Will Coronavirus hit used car prices? (Vol 2)
Discussion
Nefos said:
Earthdweller said:
YTD compared to last year seems to be promising though, not a massive jump, but positive overall.... apart from fleet, that looks really rough
Joey Deacon said:
Todays brand new cars are the future second hand cars, it is clear that in the coming years there will be fewer second hand cars than ever.
Interestingly enough my next door neighbour has just leased a Vauxhall Corsa and that was immediately available, so this seems to only apply to certain manufacturers.
Definitely, there will be a lack 1-3 year old 2nd hand car supply for quite a number of years I suspect.Interestingly enough my next door neighbour has just leased a Vauxhall Corsa and that was immediately available, so this seems to only apply to certain manufacturers.
Surely this will keep used values higher just due to demand.
lb3nson said:
Definitely, there will be a lack 1-3 year old 2nd hand car supply for quite a number of years I suspect.
Surely this will keep used values higher just due to demand.
Don't forget the sale of new ICE cars is banned in 2030. We are getting close to the end of new ICE cars, and the supply of them over the last two years has been massively reduced. Surely this will keep used values higher just due to demand.
We are at a crossover point where the EV should be taking over from the ICE car, but I think the infrastructure, potential range and pricing is not quite there yet. However, I think the increase in fuel prices will tempt a lot more people to look at an EV instead of an ICE car if they are buying new.
I think over the next few years people will be looking to buy potentially their last ever ICE car and this is going to massively increase demand as we get closer to 2030. I don't think manufacturers will be able to build enough cars, and they will probably have moved on to mostly building EVs by that point anyway.
EVs are not for everyone due to being unable to charge them at home, for these people ICE is the only real alternative and I think these people will be desperate to get one of the last over the next few years. I also think second hand parts are going to be in massive demand as people try to keep these cars running as long as possible.
I can honestly see ICE vehicles and parts being horded over the coming years unless EV adoption rapidly increases soon.
Superflow said:
RUSSELLM said:
Do those numbers represent manufacturers prioritising sales with higher margins ? Presumably the private sales.
I think they represent that people are starting to keep their hands in their pockets despite what some would have you believe.Niguy said:
Can’t say I’m surprised with the above figures given the state of the economy and global chip supply shortages.
To my mind, and some will disagree, it would be foolish to purchase a new car with the imminent austerity and economic recession coming down the line.
Depends. If you've had a car on order for a year and are both price protected (bear in mind most cars are now at least 10% more expensive than last year, and discounts were available) and you locked in at a very low APR rate. You'd be stark raving bonkers to cancel your order.To my mind, and some will disagree, it would be foolish to purchase a new car with the imminent austerity and economic recession coming down the line.
NelsonM3 said:
Depends. If you've had a car on order for a year and are both price protected (bear in mind most cars are now at least 10% more expensive than last year, and discounts were available) and you locked in at a very low APR rate. You'd be stark raving bonkers to cancel your order.
Not everyone is price protected, and in some cases where people were they're being sneaky and making changes to the options packs so that what people ordered isn't available and they either lose options or have to buy more.The picture is so mixed, as you'd expect with patchy supply. We have dealers on here saying can't do anything or get anything.
But at a local level just search AT for anything brand new, and dealers with stock are offering great incentives on brand new models. Kia and Hyundai, Toyota, MG, Citroën, Skoda, Suzuki, Nissan...
no you might not be able to walk into your local dealer if they have nothing, but if you're buying new who cares.
A new i20N at 24.5? I have no idea how £1800 off list compares with "before", broadspeed etc, or second hand, but anyone paying 30% more for the same mini as they could have had five minutes ago needs their head reading!
But at a local level just search AT for anything brand new, and dealers with stock are offering great incentives on brand new models. Kia and Hyundai, Toyota, MG, Citroën, Skoda, Suzuki, Nissan...
no you might not be able to walk into your local dealer if they have nothing, but if you're buying new who cares.
A new i20N at 24.5? I have no idea how £1800 off list compares with "before", broadspeed etc, or second hand, but anyone paying 30% more for the same mini as they could have had five minutes ago needs their head reading!
https://www.selectcarleasing.co.uk/special-offers?...
If you look at select car leasing for deals available within 1 month there are quite a few now available immediately.
If you look at select car leasing for deals available within 1 month there are quite a few now available immediately.
Milemuncher said:
There are deals available on large SUVs across a number of manufacturers now, albeit you will have to wait 6-9 months for delivery in most cases. There were some stock XC90s on Carwow available immediately last time I looked.
I’d say the picture is changing rapidly.
Lots of new X5s and GLEs knocking about.I’d say the picture is changing rapidly.
Saweep said:
Milemuncher said:
There are deals available on large SUVs across a number of manufacturers now, albeit you will have to wait 6-9 months for delivery in most cases. There were some stock XC90s on Carwow available immediately last time I looked.
I’d say the picture is changing rapidly.
Lots of new X5s and GLEs knocking about.I’d say the picture is changing rapidly.
In the showroom for immediate delivery they had two of the new i thingy’s, 1 x X1 25e, 1 x X3 20d, 1 x X5 30d, 1 x X6 30d, 1 x X7, a 520d saloon and a new model 218d 5dr
No 1 series or 3 series
Milemuncher said:
There are deals available on large SUVs across a number of manufacturers now, albeit you will have to wait 6-9 months for delivery in most cases. There were some stock XC90s on Carwow available immediately last time I looked.
I’d say the picture is changing rapidly.
I ordered a new Q7 in late November with what I thought was a decent discount, it arrived in April. For various reasons I’m just not getting on with it, so it has just been sold to main dealer group for a modest profit. I’d say the picture is changing rapidly.
I expected to take some sort of hit, but I think I just got lucky, buying before the price increased in December and the discounts started to reduce.
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