Will Coronavirus hit used car prices?

[anonymous-user]

Deep Thought said:

If people continue to WFH then absolutely, but there now seems to be a "get back to the office" message being propagated from the gov - which is quite disappointing but presumably to support all those local supporting businesses in town centres- coffee shops,etc.

Plus businesses may still expect people to be in the office "some" days a week, thus maybe still meaning a reasonable commuting requirement.

I wonder how many of those people currently fully WFH will still be doing that this time next year?

It's clearly an economic based call to get people back into an office rather than WFH.

It doesn't matter what the government say on this, the world has changed, WFH will be far more prevalent and will become the new normal even when CV19 is over for lots of people previously office based.

Thats going to have a big impact on commercial property and the service economy.

[Deep Thought]

jsf said:

It's clearly an economic based call to get people back into an office rather than WFH.

Absolutely. Though the percentage of managers / employers who really would rather people were in an office could use this as a reason.

jsf said:

It doesn't matter what the government say on this, the world has changed, WFH will be far more prevalent and will become the new normal even when CV19 is over for lots of people previously office based.

Thats going to have a big impact on commercial property and the service economy.

I do hope so - and i did believe so. However the governments most recent message concerns me a little.

I do hope we move, as a country, away from this mass drudge of a commute daily to the office and back.

I'd like to see permanent WFH as "the normal", with going in to the office as the exception rather than the rule.

[Deep Thought]

Throttlebody said:

Talking about sitting at home and with the joys of post CV19 developing e-commerce, here’s something for the BMW fanboys -

BMW UK has launched its digital car locator that gives customers real-time access to new stock across its entire dealer network.

It comes as the group says online car reservations soared by 130 per cent in May on April’s figure, with the trend continuing into June. Hello DT.

BMW Group UK, said: ‘In what is clearly going to be a challenging year for automotive retail, it is more important than ever that we provide customers with the right tools to research their next vehicle from home’

Get full access to uber machines while sitting on your bog in your M+S slippers.

Given you allegedly drove a 2019 330i up until two weeks ago, your sneering comments about them surprises me.....

[Algarve]

Its laughable seeing Boris now pleading with us to go back to work in offices to save the other city centre businesses.

I was close to choosing whether to rehome or eat my dogs/kid as far as cashflow went I'm not going to go piss money away in Nandos, Starbucks and the petrol station / parking / tolls if I don't have to.

I've had a huge cashflow scare and will be looking after it far more carefully ongoing. I suspect I'm not the only one in that boat.

[Deep Thought]

Algarve said:

Its laughable seeing Boris now pleading with us to go back to work in offices to save the other city centre businesses.

I was close to choosing whether to rehome or eat my dogs/kid as far as cashflow went I'm not going to go piss money away in Nandos, Starbucks and the petrol station / parking / tolls if I don't have to.

I've had a huge cashflow scare and will be looking after it far more carefully ongoing. I suspect I'm not the only one in that boat.

Agreed.

My concern is that companies use this as a "reason" to get people back in to offices.

[Louis Balfour]

Algarve said:

Its laughable seeing Boris now pleading with us to go back to work in offices to save the other city centre businesses.

I was close to choosing whether to rehome or eat my dogs/kid as far as cashflow went I'm not going to go piss money away in Nandos, Starbucks and the petrol station / parking / tolls if I don't have to.

I've had a huge cashflow scare and will be looking after it far more carefully ongoing. I suspect I'm not the only one in that boat.

Quite. Government has scared the life out of the population, been inconsistent in who they’ve supported financially, issued increasingly arcane instructions regarding what is and is not to be done. Now they want everyone to go back to what they were doing and start spending. Whilst wearing a mask probably.

I think there a lot of people will not spring into action as required.

[Deep Thought]

Louis Balfour said:

Quite. Government has scared the life out of the population, been inconsistent in who they’ve supported financially, issued increasingly arcane instructions regarding what is and is not to be done. Now they want everyone to go back to what they were doing and start spending. Whilst wearing a mask probably.

I think there a lot of people will not spring into action as required.

Apparently we've to "trust common sense" with regards to face masks.

https://www.bbc.co.uk/news/uk-53381000

That'll turn out well.

[JonChalk]

Deep Thought said:

Algarve said:

Its laughable seeing Boris now pleading with us to go back to work in offices to save the other city centre businesses.

I was close to choosing whether to rehome or eat my dogs/kid as far as cashflow went I'm not going to go piss money away in Nandos, Starbucks and the petrol station / parking / tolls if I don't have to.

I've had a huge cashflow scare and will be looking after it far more carefully ongoing. I suspect I'm not the only one in that boat.

Agreed.

My concern is that companies use this as a "reason" to get people back in to offices.

It's been focussing, and several small-ish changes have been made to widen the knife-edge to something we can afford to jog along without worrying about the edges.

[Throttlebody]

Deep Thought said:

Throttlebody said:

Talking about sitting at home and with the joys of post CV19 developing e-commerce, here’s something for the BMW fanboys -

BMW UK has launched its digital car locator that gives customers real-time access to new stock across its entire dealer network.

It comes as the group says online car reservations soared by 130 per cent in May on April’s figure, with the trend continuing into June. Hello DT.

BMW Group UK, said: ‘In what is clearly going to be a challenging year for automotive retail, it is more important than ever that we provide customers with the right tools to research their next vehicle from home’

Get full access to uber machines while sitting on your bog in your M+S slippers.

Given you allegedly drove a 2019 330i up until two weeks ago, your sneering comments about them surprises me.....

