Secondhand car price crash?
Discussion
I expect we will see a return to the days of good leasing deals once manufacturers realise that their agency model has some drawbacks in times of limited demand.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
ChocolateFrog said:
RayDonovan said:
confused_buyer said:
The agency model might come as a shock to some manufacturers. I wonder if they'll be looking back wistfully at the days when they could demand every one of their dealers took a metallic brown manual C Class with no leather or nav at the end of the month to clear the batch they mysteriously have sitting around.
Used to love those days working for Audi. We seemed to do quite well and got some real nice stuff delivered. Highlight was a postbox red Allroad 3.0Tdi which strangely sold straight away..
I worked there for 4 years and we always had an A8 & RS6 on demo, never sold one of them brand new in all that time
Didn't think either was that rare.
My mate was the A8 "advocate" and we all took the piss considering he never shifted one brand new. Lovely cars but the 4.2V8 diesel used to make me feel sick
Changed a bit when the R8 was released as it brought a whole new customer base into the brand
Milemuncher said:
I expect we will see a return to the days of good leasing deals once manufacturers realise that their agency model has some drawbacks in times of limited demand.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
If they sell brand new cars to leasing companies at a discount and the lease company sells onto end user isn't that basically the leasing company taking the place of a dealer? That's not really a true agency model.They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
confused_buyer said:
Milemuncher said:
I expect we will see a return to the days of good leasing deals once manufacturers realise that their agency model has some drawbacks in times of limited demand.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
If they sell brand new cars to leasing companies at a discount and the lease company sells onto end user isn't that basically the leasing company taking the place of a dealer? That's not really a true agency model.They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
With the possible exception of the legendary Golf R deal, the very best lease deals tended to be on run out stock / over supply stock.
Milemuncher said:
I expect we will see a return to the days of good leasing deals once manufacturers realise that their agency model has some drawbacks in times of limited demand.
They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
Yep leasing, car hire firms, dealer demos, low APR offers all to used as supply release valves. They will not want to be seen to be massively discounting list prices but I think they will be comfortable to offload volume via the leasing market.
I don't like the agency model largely because I think I can do better than the average at getting a deal (as I would expect most people on PH would) but most car 'buyers' just want a something to take them and their smartphone from one place to the next. In that context the agency model works well especially as there is the added ability to hide capital prices in monthly payments with small print that few people read.
Tomanybikes said:
Just saw a Golf R on AT with a total payable of £77.5K absolute bargain.
Lol, that’s some mark up!I see more R’s about than GTi’s these days but maybe I just notice them more.
I can see the pros and cons of the sticker price being what you pay with no haggle room on new cars but on used I don’t think I’d ever willingly prefer distance buying. I know some are fine with it but it’s just not for me. The VR stuff is interesting but I’ll stick to gaming on it for now. GT7 on the PSVR2 is likely in my near future, a virtual showroom probably isn’t.
I haven’t read this thread in a few weeks but of the few cars I’ve been watching out of interest over that time the prices have stayed the same on the unsold ones and fresh stock is coming on at about the same price give or take a little based on things like spec and mileage. Lots of multiple owner low mileage stuff that I’m assuming is pandemic/lockdown/WFH related.
e-honda said:
Just got a text from WBAC
Avoid the price drop!
Book your appointment here
It's official the the crash is coming
I probably deserve a parrot .Avoid the price drop!
Book your appointment here
It's official the the crash is coming
I currently have my 2021 M135 through their books.
It's a ploy to force you to sell, and have had this message 2 times. Than suddenly its goes up to the original offer .
ThePrisoner said:
I probably deserve a parrot .
I currently have my 2021 M135 through their books.
It's a ploy to force you to sell, and have had this message 2 times. Than suddenly its goes up to the original offer .
I think it is far more likely they are rigging the market and have chosen me to be one of the select few to be let in on it as my reward for occasionally directing people to the little booth when I worked in an office that shared a car park with a WBAC site 7 or 8 years ago.I currently have my 2021 M135 through their books.
It's a ploy to force you to sell, and have had this message 2 times. Than suddenly its goes up to the original offer .
e-honda said:
Just got a text from WBAC
Avoid the price drop!
Book your appointment here
It's official the the crash is coming
Text “stop”.Avoid the price drop!
Book your appointment here
It's official the the crash is coming
Joking, but I’d never let them spam me. My work number is my personal number and it’s my life’s mission to remove low quality call contacts! .
Any site asking for a phone number for no good reason is usually an instant no.
Interesting message though. They’re not stupid and know how some are thinking. It probably will convince the odd waverer to think sell now rather than risk a drop.
skinnyman said:
The problem I see with Merc trying to become more luxury and less mainstream is anything below an E class isn't luxury, the interiors in the A & C class look like they've been designed by teenagers, the sportier models are even worse.
Yes, the Lewis Hamliton effect. Didn't they enter F1 as a constructor in 2010 to appeal to the yoof market? Gassing Station | Car Buying | Top of Page | What's New | My Stuff