Will Coronavirus hit used car prices?

[jammy-git]

It's insightful to know by how much sales dropped. I don't get why it's any more or less interesting than other months when sales go up or down by a percentage point or less.

It's the job of these companies to report the figures regardless of what they might be. It's not like they can just say "well there was a pandemic so we're not going to report any figures for March to May".

[SSO]

Earthdweller said:

Shadow R1 said:

Great article.

+1

Very informative,

I had no idea there was so much value tied into a few Senior collectors

Its quite the eye opening stat. What happens as these collections get liquidated will be fascinating to watch.

[Anonymous-poster]

SSO said:

Its quite the eye opening stat. What happens as these collections get liquidated will be fascinating to watch.

Can you link the article please!

[Auto810graphy]

jammy-git said:

It's insightful to know by how much sales dropped. I don't get why it's any more or less interesting than other months when sales go up or down by a percentage point or less.

It's the job of these companies to report the figures regardless of what they might be. It's not like they can just say "well there was a pandemic so we're not going to report any figures for March to May".

It would be useful if people linked to real articles. What Thobberbodies graph shows in my opinion is totally inaccurate. Maybe we can have the source and context?

From my experience approvals were still pretty strong going pre lockdown and obviously dropped off April and May but nearly everyone I know is now flat out.

[Auto810graphy]

Zoobeef said:

Shame it wasn't permanent.

Why?

I can understand some people don’t like car salesman as they ran off with their wife etc but seems a very general statement.

[Deep Thought]

Anonymous-poster said:

SSO said:

Its quite the eye opening stat. What happens as these collections get liquidated will be fascinating to watch.

Can you link the article please!

Its on here, from his profile...

https://karenable.com/

[Deep Thought]

Auto810graphy said:

jammy-git said:

It's insightful to know by how much sales dropped. I don't get why it's any more or less interesting than other months when sales go up or down by a percentage point or less.

It's the job of these companies to report the figures regardless of what they might be. It's not like they can just say "well there was a pandemic so we're not going to report any figures for March to May".

It would be useful if people linked to real articles. What Thobberbodies graph shows in my opinion is totally inaccurate. Maybe we can have the source and context?

From my experience approvals were still pretty strong going pre lockdown and obviously dropped off April and May but nearly everyone I know is now flat out.

Agreed. It seems that some people are that keen to sneer that they didnt actually notice that the graph doesnt include June - ie, the first month dealers reopened. I dont expect that to be back to 100% (given all dealers didnt open at the same time and cars both new and used are in short supply) but it should and will show a significant increase.

[Deep Thought]

jammy-git said:

It's insightful to know by how much sales dropped. I don't get why it's any more or less interesting than other months when sales go up or down by a percentage point or less.

It's the job of these companies to report the figures regardless of what they might be. It's not like they can just say "well there was a pandemic so we're not going to report any figures for March to May".

It is indeed. Its when people misuse or misinterpret the stats that the problem comes.

25% sales in May, given all dealer forecourts were closed is pretty impressive i'd have thought.

[Throttlebody]

Auto810graphy said:

jammy-git said:

It's insightful to know by how much sales dropped. I don't get why it's any more or less interesting than other months when sales go up or down by a percentage point or less.

It's the job of these companies to report the figures regardless of what they might be. It's not like they can just say "well there was a pandemic so we're not going to report any figures for March to May".

It would be useful if people linked to real articles. What Thobberbodies graph shows in my opinion is totally inaccurate. Maybe we can have the source and context?

From my experience approvals were still pretty strong going pre lockdown and obviously dropped off April and May but nearly everyone I know is now flat out.

The source is indicated at the bottom of the graph. FLA official figures. Doesn't get much better dude.

[Mexman]

I see online sales saved the day then....NOT

[Anonymous-poster]

Deep Thought said:

Its on here, from his profile...

https://karenable.com/

Cheers.

[Auto810graphy]

Throttlebody said:

The source is indicated at the bottom of the graph. FLA official figures. Doesn't get much better dude.

Problem is the data. There are various types of finance and with the switch to contract hire the amount “owed” will be lower.

The graph also interprets to me that used cars were up 2020 and only dropped due to lock down as they are basing data on a whole month.

So in short your graph is totally useless.

[MellowshipSlinky]

Talking to my neighbour yesterday - he runs a multi marque second hand garage in Notts with cars and commercials ranging from £4K - 20k.
During lockdown he sold more than anticipated via web sales.
In June, he’s sold 100 cars exactly across the whole price range, and now running low of decent stock.

[Throttlebody]

Auto810graphy said:

Throttlebody said:

The source is indicated at the bottom of the graph. FLA official figures. Doesn't get much better dude.

Problem is the data. There are various types of finance and with the switch to contract hire the amount “owed” will be lower.

The graph also interprets to me that used cars were up 2020 and only dropped due to lock down as they are basing data on a whole month.

So in short your graph is totally useless.

Not my graph. Tell the FCA if it doesn’t meet your personal requirements.

[Auto810graphy]

Just pointing out you have posted another pointless graph. Maybe next time a link to source and context otherwise you are peddling the cliche “fake news”

[Throttlebody]

Auto810graphy said:

Just pointing out you have posted another pointless graph. Maybe next time a link to source and context otherwise you are peddling the cliche “fake news”

The source was at the bottom of the graph. FLA actual data, not fake news. Maybe just not data you like too see.

[Anonymous-poster]

It will be more interesting to see the graph in another 4 months time to add balance.

[Throttlebody]

Anonymous-poster said:

It will be more interesting to see the graph in another 4 months time to add balance.

True. Like I said earlier, it will be a good baseline.

[Deep Thought]

Throttlebody said:

Auto810graphy said:

Throttlebody said:

The source is indicated at the bottom of the graph. FLA official figures. Doesn't get much better dude.

Problem is the data. There are various types of finance and with the switch to contract hire the amount “owed” will be lower.

The graph also interprets to me that used cars were up 2020 and only dropped due to lock down as they are basing data on a whole month.

So in short your graph is totally useless.

Not my graph. Tell the FCA if it doesn’t meet your personal requirements.

Its not the graph thats the issue, its your quoting it out of context and drawing conclusions to suit your narrative.

There are entire companies whose role it is to analyse all the underlying data from multiple trusted sources and sift through it and identify trends.

You find a summary graph that fits your narrative and then draw sneering conclusions.

Edited by Deep Thought on Saturday 4th July 15:43

[Deep Thought]

Anonymous-poster said:

It will be more interesting to see the graph in another 4 months time to add balance.

It will yes. Interesting times ahead.