When will used car prices drop?
Discussion
Porsche911R said:
most stocks have done the u turn already back up 20%, where is the flat line or 2 year wait ?. most business will reopen in 2/3 weeks a lot cannot wait and have reopened.
growth will be up In the 2nd and 3rd 1/4 as it's dead now so that's a given.
yes we will have a debt issue and yes the leisure side is in big trouble, but in the main it will be back to normal.
Leisure will hit the EU and places like Spain, Italy and france far harder. I predict UK record holiday bookings and record growth in 2021.
as for the car market and high street , those 2 area were in trouble, nothing to do with covid. used car prices were crashing due to a flooded market as is.
PCP sales while has driven the market the last 15 years has now ruined the market, this I already predicted 3 or 4 years back.
I await the big ppi like PCP scandle if anything.
And f***k Porsche OPC's robbing b
ds, about time they took some heat all my cars are coming out of the OPC network.
ON line sales are booming, Amazon stocks record highs. saled up 35 % places like BOO HOO already have recovered their share price.
people are spending more than ever it seems just on line !
why are we flying in workers, o yes people want free money over moving jobs to booming area's
UK needed a reset, imo it's for the better. Will it change people, I doubt it.
And to add the lower end of the fun car market is seeing a rise !!! 205 GTi etc prices up ! who would have thought it.
"Food and online shopping rose, and alcohol sales jumped by 31%.
Online shopping as a proportion of all retail reached a record high of 22%"
people are still spending just in other area's
Jesus David, you are absolutely deluded !growth will be up In the 2nd and 3rd 1/4 as it's dead now so that's a given.
yes we will have a debt issue and yes the leisure side is in big trouble, but in the main it will be back to normal.
Leisure will hit the EU and places like Spain, Italy and france far harder. I predict UK record holiday bookings and record growth in 2021.
as for the car market and high street , those 2 area were in trouble, nothing to do with covid. used car prices were crashing due to a flooded market as is.
PCP sales while has driven the market the last 15 years has now ruined the market, this I already predicted 3 or 4 years back.
I await the big ppi like PCP scandle if anything.
And f***k Porsche OPC's robbing b
ds, about time they took some heat all my cars are coming out of the OPC network.ON line sales are booming, Amazon stocks record highs. saled up 35 % places like BOO HOO already have recovered their share price.
people are spending more than ever it seems just on line !
why are we flying in workers, o yes people want free money over moving jobs to booming area's
UK needed a reset, imo it's for the better. Will it change people, I doubt it.
And to add the lower end of the fun car market is seeing a rise !!! 205 GTi etc prices up ! who would have thought it.
"Food and online shopping rose, and alcohol sales jumped by 31%.
Online shopping as a proportion of all retail reached a record high of 22%"
people are still spending just in other area's
Edited by Porsche911R on Friday 24th April 10:31
You are saying that “Most businesses will open in 2-3 weeks” - lockdown will go on and on and even if they do re open, if they have any moral sense of duty they will need to comply (& enforce) social distancing measures; in a huge amount of cases this will reduce productivity and add cost.
Online will not make up for the decline in stores - according to you Online is 22% - that means bricks and mortar are 78% - so if you take your + 32 % in the Online food sector as being representative of total online (which I absolutely know for a fact it isn’t, as food is a positive outlier, but I’ll humour you) then total Retail would still to be down about 61%, whilst still carrying lots of fixed and variable costs (& increased online costs “if” working safely to covid 19 social distancing guidelines.) As you say, Retail is going to find this very tough and along with leisure, it’s a sector that employs literally millions of people. Debenhams have called in the administrator as have Oasis, Warehouse and Laura Ashley, the longer this lasts, the worse it will get. Boohoo’s share price recovering doesn’t prove that Online is going to be ok.
Also thinking that as Q2 is bad that Q3 & Q4 will make up for it, is simply quite ludicrous - tell that to the airlines, travel company’s (who’s getting on a plane while this is around) , people who own stores that remain closed - even the sectors that aren’t directly affected will be when clients start to default on invoices and no one spends due to fear, saving, unemployment - everything is so connected.
Blimey ...........
Edited by RSVP911 on Friday 24th April 13:44
GT4P said:
Everyone is entitled to an opinion but none of us really know how this will pan out. The wealthy it will not affect and likewise those on full benefits(it's a normal day for them) . The hardest hit will be mr average as usual. In times like these there are always winners and losers.
