Trade already marking down diesels

Trade already marking down diesels

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treetops

Original Poster:

1,177 posts

157 months

Saturday 22nd April 2017
quotequote all
Spoke to a well regarded sales manager the other day and he's already instructed his team to mark down diesel trade ins by further 15% minimum on rock bottom book value. Petrol enquiries are on the up apparently.

Is this the tip of the iceberg?

Anyone else heard similar?

matthias73

2,883 posts

149 months

Saturday 22nd April 2017
quotequote all
Excellent time to own a 3.0 petrol then

Teebs

4,265 posts

214 months

Saturday 22nd April 2017
quotequote all
I had a quote to trade in my wife's 61 plate petrol focus 1.6 Turbo Ecoboost and the value went up £500 over 2 months (circa 8% increase).

Might be linked, might not.

Pintofbest

804 posts

109 months

Saturday 22nd April 2017
quotequote all
They aren't going down on forecourts so sounds like profiteering to me based on scare tactics about the 'death of diesel' which isn't for a large number of years yet for second hand cars at least.

GrandAndrew

871 posts

149 months

Saturday 22nd April 2017
quotequote all
We're certainly having the conversation with people about the whole thing but in truth the sales of diesels remain as strong as ever for both new and used vehicles.

I'm not in any way put off by taking a diesel into stock at the moment but will naturally be swayed by my customers buying patterns. It will be interesting to see how the whole thing pans out over the next 18 months. I will say that I'd no longer be inclined to take a gamble on a late out of franchise piece of diesel stock, instead preferring to get a reliable underwrite from elsewhere.

I'd also find the idea of knocking a customer hard on a car they bought in good faith from me two or three years ago quite unpalatable.

Sa Calobra

37,011 posts

210 months

Saturday 22nd April 2017
quotequote all
Good. It'll mean less diesel cars trundling around doing silly low mileage polluting allowing other diesel drivers to continue using them elsewhere as always.

The fashion for diesel was ridiculous. The only issue is why isn't the government coming down hard on VW/Audi for the cheat emmissions?

fatboy b

9,492 posts

215 months

Saturday 22nd April 2017
quotequote all
matthias73 said:
Excellent time to own a 3.0 petrol then
Pussy hehe

Buzz84

1,138 posts

148 months

Saturday 22nd April 2017
quotequote all
Had similar when Mrs Buzz was considering trading in her VW Golf GT TDI around the time that the emissions scandle broke into the news. The garage were devaluing her car massively saying that no one wanted Diesel VW's anymore.

Though funnily he wouldn't accept that when I quoted him back and wouldn't lower the price on the VW Scirocco TDI she was looking to trade it in for!!!

Adz The Rat

13,949 posts

208 months

Saturday 22nd April 2017
quotequote all
Sa Calobra said:
The only issue is why isn't the government coming down hard on VW/Audi for the cheat emmissions?
Because nobody cares.

KungFuPanda

4,324 posts

169 months

Saturday 22nd April 2017
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Are they marking down the prices that the diesels are retailing at too?

V8A*ndy

3,695 posts

190 months

Saturday 22nd April 2017
quotequote all
Pintofbest said:
They aren't going down on forecourts so sounds like profiteering to me based on scare tactics about the 'death of diesel' which isn't for a large number of years yet for second hand cars at least.
Regarding my own TDi and the emissions scandal.

I was told a few months back "nobody will be wanting them" and he "would be doing me a favour". This was with reference to Diesel gate.

It was then I realised that Diesels would become a profiteering, scare mongering scam for the traders and dealers.





treetops

Original Poster:

1,177 posts

157 months

Saturday 22nd April 2017
quotequote all
Things always start off like this, but it seems to gathering pace, diesel is basically a dead man walking.

The fact it's killing people and shown to be way worse for our health means the party really is over.

Soon enough they will become cheaper, retail stock won't come down quite until new stand in pricing moves through the system.

TooMany2cvs

29,008 posts

125 months

Saturday 22nd April 2017
quotequote all
Sa Calobra said:
The only issue is why isn't the government coming down hard on VW/Audi for the cheat emmissions?
Because it was the US tests which VAG were caught cheating, not the European ones.

Monkeylegend

26,227 posts

230 months

Saturday 22nd April 2017
quotequote all
Seems like they will be good buy soon then, anther 15% off and plenty of bargains around hopefully.

MuscleSaloon

1,541 posts

174 months

Saturday 22nd April 2017
quotequote all
TooMany2cvs said:
Because it was the US tests which VAG were caught cheating, not the European ones.
True, its a whole different ball game in the US. VW are paying people amazingly large amounts to buy back the affected Diesels. Some people will have had virtually free use of their TDi's for many years !

bearman68

4,644 posts

131 months

Saturday 22nd April 2017
quotequote all
treetops said:
Things always start off like this, but it seems to gathering pace, diesel is basically a dead man walking.

The fact it's killing people and shown to be way worse for our health means the party really is over.

Soon enough they will become cheaper, retail stock won't come down quite until new stand in pricing moves through the system.
<Sigh> As someone who has spent a lot of time researching this the evidence is wafer thin / non existent. However, feel free to link the papers that statistically show this trend, and I might yet be convinced.

papa3

1,407 posts

186 months

Saturday 22nd April 2017
quotequote all
bearman68 said:
<Sigh> As someone who has spent a lot of time researching this the evidence is wafer thin / non existent. However, feel free to link the papers that statistically show this trend, and I might yet be convinced.
I agree completely, this is a massive over reaction to a few news pieces BUT a free market doesn't require evidence. Prices on used diesels are back and sales of new diesel models are down.

This is not purely related to the current bad press however. The performance and economy of the new petrol engines have shifted the "Diesel driver" segment back towards the higher mileage driver, tow vehicles and commercials.

av185

18,434 posts

126 months

Saturday 22nd April 2017
quotequote all
Usual overhyped garbage.

Prices of typical 3 year old 40k milers remain strong according to the true market place experts...BCA.

Current market report.

'March 2017 average values in the fleet and lease sector rose to a NEW RECORD HIGH by 2.7percent (£276) to £10455. Year on year values up substantially rising by £714 or 7.4 percent and retail value against original MRP improved by a point to 43.4 percent.'

Still, the internet 'experts'/hopefuls continue trying in vain to talk down the market...hehe

matthias73

2,883 posts

149 months

Saturday 22nd April 2017
quotequote all
fatboy b said:
matthias73 said:
Excellent time to own a 3.0 petrol then
Pussy hehe
There's always a bigger fish laugh

(Obi wan, the phantom menace)

MuscleSaloon

1,541 posts

174 months

Saturday 22nd April 2017
quotequote all
GrandAndrew said:
in truth the sales of diesels remain as strong as ever for both new and used vehicles.
And so they will.

Driven hard with mixed use I see 52 - 53 mpg average out of 1.5 or 1.6 HDi's. An alternative petrol vehicle gives me 20mpg less real world with exactly the same use. Not forgetting road tax has gone up just the same on petrol cars as it has on Diesel cars so no incentive there to switch either.