Will Coronavirus hit used car prices?
Discussion
Inky81 said:
Throttlebody said:
Deep Thought said:
Throttlebody said:
Your head full of theatre again? You do know there is more than one EV model for sale in the UK and they are all eligible for 0% BIK. Tesla out sold the Fiesta. Point worth making.I would imagine Tesla sold more cars than McDonalds did burgers in May, but that doesnt mean there wont be a demand for McDonalds - as proven already with the "pent up demand" we're seeing at their drive throughs.
You really really need to stop looking at one off statistics based on a shut down market and then projecting that out as a trend.
Quite enjoying your ‘Burgernomics’. Interesting that you feel you need to use a burger analogy to get a point across.
The point made was that sales of BEV's has increased because of tax incentives, not because of a market shift, their business model or anything else.
The 'fact' Tesla's performed relatively well (compared to others) in a month where traditional routes to market were shut doesn't tell us a whole lot.
Throttlebody said:
Inky81 said:
Throttlebody said:
Deep Thought said:
Throttlebody said:
Your head full of theatre again? You do know there is more than one EV model for sale in the UK and they are all eligible for 0% BIK. Tesla out sold the Fiesta. Point worth making.I would imagine Tesla sold more cars than McDonalds did burgers in May, but that doesnt mean there wont be a demand for McDonalds - as proven already with the "pent up demand" we're seeing at their drive throughs.
You really really need to stop looking at one off statistics based on a shut down market and then projecting that out as a trend.
Quite enjoying your ‘Burgernomics’. Interesting that you feel you need to use a burger analogy to get a point across.
The point made was that sales of BEV's has increased because of tax incentives, not because of a market shift, their business model or anything else.
The 'fact' Tesla's performed relatively well (compared to others) in a month where traditional routes to market were shut doesn't tell us a whole lot.
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Please explain, oh Mr Knowitall, how on earth one would buy a new Fiesta during lockdown?
I'll wait.
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Inky81 said:
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Please explain, oh Mr Knowitall, how on earth one would buy a new Fiesta during lockdown?
I'll wait.
gizlaroc said:
Inky81 said:
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Of course it is to do with BIK. Loads of people I know are moving to them as company cars, it is a no brainer.
Inky81 said:
Throttlebody said:
Deep Thought said:
Throttlebody said:
Your head full of theatre again? You do know there is more than one EV model for sale in the UK and they are all eligible for 0% BIK. Tesla out sold the Fiesta. Point worth making.I would imagine Tesla sold more cars than McDonalds did burgers in May, but that doesnt mean there wont be a demand for McDonalds - as proven already with the "pent up demand" we're seeing at their drive throughs.
You really really need to stop looking at one off statistics based on a shut down market and then projecting that out as a trend.
Quite enjoying your ‘Burgernomics’. Interesting that you feel you need to use a burger analogy to get a point across.
The point made was that sales of BEV's has increased because of tax incentives, not because of a market shift, their business model or anything else.
The 'fact' Tesla's performed relatively well (compared to others) in a month where traditional routes to market were shut doesn't tell us a whole lot.
Even the test drive was straightforward.
That said the government are convincing people to go electric to encourage mass market adoption. Once people buy a Tesla I doubt they will want to go back to ICE so you’ve converted them and you’ve converted the people who would buy then secondhand. You also will encourage companies to setup more charging stations and similar if there are more cars on the road.
Teslas were still the best sellers, but the Corsa wasn't far behind, whereas in April it was along way back, so perhaps things are gradually becoming more realistic, albeit at a much reduced rate. Anyway my prediction for June is that May's figures were about five times April's, if this trend continues then June's will be five times May's, ie about 50% of last years. I don't see my logic as being inferior to that of any of the other stuff spouted here so it is just as likely as any other prediction here 
As for used cars, the same logic applies, so as the law of supply and demand states they are inversely related, the supply of used cars will also increase by 50%, so their price will fall by 50%. Forget all this SMMT waffle, you saw it here first 
As for used cars, the same logic applies, so as the law of supply and demand states they are inversely related, the supply of used cars will also increase by 50%, so their price will fall by 50%. Forget all this SMMT waffle, you saw it here first Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
How hard is that to grasp that if a dealer isnt open, you cant buy one?
Deep Thought said:
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
How hard is that to grasp that if a dealer isnt open, you cant buy one?
Inky81 said:
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Please explain, oh Mr Knowitall, how on earth one would buy a new Fiesta during lockdown?
I'll wait.
Throttlebody said:
Deep Thought said:
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
How hard is that to grasp that if a dealer isnt open, you cant buy one?
TarquinMX5 said:
Inky81 said:
Throttlebody said:
Inky81 said:
I didn't mention burgers. Are you hungry?
Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Why did it outsell the Fiesta then?Aren't you the guy looking for a £900 Jag? If so, tell us more about your experience of buying a Tesla?
Tesla's rise in popularity has F all to do with it's sales model (which is appalling) and everything to do with HMRC's tax incentives.
Please explain, oh Mr Knowitall, how on earth one would buy a new Fiesta during lockdown?
I'll wait.
TarquinMX5 said:
It would have been easy; most garages, certainly around here, were 'closed' as far as showrooms were concerned but staff were working online. Pay for car online, either delivered from stock or ordered, presumably once factories start up again. Either way, relatively easy, although it would seem that not many people actually did it.