By the way mrD do you have anger issues I think you need to take a chill pill;)
I think we have too many pro EU people and they are the very same anti UK people posting ;-)By the way mrD do you have anger issues I think you need to take a chill pill;)
Porsche911R said:
most stocks have done the u turn already back up 20%, where is the flat line or 2 year wait ?. most business will reopen in 2/3 weeks a lot cannot wait and have reopened.
growth will be up In the 2nd and 3rd 1/4 as it's dead now so that's a given.
yes we will have a debt issue and yes the leisure side is in big trouble, but in the main it will be back to normal.
Leisure will hit the EU and places like Spain, Italy and france far harder. I predict UK record holiday bookings and record growth in 2021.
as for the car market and high street , those 2 area were in trouble, nothing to do with covid. used car prices were crashing due to a flooded market as is.
PCP sales while has driven the market the last 15 years has now ruined the market, this I already predicted 3 or 4 years back.
I await the big ppi like PCP scandle if anything.
And f***k Porsche OPC's robbing bds, about time they took some heat all my cars are coming out of the OPC network.
ON line sales are booming, Amazon stocks record highs. saled up 35 % places like BOO HOO already have recovered their share price.
people are spending more than ever it seems just on line !
why are we flying in workers, o yes people want free money over moving jobs to booming area's
UK needed a reset, imo it's for the better. Will it change people, I doubt it.
And to add the lower end of the fun car market is seeing a rise !!! 205 GTi etc prices up ! who would have thought it.
"Food and online shopping rose, and alcohol sales jumped by 31%.
Online shopping as a proportion of all retail reached a record high of 22%"
people are still spending just in other area's
Jesus David, you are absolutely deluded !growth will be up In the 2nd and 3rd 1/4 as it's dead now so that's a given.
yes we will have a debt issue and yes the leisure side is in big trouble, but in the main it will be back to normal.
Leisure will hit the EU and places like Spain, Italy and france far harder. I predict UK record holiday bookings and record growth in 2021.
as for the car market and high street , those 2 area were in trouble, nothing to do with covid. used car prices were crashing due to a flooded market as is.
PCP sales while has driven the market the last 15 years has now ruined the market, this I already predicted 3 or 4 years back.
I await the big ppi like PCP scandle if anything.
And f***k Porsche OPC's robbing b
ds, about time they took some heat all my cars are coming out of the OPC network.ON line sales are booming, Amazon stocks record highs. saled up 35 % places like BOO HOO already have recovered their share price.
people are spending more than ever it seems just on line !
why are we flying in workers, o yes people want free money over moving jobs to booming area's
UK needed a reset, imo it's for the better. Will it change people, I doubt it.
And to add the lower end of the fun car market is seeing a rise !!! 205 GTi etc prices up ! who would have thought it.
"Food and online shopping rose, and alcohol sales jumped by 31%.
Online shopping as a proportion of all retail reached a record high of 22%"
people are still spending just in other area's
Edited by Porsche911R on Friday 24th April 10:31
You are saying that “Most businesses will open in 2-3 weeks” - lockdown will go on and on and even if they do re open, if they have any moral sense of duty they will need to stick to to social distancing measures and in a huge amount of cases, this will reduce productivity and add cost.
Online will not make up for the decline in stores - according to you Online is 22% - that means bricks and mortar must be 78%, So, if you take your + 32 % in the Online food sector as being representative of total online (which I absolutely know for a fact it isn’t as food is a positive outlier, but I’ll humour you) Then total Retail would still be down about 61% overall. At a time when the sector is still carrying lots of fixed and variable costs (& increased online costs “if” working safely to covid 19 social distancing guidelines.) As you say, Retail is going to find this very tough and along with leisure, it’s a sector that employs literally millions of people. Debenhams have called in the administrator as have Oasis, Warehouse and Laura Ashley, the longer this lasts the worse it will get. Boohoo’s share price recovering doesn’t prove that Online is going to be ok.
Also thinking that as Q2 is bad, that Q 3 & 4 will make up for it is simply quite ludicrous - tell that to the airlines, travel company’s (who’s getting on a plane while this is around) , people who own stores that remain closed - even the sectors that aren’t directly affected will be when clients start to default on invoices and no one spends due to fear, saving, unemployment- everything is connected.
Blimey this is an argument you should not be having .........
Pre CV19 we were heading for a global down turn and this was the icing on the cake. I would like to think that brexit has isolated us to some of the problems the EU will have (interesting that Greece has stayed on top of the problem,very low infections).
What ever happens life goes on we have to adjust but in line with this topic luxury car prices will crash some more than others but at least the sun is shining and I have cold beer in the fridge for later
What ever happens life goes on we have to adjust but in line with this topic luxury car prices will crash some more than others but at least the sun is shining and I have cold beer in the fridge for later
RSVP911 said:
av, you are a lovely guy, but this is bonkers - no one is going to pay any material overs for anything for a huge amount of time - people on here ( not you) are saying that the people who buy GT Porsche’s are immune are deluded. Even if you can afford it sentiment has changed - no matter how wealthy you are - virtually everyone is less wealthy today than on March 1st - revenues have reduced or virtually dried up , shares have fallen , other asset classes have fallen , sentiment has changed - who wants to own a business where they’ve made large swathes of people redundant, posted profit warnings, postponed dividends and then spunk a load of overs £££ on a trinket when others around them are in a financial mess.
