Will Coronavirus hit used car prices?
Discussion
Saweep said:
Pvapour said:
So said:
Saweep said:
Bentley sent me an email today offering 25k off any stock Bentaygas. Seems like a starting point to me too.
Last year 10k was doable but required a push.
They must be hurting, despite what the dealers say.
Might explain the bid you got on yours.Last year 10k was doable but required a push.
They must be hurting, despite what the dealers say.
I have four or five models I am interested in between 14k-20k
When I plug my filters in I get a good 40+ results on each, all trade sellers. So thats a good 160 / 180 cars there.
Same stock since before lock down, no changes, no price reductions, only 2 have disappeared- not sure if sold, moved on to another dealer or auction etc. They were both main dealer so possibly will resurface at an indie.
Felt that most were 2k too much before all this. On some there is already a face lift version out and the new model due out soon, so they are not fresh models.
Just had an email from a dealer offering 0% APR on their used selection. Had a look, plugged some filters in, was getting Rav4s with 60k miles on the clock for best part of 20k. Hybrid admittedly. Not considered a Toyota before but had zero interest in those at that price level.
As a ready-to-go buyer there needs to be some repricing to get me interested in parting with some cash. Probably get bid down on my px so its even more essential asking prices move with them. Cannot see what else might unfreeze the market.
When I plug my filters in I get a good 40+ results on each, all trade sellers. So thats a good 160 / 180 cars there.
Same stock since before lock down, no changes, no price reductions, only 2 have disappeared- not sure if sold, moved on to another dealer or auction etc. They were both main dealer so possibly will resurface at an indie.
Felt that most were 2k too much before all this. On some there is already a face lift version out and the new model due out soon, so they are not fresh models.
Just had an email from a dealer offering 0% APR on their used selection. Had a look, plugged some filters in, was getting Rav4s with 60k miles on the clock for best part of 20k. Hybrid admittedly. Not considered a Toyota before but had zero interest in those at that price level.
As a ready-to-go buyer there needs to be some repricing to get me interested in parting with some cash. Probably get bid down on my px so its even more essential asking prices move with them. Cannot see what else might unfreeze the market.
Algarve said:
Court_S said:
Equally that may backfire a wee bit; chap on another forum is looking for an M140i, found one he liked the look of but was told in no uncertain terms that he could only drive it after he’d bought it. On a used car that seems a bit counter intuitive. He’s walked and is on the look out still.
No way would I buy a used car without driving / having a good look around it first.
I bet anyone who can tick both boxes of looking/appearing sensible, and able to prove they could afford that M140, could have got a test drive in it. No way would I buy a used car without driving / having a good look around it first.
The blokes been flagged as a time waster.
I’d like an M2, but I’m not going to do anything about it until I can get a decent drive in one to make sure that it’s a big enough improvement over my current car.
Jezzer has spoken. Buy a new car to save 400,000 jobs.
https://www.thesun.co.uk/motors/11800773/britain-s...
https://www.thesun.co.uk/motors/11800773/britain-s...
Throttlebody said:
Jezzer has spoken. Buy a new car to save 400,000 jobs.
https://www.thesun.co.uk/motors/11800773/britain-s...
Shame he wasn't giving the same advice to try and save the British car industry.https://www.thesun.co.uk/motors/11800773/britain-s...
Deep Thought said:
Yes i read comment a few weeks ago about how the "Stay at home. Protect the NHS. Save Lives" message had perhaps been too successful as it was now engrained in peoples minds. Very hard to overturn that.
I go out twice a week to our local supermarket, and maybe once a fortnight to our local Boots to pick up prescriptions (and thats done at the same time as a local supermarket trip) and thats it. No plans to change that at all any time soon.
I think I had it in February as I had the most shocking flu of my life - but unless it's proven I have immunity I'm the same. Absolutely don't want to mess with this thing if I can help it. I suppose we should be grateful for kids and give them money to go out and spend, take their minds off this week's rather pathetic effort at a cultural revolution.I go out twice a week to our local supermarket, and maybe once a fortnight to our local Boots to pick up prescriptions (and thats done at the same time as a local supermarket trip) and thats it. No plans to change that at all any time soon.
andygo said:
I have just noticed that WBAC has now valued my 2017 Golf 7.5R at £15,500, down from £20k a couple of months ago. Not really a problem at the mo as I intend keeping it for a while, but not great news had I been wanting to swap.
On the other hand, similar cars on PH Ads seem to have risen in price by a couple of grand..
WBAC now at £16590 today. I'm a grand better off after 24 hours, lol.On the other hand, similar cars on PH Ads seem to have risen in price by a couple of grand..
