Will Coronavirus hit used car prices?
Discussion
GT3Manthey said:
I think if you are tempted to dip your toe in stuff the "will it or wont it holds its money" as those days are pretty much gone just buy what you want and get ready to drive it.
Hell, we could all be wiped out soon !
I think theres a very real chance that a purchase now - that chances are you wont be able to drive anyway due to the lockdown - will be worth 30% less in 6 months time.Hell, we could all be wiped out soon !
If somone needs to buy a car now, then bite the bullet, but i cant see any compelling reason to otherwise do so.
av185 said:
av185 said:
Touring442 said:
Fezzaman said:
it will be interesting to see how Sytner go about their 'buy cars online' model.
They've dumped 2000 cars at auction, no reserve. Their overheads are incredible. 
Custard/link.
I call bulls


GT3Manthey said:
Agreed. The run of the mill cars fine but something like a GT porsche wont fall another 30% IMO
too many people have bought cars for investment, and just like the stock market when it turns bad they will panic and try to get out also many people will need to sell to raise cashflowimagine what state the economy is going to be in if we are still in isolation in 6 months time or if we have to cycle 2 months out 2 months in isolation as they wait for the virus to run its course or a vaccine
So said:
You haven't got the hang of this have you. You should be calling "custard".
Only 3 tins per customer so he won’t be able to.To be fair Vertu / Farnell put about 15 nearly new Range Rover products onto the BCA online platform including a couple of delivery mileage ones but from experience they set the reserve within a few hundred pounds of their retail forecourt price.
Dave Hedgehog said:
too many people have bought cars for investment, and just like the stock market when it turns bad they will panic and try to get out also many people will need to sell to raise cashflow
imagine what state the economy is going to be in if we are still in isolation in 6 months time or if we have to cycle 2 months out 2 months in isolation as they wait for the virus to run its course or a vaccine
Yup i get all of this and run of the mill cars are not exempt. Not sure its the case with small number build GT cars.imagine what state the economy is going to be in if we are still in isolation in 6 months time or if we have to cycle 2 months out 2 months in isolation as they wait for the virus to run its course or a vaccine
Maybe some of the RS models return to list but that i suspect will be the worst of it
GT3Manthey said:
av185 said:
Largely depends on the age of the car.
The newer and more oversupplied less popular the car the bigger the drop ££.
Agreed. The run of the mill cars fine but something like a GT porsche wont fall another 30% IMOThe newer and more oversupplied less popular the car the bigger the drop ££.
Porsche along with other manufacturers have stopped production and the 992 GT3 launch probably now next year, Turbo and Turbo S delayed amongst others. Production of niche Cayster models in doubt.
Shuvi McTupya said:
Trustmeimadoctor said:
the xj im tracking now 948 below average was 962 for last 2 days si average for them is coming down
Eh?That’s what I took from it.
Shuvi McTupya said:
Trustmeimadoctor said:
the xj im tracking now 948 below average was 962 for last 2 days si average for them is coming down
Eh?A week ago the car im looking at was about 1400 below the average 2 days ago i noticed it was now only 962 below the average now its only 942 below the average.
So the average of this xj has dropped (this one hasnt been reduced yet)
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