Will Coronavirus hit used car prices?
Discussion
Pommy said:
Butter Face said:
Pommy said:
To the car sales guys, how many of the sales have been done by finance and of those hoe many are employed in vulnerable industries?
What’s a vulnerable industry? Can you clarify?NHS
Construction
Fishing
Homemaker
Community care
Engineering
Police
Education
Mixed bag 9 out of 19 deals financed by us. Rest we’re ‘cash’
Butter Face said:
Pommy said:
Butter Face said:
Pommy said:
To the car sales guys, how many of the sales have been done by finance and of those hoe many are employed in vulnerable industries?
What’s a vulnerable industry? Can you clarify?NHS
Construction
Fishing
Homemaker
Community care
Engineering
Police
Education
Mixed bag 9 out of 19 deals financed by us. Rest we’re ‘cash’
Be interesting to see the mix post benefits cessation.
Let's face it, we're not seeing the crash everyone hoped. People have money saved, being locked up for weeks and businesses haven't really spent much.
Travel and tourism has taken the biggest hit, but everyone else, not so much.
Pent up demand is funding the shortfall, a slight lull while the reluctant get back to work then it's spend the money they have saved.
L shape will be a V shape. Especially when the inheritances start getting spent.
Interestingly barely no-one on PH is worried about losing their job, but are waiting like hawks for everyone else to sell cheap. Including me. :-)
Travel and tourism has taken the biggest hit, but everyone else, not so much.
Pent up demand is funding the shortfall, a slight lull while the reluctant get back to work then it's spend the money they have saved.
L shape will be a V shape. Especially when the inheritances start getting spent.
Interestingly barely no-one on PH is worried about losing their job, but are waiting like hawks for everyone else to sell cheap. Including me. :-)
Edited by jimPH on Saturday 30th May 16:55
Apologies if the salespeople have already covered this but some context around how busy they are would be appreciated.
For example, if your dealership had 10 salespeople selling 10 cars on average each month and 9 of them were furloughed, the remaining person selling 14 cars for the month would make them pretty busy but is a meaningless number of sales without knowing the full story.
For example, if your dealership had 10 salespeople selling 10 cars on average each month and 9 of them were furloughed, the remaining person selling 14 cars for the month would make them pretty busy but is a meaningless number of sales without knowing the full story.
DeuceDeuce said:
Apologies if the salespeople have already covered this but some context around how busy they are would be appreciated.
For example, if your dealership had 10 salespeople selling 10 cars on average each month and 9 of them were furloughed, the remaining person selling 14 cars for the month would make them pretty busy but is a meaningless number of sales without knowing the full story.
Last May we did 78 orders between 6 sales people.For example, if your dealership had 10 salespeople selling 10 cars on average each month and 9 of them were furloughed, the remaining person selling 14 cars for the month would make them pretty busy but is a meaningless number of sales without knowing the full story.
I did 25 this month in total by myself.
1/6 the workforce doing 1/3 of the sales in a closed showroom during a pandemic.
Throttlebody said:
Greggs have just trial opened a few outlets in the NE and the CEO said they have been really busy selling sausage rolls.
Does this mean I'll be able to buy a load of previously expensive cars for £1000 or does it mean I'll not even be able to afford a moped by August? We need financial analysis not soundbites.
Salmonofdoubt said:
Throttlebody said:
Greggs have just trial opened a few outlets in the NE and the CEO said they have been really busy selling sausage rolls.
Does this mean I'll be able to buy a load of previously expensive cars for £1000 or does it mean I'll not even be able to afford a moped by August? We need financial analysis not soundbites.
I was going to buy a car in Q1 this year but postponed it as soon as I started to follow the lockdown in China. Now I won’t be buying until next year.
Auction prices are obviously the first indicator that prices will fall, but even then it will be months afterwards as retailers will understandably try to maximise profits. No hating here! Lol
Is anyone able to provide a link to latest data from auction houses or do u need to be in the trade?
Auction prices are obviously the first indicator that prices will fall, but even then it will be months afterwards as retailers will understandably try to maximise profits. No hating here! Lol
Is anyone able to provide a link to latest data from auction houses or do u need to be in the trade?
Salmonofdoubt said:
Throttlebody said:
Greggs have just trial opened a few outlets in the NE and the CEO said they have been really busy selling sausage rolls.
Does this mean I'll be able to buy a load of previously expensive cars for £1000 or does it mean I'll not even be able to afford a moped by August? 
i'm keeping a note here of some prices.
Doing a typical year old used car - Ford Focus in its most prevalent trim level - ST-Line in both diesel and petrol variants. Year old, manual, not registered as Cat C/D/S/N, tracking the number of cars for sale, the five cheapest prices and the cheapest franchised car.
Will also do a BMW 320d M Sport and maybe something like a year old Q5. Will track prices monthly from here on in and see what they look like month on month.
Just be interesting to see how that looks as we progress.
Doing a typical year old used car - Ford Focus in its most prevalent trim level - ST-Line in both diesel and petrol variants. Year old, manual, not registered as Cat C/D/S/N, tracking the number of cars for sale, the five cheapest prices and the cheapest franchised car.
Will also do a BMW 320d M Sport and maybe something like a year old Q5. Will track prices monthly from here on in and see what they look like month on month.
Just be interesting to see how that looks as we progress.
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