registrations have been falling pretty steadily for more than two years, and are at levels not seen since 2013"
Anything to do with the government doing away with the cheap road tax two years ago?
I've got two £20 RFL cars in the family.
I'd normally get my missus a new motor every two years or so, a small family runabout, cant bring myself to get a new one and pay £140
Call that silly if you like over £120 a year, but I bet I'm not the only one hanging on to their older motor.
If people were really worried about post brexit price increases surely that'd see people buying now?
Anything to do with the government doing away with the cheap road tax two years ago?
I've got two £20 RFL cars in the family.
I'd normally get my missus a new motor every two years or so, a small family runabout, cant bring myself to get a new one and pay £140
Call that silly if you like over £120 a year, but I bet I'm not the only one hanging on to their older motor.
If people were really worried about post brexit price increases surely that'd see people buying now?
Trevor555 said:
If people were really worried about post brexit price increases surely that'd see people buying now?
A new car is a discretionary spend. Easy to postpone or avoid (by buying used) if you're adjusting your spending patterns to hedge against uncertainty. New registrations only counts new cars, it would be interesting to see new registrations plotted alongside changes in registered ownership across the same time period.I'm very grateful for everyone that buys a new vehicle and ensuring there's a steady supply of nearly-new and used vehicles on the market, but I can't help thinking it's a completely bonkers thing to do.
Can’t say I’ve seen many new (69?) plate cars on the road.
Although Mrs Slinky has bucked the trend and collects her new one in a few weeks, even though I tried to persuade her to buy nearly new or pre reg.
With those figures coming out, it’s not surprising Pendragon are having a hard time.
Although Mrs Slinky has bucked the trend and collects her new one in a few weeks, even though I tried to persuade her to buy nearly new or pre reg.
With those figures coming out, it’s not surprising Pendragon are having a hard time.
The UK is saturated with cars. A 3 year old car is considered “old”, and the second hand market is replete with perfectly good second hand cars that are worth buttons. You can get a perfectly good car, with the expectation of only adding fuel and servicing for less than 5 grand.
In this environment, it is really easy for people to defer buying a new car, the old one is perfectly OK. If people keep cars for 4 years rather than 3 ... that’s a 25% fall in volumes instantly....
In this environment, it is really easy for people to defer buying a new car, the old one is perfectly OK. If people keep cars for 4 years rather than 3 ... that’s a 25% fall in volumes instantly....
Given how frankly terrifying the political and economic news has been the last 3 years. How likely close we are to market saturation on new and nearly new Cars on PCP deals is, and the huge numbers of young adults no longer learning to drive.
A slight reduction is probably cause for some celebration.
It was never going to last forever.
A slight reduction is probably cause for some celebration.
It was never going to last forever.
SpeckledJim said:
Zoon said:
SpeckledJim said:
Start making all of them pluggable into the wallable!
To be fair they aren't. Petrol and diesel are still on sale.(I don't mind petrol and diesel as long as they're also plug-in hybrid)
Jag_NE said:
I thought everyone is leasing and PCP’ing these days resulting in a relentless level of new car demand!
They did, now they've got one. They will probably need another one when the current deal ends because that's pretty much how it works, but there are fewer and fewer people willing to join them. Look at the b
ks coming from the EU though, GPF's, black boxes, speed limiters etc etc. Plus cars generally getting heavier and more expensive all the time and worse each generation imho. Current car may well be the last new car I buy unless the Regs and/or manufacturers sort their st out.
TX.
ks coming from the EU though, GPF's, black boxes, speed limiters etc etc. Plus cars generally getting heavier and more expensive all the time and worse each generation imho. Current car may well be the last new car I buy unless the Regs and/or manufacturers sort their st out.TX.
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