Had it for a year, very efficient and capable but no real soul or connection for me. Moved on.

[Venisonpie]

I think things may become more type specific, quite a bit of stuff making good money but some outliers being ignored where bargains might be had.

The first Alpine below 40k has popped up on Autotrader and R231 SL Mercs look great value, 25k or less for a V8 500.

[Deep Thought]

Throttlebody said:

Deep Thought said:

Throttlebody said:

Talking about sitting at home and with the joys of post CV19 developing e-commerce, here’s something for the BMW fanboys -

BMW UK has launched its digital car locator that gives customers real-time access to new stock across its entire dealer network.

It comes as the group says online car reservations soared by 130 per cent in May on April’s figure, with the trend continuing into June. Hello DT.

BMW Group UK, said: ‘In what is clearly going to be a challenging year for automotive retail, it is more important than ever that we provide customers with the right tools to research their next vehicle from home’

Get full access to uber machines while sitting on your bog in your M+S slippers.

Given you allegedly drove a 2019 330i up until two weeks ago, your sneering comments about them surprises me.....

Had it for a year, very efficient and capable but no real soul or connection for me. Moved on.

Yes, yes of course you did.

However you're chosing to answer a question i didnt ask.

I asked why the clear sneering attitude, highlighted above, about BMW owners, given you yourself allegedly owned one?

Edited by Deep Thought on Sunday 12th July 19:24

[eliot]

Throttlebody said:

Deep Thought said:

Given you allegedly drove a 2019 330i up until two weeks ago, your sneering comments about them surprises me.....

Had it for a year, very efficient and capable but no real soul or connection for me. Moved on.

And so it endlessly continues.

[Throttlebody]

The SMMT has been vocal about the zero support from Sunak for the motor industry. Difficult times ahead with some in the industry suggesting 500 franchised dealers will close.

There will also be some telling trend setting Govt data due this week on inflation and unemployment.

[loskie]

So furlough, business grants and loans form part of ZERO support!

[Camelot1971]

Deep Thought said:

Throttlebody said:

Deep Thought said:

Throttlebody said:

Talking about sitting at home and with the joys of post CV19 developing e-commerce, here’s something for the BMW fanboys -

BMW UK has launched its digital car locator that gives customers real-time access to new stock across its entire dealer network.

It comes as the group says online car reservations soared by 130 per cent in May on April’s figure, with the trend continuing into June. Hello DT.

BMW Group UK, said: ‘In what is clearly going to be a challenging year for automotive retail, it is more important than ever that we provide customers with the right tools to research their next vehicle from home’

Get full access to uber machines while sitting on your bog in your M+S slippers.

Given you allegedly drove a 2019 330i up until two weeks ago, your sneering comments about them surprises me.....

Had it for a year, very efficient and capable but no real soul or connection for me. Moved on.

Yes, yes of course you did.

However you're chosing to answer a question i didnt ask.

I asked why the clear sneering attitude, highlighted above, about BMW owners, given you yourself allegedly owned one?

Edited by Deep Thought on Sunday 12th July 19:24

Another simple question clearly ignored by our resident forum fantasist.

[Auto810graphy]

Camelot1971 said:

Another simple question clearly ignored by our resident forum fantasist.

Throbberbody is clearly not right with all his daily doom updates and predictions so probably best everyone ignore him and leave him to his own little world.

[Deep Thought]

Auto810graphy said:

Camelot1971 said:

Another simple question clearly ignored by our resident forum fantasist.

Throbberbody is clearly not right {in the head} with all his daily doom updates and predictions so probably best everyone ignore him and leave him to his own little world.

EFA,

Agreed. I, for one, will try harder not to respond to his trolling.

Edited by Deep Thought on Monday 13th July 08:17

[Deep Thought]

What are people seeing out there in terms of demand and price moment? Think of people out there actively looking for a car right now and those in the trade?

• Is there still high demand?
• Is the supply of used cars improving? Trade ins, auctions opening up, etc
• Are prices still as firm as they were or is there now some leeway in prices?
• Any signs of that changing?

[Throttlebody]

Deep Thought said:

Throttlebody said:

Deep Thought said:

Throttlebody said:

Talking about sitting at home and with the joys of post CV19 developing e-commerce, here’s something for the BMW fanboys -

BMW UK has launched its digital car locator that gives customers real-time access to new stock across its entire dealer network.

It comes as the group says online car reservations soared by 130 per cent in May on April’s figure, with the trend continuing into June. Hello DT.

BMW Group UK, said: ‘In what is clearly going to be a challenging year for automotive retail, it is more important than ever that we provide customers with the right tools to research their next vehicle from home’

Get full access to uber machines while sitting on your bog in your M+S slippers.

Given you allegedly drove a 2019 330i up until two weeks ago, your sneering comments about them surprises me.....

Had it for a year, very efficient and capable but no real soul or connection for me. Moved on.

Yes, yes of course you did.

However you're chosing to answer a question i didnt ask.

I asked why the clear sneering attitude, highlighted above, about BMW owners, given you yourself allegedly owned one?

Edited by Deep Thought on Sunday 12th July 19:24

You didn’t ask a question, you just knocked out a statement.

I responded with my own statement ref why I’m not a fanboy of the new BMW stuff.

HTH the car dealer herd.

[Throttlebody]

loskie said:

So furlough, business grants and loans form part of ZERO support!

Of course, they always want more support though. Unfortunately, the printing press has eased off and other industries all want a slice of any handouts. I’m sure the UK car industry would have liked a targeted VAT cut.