Secondhand car price crash?

Secondhand car price crash?

TOPIC CLOSED
TOPIC CLOSED
Author
Discussion

EC2

1,512 posts

259 months

Friday 17th March 2023
quotequote all
ChocolateFrog said:
An Audi dealership never sold a single RS6 or A8 in 4 years?

Didn't think either was that rare.
Had a coupe of A8s back in the day. Both born slightly used with massive discounts. Great cars.

Milemuncher

556 posts

121 months

Friday 17th March 2023
quotequote all
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.

RayDonovan

4,865 posts

221 months

Friday 17th March 2023
quotequote all
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 hehe
An Audi dealership never sold a single RS6 or A8 in 4 years?

Didn't think either was that rare.
Not particularly rare, no. We sold a strange mix really, consistently the top sellers in the UK for A4/A6 Allroads (lots of farmers, vets and country folk) but nothing "flashy", so A8/RS6. We did do well when the RS4 saloon was released in the mid 00's, but RS6 estate - nada.
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 hehe
Changed a bit when the R8 was released as it brought a whole new customer base into the brand

confused_buyer

6,752 posts

187 months

Friday 17th March 2023
quotequote all
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.

Milemuncher

556 posts

121 months

Friday 17th March 2023
quotequote all
Pretty much but if they have unsold inventory, it’s probably the most palatable option?

Deep Thought

36,682 posts

203 months

Friday 17th March 2023
quotequote all
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.
The best lease deals were always on in hand / disposal stock. I'd imagine that will return.

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.

Deep Thought

36,682 posts

203 months

Friday 17th March 2023
quotequote all
So what happened our resident Doom monger?

Has he got himself a ban or is he back in hibernation until the next sniff of a Grind Time?

EC2

1,512 posts

259 months

Friday 17th March 2023
quotequote all
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.

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

987 posts

32 months

Friday 17th March 2023
quotequote all
Just saw a Golf R on AT with a total payable of £77.5K absolute bargain. rofl


cheesejunkie

3,357 posts

23 months

Friday 17th March 2023
quotequote all
Tomanybikes said:
Just saw a Golf R on AT with a total payable of £77.5K absolute bargain. rofl
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

9,275 posts

152 months

Friday 17th March 2023
quotequote all
Just got a text from WBAC
Avoid the price drop!
Book your appointment here
It's official the the crash is coming

Sunday Drive

218 posts

26 months

Friday 17th March 2023
quotequote all
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
It’s not coming.

Captain Smerc

3,092 posts

122 months

Friday 17th March 2023
quotequote all
Sunday Drive said:
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
It’s not coming.
Be calm

Tomanybikes

987 posts

32 months

Friday 17th March 2023
quotequote all
Sunday Drive said:
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
It’s not coming.
Possibly not but if a Golf at £77.5k and a RS3 at £88k I think the world had gone mad!!!

skinnyman

1,710 posts

99 months

Friday 17th March 2023
quotequote all
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.

ThePrisoner

1,073 posts

214 months

Friday 17th March 2023
quotequote all
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 .

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 . smile

e-honda

9,275 posts

152 months

Friday 17th March 2023
quotequote all
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 . smile
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.

georgeyboy12345

3,631 posts

41 months

Friday 17th March 2023
quotequote all
e-honda, didn't you correctly predict used car prices rising as a result of covid? I seem to remember that thread from 2020

cheesejunkie

3,357 posts

23 months

Saturday 18th March 2023
quotequote all
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”.

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! smile.

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.

jamei303

3,028 posts

162 months

Saturday 18th March 2023
quotequote all
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?
TOPIC CLOSED
TOPIC CLOSED