Edited by andygo on Monday 8th June 10:43
andygo said:
andygo said:
I have just noticed that WBAC has now valued my 2017 Golf 7.5R at £15,500, down from £20k a couple of months ago. Not really a problem at the mo as I intend keeping it for a while, but not great news had I been wanting to swap.
On the other hand, similar cars on PH Ads seem to have risen in price by a couple of grand..
WBAC now at £16590 today. I'm a grand better off after 24 hours, lol.On the other hand, similar cars on PH Ads seem to have risen in price by a couple of grand..
Edited by andygo on Monday 8th June 10:43
That seems to be the thinking amongst some at the moment.
So said:
andygo said:
andygo said:
I have just noticed that WBAC has now valued my 2017 Golf 7.5R at £15,500, down from £20k a couple of months ago. Not really a problem at the mo as I intend keeping it for a while, but not great news had I been wanting to swap.
On the other hand, similar cars on PH Ads seem to have risen in price by a couple of grand..
WBAC now at £16590 today. I'm a grand better off after 24 hours, lol.On the other hand, similar cars on PH Ads seem to have risen in price by a couple of grand..
Edited by andygo on Monday 8th June 10:43
That seems to be the thinking amongst some at the moment.
Funnily i was just about to put the same...
growlerowl said:
Deep Thought said:
Yes i read comment a few weeks ago about how the "Stay at home. Protect the NHS. Save Lives" message had perhaps been too successful as it was now engrained in peoples minds. Very hard to overturn that.
I go out twice a week to our local supermarket, and maybe once a fortnight to our local Boots to pick up prescriptions (and thats done at the same time as a local supermarket trip) and thats it. No plans to change that at all any time soon.
I think I had it in February as I had the most shocking flu of my life - but unless it's proven I have immunity I'm the same. Absolutely don't want to mess with this thing if I can help it. I suppose we should be grateful for kids and give them money to go out and spend, take their minds off this week's rather pathetic effort at a cultural revolution.I go out twice a week to our local supermarket, and maybe once a fortnight to our local Boots to pick up prescriptions (and thats done at the same time as a local supermarket trip) and thats it. No plans to change that at all any time soon.
On top of that my wife is in the shielding category.
Yes, if young people want to be the Canaries for this by going out then thats fine by me, but not feeling any urge having avoided any social contact and going out for nigh on 3 months to go out now, given we are now just back down to just pre-lockdown levels of infection - and certainly not to wander round shops or shopping centres unnecessarily.
Don't believe anything that you hear from the motor trade and even less from anything that you read in the Sun. Last month they were panicking because up to a million deathtraps could be on the road by November with MOTs being suspended. These will obviously* meet their doom when the tests resume, leaving a huge unsatisfied demand for both new and used cars. The factories will be working overtime and dealers will be working double shifts to cope with the onslaught, jobs will not only be preserved but created and we will all live happily ever after 
(allegedly)
(allegedly)Throttlebody said:
What a great source of information. They even confuse BMW's Rolls Royce with the aero engine RR in the article. All I can say is I am totally lost to the auction values today.
Was after a couple of late plate vans and a BMW for clients, nothing special.
Did not even get to put a bid in as they were mental money. Whilst watching some I was looking at Autotrader where main dealers were selling for less than the auction hammer prices.
Whilst in the new sector most dealerships are still on skeleton staff and busy enough they can’t take calls or call back. Have a small pile of orders for cars where the business managers we normally deal with are still off.
Was after a couple of late plate vans and a BMW for clients, nothing special.
Did not even get to put a bid in as they were mental money. Whilst watching some I was looking at Autotrader where main dealers were selling for less than the auction hammer prices.
Whilst in the new sector most dealerships are still on skeleton staff and busy enough they can’t take calls or call back. Have a small pile of orders for cars where the business managers we normally deal with are still off.
Auto810graphy said:
Whilst in the new sector most dealerships are still on skeleton staff and busy enough they can’t take calls or call back. Have a small pile of orders for cars where the business managers we normally deal with are still off.
New and used cars here, we are on full staff (well minus a trainee), we are struggling to keep up with enquiries and managing existing and pre CV19 orders, calling people back etc, missing people who call in, email enquiries are being answered but as is typical the back and forth takes so long that in the interim the cars are being sold and could have been sold 2-3 times over.We don't have a business manager so we have all the finance bits to do for new and existing orders as well.
I text my manager earlier to ask (I'm day off today) him to cancel an appt for me tomorrow as nothing will be happening until December anyway and it was woolly with them looking at everything electric, strictly I shouldn't have made it as we are concentrating on the now, especially with having to re clean everything and keeping customers to a minimum in the showroom, it was made on 1st June when I was back in and I thought "oh well, nothing to lose and its next week, it will be quiet then", how wrong was I.
Edited by HTP99 on Tuesday 9th June 20:46
Gassing Station | General Gassing | Top of Page | What's New | My Stuff