Like a beacon of common sense, how have you lasted so long on here! 
GT4P said:
Pre CV19 we were heading for a global down turn and this was the icing on the cake. I would like to think that brexit has isolated us to some of the problems the EU will have (interesting that Greece has stayed on top of the problem,very low infections).
What ever happens life goes on we have to adjust but in line with this topic luxury car prices will crash some more than others but at least the sun is shining and I have cold beer in the fridge for later
Why for later What ever happens life goes on we have to adjust but in line with this topic luxury car prices will crash some more than others but at least the sun is shining and I have cold beer in the fridge for later
https://www.thegazette.co.uk/notice/3553057
Coys gone.
1st of many....and the economic armageddon hasn't even started yet.
Coys gone.
1st of many....and the economic armageddon hasn't even started yet.
anonymous said:
[redacted]
Again I have not !I did not say the UK was rosy, I said we are in a better place and we be paying this massive debt for years with I guess higher TAX's or a VAT rise at least.
the EU has far bigger issues and Germany won't want to bail out every one in it.
pretty basic.
todays news.
"EU leaders clashed last night over how to rescue their battered economies following the unprecedented coronavirus crisis. Emmanuel Macron said that Europe has "no future" unless the EU27 agree to a huge €1.5tn plan that was also backed by Spain and Italy. He said that this figure amounts to around ten percent of the EU's GDP, an estimate that has sent shockwaves to Germany, Sweden, the Netherlands and other northern countries."
good job we are not in that imo.
Saying that I want an end to the EU, it's corruption is scary.
Edited by Porsche911R on Friday 24th April 14:15
Porsche911R said:
EU will need the mother of all bailouts and most countries take take take, Germany will not want to fund the EU bail out.
Erm https://uk.reuters.com/article/uk-health-coronavir...Porsche911R said:
GT4P said:
Let the EU bun fight begin lol
Not worth it , another pro EU fan. I am not posting on here again it's a Pro EU nutters ;-)I seem to be one of the very few Brexit voters here atm !
RSVP911 said:
av185 said:
Theres a world of difference between an established market price accounting for probable dire prevailing economic conditions and the inflated price the usual initial few buyers will be prepared to pay just to own the first flipped cars being what they consider will be the latest and greatest.
av, you are a lovely guy, but this is bonkers - no one is going to pay any material overs for anything for a huge amount of time - people on here ( not you) are saying that the people who buy GT Porsche’s are immune are deluded. Even if you can afford it sentiment has changed - no matter how wealthy you are - virtually everyone is less wealthy today than on March 1st - revenues have reduced or virtually dried up , shares have fallen , other asset classes have fallen , sentiment has changed - who wants to own a business where they’ve made large swathes of people redundant, posted profit warnings, postponed dividends and then spunk a load of overs £££ on a trinket when others around them are in a financial mess. Essentially what I am saying is despite the obvious dire economic predictions there will always be a few idiots with more money than sense wanting the latest and greatest and prepared to pay for the privilege and this will take the form of a premium. What this will be remains to be seen but personally I can't see it being certainly less than £200k SP for the first few cars.
Where the cars end up settling price wise after the initial bun fight is anyones guess.
Makes no odds to you and me along with many of us on PH we are keeping our gen 2s for obvious reasons already discussed.
Just a word on the future economy and ramifications for future 'normality'.
The timing of the vaccine is clearly crucial to any recovery from this potentially unique event but I think it is useful to read about what happened post depression when up to 70% of the workforce were unemployed in some areas during which in 1931 32 the economy took a 6% hit which by coincidence is what the economy is predicted to decline by this year too.
But despite the grim backdrop and poor future economic predictions remarkably by 1933 the economy bounced back and for the next 4 years it increased by an average of 5% a year. Who would have predicted that in such abject poverty stricken times?
Yes, things are different with this crisis snd yes this was 90 odd years ago but parallels can be drawn and imo we can be too pessimistic.
As I say, much hinges on the timing of the vaccine.
IanJ9375 said:
Porsche911R said:
EU will need the mother of all bailouts and most countries take take take, Germany will not want to fund the EU bail out.
Erm https://uk.reuters.com/article/uk-health-coronavir...Gassing Station | Porsche General | Top of Page | What's New | My Stuff