I'm still waiting on 40 vans for clients ordered from Ford in January. They say their supply chains and distribution network were closed. I'm expecting them over the next couple of weeks. It certainly wasn't 'easy' to obtain them any sooner. Forgive me, I'm in a spouting nonsense and cherry picking mood again:
'IMF projects suggest that the coronavirus recession will be the most severe global economic downturn since the Great Depression, and that it will be "far worse" than the Great Recession of 2009.'
'Two reports this week predicted that global growth will struggle to bounce back from the lockdowns, travel restrictions and business closures meant to contain the pandemic.
IHS Markit said that it expects the world economy to shrink 5.5% this year, triple the damage it sustained in the 2008 financial crisis, and then struggle to regain traction.
“While growth in the hardest-hit economies may snap back briefly, the momentum will soon fade,’’ the London-based financial research firm warned.
It expects the US economy to contract by 7.3% this year and the collective economy of the 19 European countries that share the euro currency to recoil 8.6%.
Hobbling the rebound, IHS predicts, will be a wave of business bankruptcies and cautious spending by consumers trying to repair their household finances and uneasy about resuming old habits that drive economic growth — shopping, eating out, booking vacations and going to the cinema.
Deutsche Bank Wealth Management warned that a “hoped-for’’ rebound in the second half of 2020 won’t be strong enough to undo the damage absorbed in the first, at least among the advanced economies of the United States, Europe and Japan.
“We don’t expect developed economies output to be back to pre-crisis levels until 2022,’’ the report said'
'The economy of the European Union is expected to shrink by 7.4 percent in 2020, following the outbreak of Coronavirus (COVID-19) in early 2020, with an economic recovery anticipated in 2021. Greece and Italy are set to be the worst affected economies, seeing GDP decline by 9.7 and 9.5 respectively, while Poland is forecast to shrink by 4.3 percent and shrink the least in 2020.'
'The world economy is in its most precarious position since the global financial crisis.
Global growth, cooling for the past two years to a subdued level, has been dealt a nasty blow by the coronavirus. High frequency indicators such as coal demand, suggest the Chinese economy slowed sharply in the first quarter of 2020. As China accounts for 17% of global GDP, 11% of world trade, 9% of global tourism and over 40% of global demand of some commodities, negative spillovers to the rest of the world are sizeable. There is mounting evidence of sharp declines in tourism, supply chain disruptions, weak commodity demand and falling consumer confidence.'
But it'll blow over and we'll be back to normal in no time thinking 'what was that all about?' eh! Think about the opportunities! It'll be bad, but we'll get through it! Nobody can predict what the future holds and those that think they can are stupid! Etc etc etc
'IMF projects suggest that the coronavirus recession will be the most severe global economic downturn since the Great Depression, and that it will be "far worse" than the Great Recession of 2009.'
'Two reports this week predicted that global growth will struggle to bounce back from the lockdowns, travel restrictions and business closures meant to contain the pandemic.
IHS Markit said that it expects the world economy to shrink 5.5% this year, triple the damage it sustained in the 2008 financial crisis, and then struggle to regain traction.
“While growth in the hardest-hit economies may snap back briefly, the momentum will soon fade,’’ the London-based financial research firm warned.
It expects the US economy to contract by 7.3% this year and the collective economy of the 19 European countries that share the euro currency to recoil 8.6%.
Hobbling the rebound, IHS predicts, will be a wave of business bankruptcies and cautious spending by consumers trying to repair their household finances and uneasy about resuming old habits that drive economic growth — shopping, eating out, booking vacations and going to the cinema.
Deutsche Bank Wealth Management warned that a “hoped-for’’ rebound in the second half of 2020 won’t be strong enough to undo the damage absorbed in the first, at least among the advanced economies of the United States, Europe and Japan.
“We don’t expect developed economies output to be back to pre-crisis levels until 2022,’’ the report said'
'The economy of the European Union is expected to shrink by 7.4 percent in 2020, following the outbreak of Coronavirus (COVID-19) in early 2020, with an economic recovery anticipated in 2021. Greece and Italy are set to be the worst affected economies, seeing GDP decline by 9.7 and 9.5 respectively, while Poland is forecast to shrink by 4.3 percent and shrink the least in 2020.'
'The world economy is in its most precarious position since the global financial crisis.
Global growth, cooling for the past two years to a subdued level, has been dealt a nasty blow by the coronavirus. High frequency indicators such as coal demand, suggest the Chinese economy slowed sharply in the first quarter of 2020. As China accounts for 17% of global GDP, 11% of world trade, 9% of global tourism and over 40% of global demand of some commodities, negative spillovers to the rest of the world are sizeable. There is mounting evidence of sharp declines in tourism, supply chain disruptions, weak commodity demand and falling consumer confidence.'
But it'll blow over and we'll be back to normal in no time thinking 'what was that all about?' eh! Think about the opportunities! It'll be bad, but we'll get through it! Nobody can predict what the future holds and those that think they can are stupid! Etc etc etc
TarquinMX5 said:
It would have been easy; most garages, certainly around here, were 'closed' as far as showrooms were concerned but staff were working online. Pay for car online, either delivered from stock or ordered, presumably once factories start up again. Either way, relatively easy, although it would seem that not many people actually did it.
It’s going to be interesting to see how sales quotas shift more to ‘click and collect’ post lockdown but with self distancing still in place. Dealers and manufacturers are playing a catch with the online buying process. Can only be a positive move.Gassing Station | General Gassing | Top of Page | What's New | My Stuff