Will Coronavirus hit used car prices? (Vol 2)
Discussion
South tdf said:
I know everyone hates Porsches on here but our new Macan GTS is finally on its way and will be ready n a couple of weeks time. Dilemma is keep the year old one we have and sell the new one on (I have been told £20k upsell is easily achievable) or sell the current one for what we paid and keep the new one.
Still waiting for our Defender that was ordered before the Macan so JLR still have supply problems
My GTS was delivered a month ago, when I went to collect it from the dealer I ordered my next one which should arrive in 12 months or so. My thinking was that I'll be in the same boat as you are now - trade this one in for what I paid for it and get a shiny new one, as demand for them is unlikely to drop to the point where it's outstripped by supply at any point of this production run until they go EV.Still waiting for our Defender that was ordered before the Macan so JLR still have supply problems
I have no interest in EV, so one of these Macan's I'll keep ordering will end up being my last!
Milemuncher said:
Due to the predicted decline in daffodil availability and the continued massive demand and increased lead times for tulips exacerbated by the Ukrainian compost crisis, the values of tulip bulbs have increased month on month for the last 2 years and will continue to increase forever, no matter what is going on elsewhere in the economy. You read it here first.e-honda said:
It really doesn't
There are plenty of other dealers to choose from and the period where they can afford to pick who they'll sell cars to won't last much longer anyway.
In a country with 2.5 million millionaires and £1.8 trillion in savings/current accounts, why do you think Porsche will have trouble selling 20-25k cars a year? You seem to think because millions of people are/will feel the cost of living rises that the other cohort of millions of people will also feel the squeeze, they won't and finding the sales from them won't be hard. There are plenty of other dealers to choose from and the period where they can afford to pick who they'll sell cars to won't last much longer anyway.
ghost83 said:
What is current lead times on macans?
Current car was about 9 months, The one we are picking up next month was ordered September 2020, the spec was changed as the model has been updated but kept our place on the list.Keeping the new one now and ordered another to replace it.
Milemuncher said:
Anyone paying £20k overs for a Macan perhaps ought to consider professional help.
Although clearly not as much professional help as someone buying a comparable but initially cheaper but rapidly depreciating 'comparable' but inferior vehicle which will inevitably cost them a fortune in depreciation.Remember cheaper often means more expensive in the end.
Buy cheap pay twice is often the case.
av185 said:
Milemuncher said:
Anyone paying £20k overs for a Macan perhaps ought to consider professional help.
Although clearly not as much professional help as someone buying a comparable but initially cheaper but rapidly depreciating 'comparable' but inferior vehicle which will inevitably cost them a fortune in depreciation.Remember cheaper often means more expensive in the end.
Buy cheap pay twice is often the case.
t and that quote is in regards to clothes predominantly not new vehicles with warranties. indestructible focus said:
av185 said:
Milemuncher said:
Anyone paying £20k overs for a Macan perhaps ought to consider professional help.
Although clearly not as much professional help as someone buying a comparable but initially cheaper but rapidly depreciating 'comparable' but inferior vehicle which will inevitably cost them a fortune in depreciation.Remember cheaper often means more expensive in the end.
Buy cheap pay twice is often the case.
t and that quote is in regards to clothes predominantly not new vehicles with warranties. 
You cannot argue that the price of brand new cars is going up rapidly now, and that there are long waiting lists. The knock on effect of this is that second hand prices of nearly new cars are the same if not more than list and are often more expensive due to the finance rate being better on new cars.
How long this is going to carry on for I don't know, but it is not suddenly going to stop overnight.
Go and look at the new prices of some pretty mundane white goods cars, I think you will be shocked.
How long this is going to carry on for I don't know, but it is not suddenly going to stop overnight.
Go and look at the new prices of some pretty mundane white goods cars, I think you will be shocked.
Joey Deacon said:
You cannot argue that the price of brand new cars is going up rapidly now, and that there are long waiting lists. The knock on effect of this is that second hand prices of nearly new cars are the same if not more than list and are often more expensive due to the finance rate being better on new cars.
How long this is going to carry on for I don't know, but it is not suddenly going to stop overnight.
Go and look at the new prices of some pretty mundane white goods cars, I think you will be shocked.
That's true. Not only that but discounts are still very limited compared to what they were. How long this is going to carry on for I don't know, but it is not suddenly going to stop overnight.
Go and look at the new prices of some pretty mundane white goods cars, I think you will be shocked.
Our humble Kia's price list has gone up £2k since we bought it but the lower max discount means that they're effectively £3.5k more expensive than 1 year ago.
Easy to see the effect of this on 1-3 year old cars, and that's from a manufacturer that has had less supply issues than most.
I don't how this will last though but any return to previous transaction prices will be gradual.
It will only stop as people feed more money into basic living costs, this will vary depending on peoples individual financial situation, so no doubt the changes (drops or increases) will be different over the various vehicle market sectors plus if they are new / nearly new / used.
We (fleet customer) have had some vehicles on order for 18 months plus, still with no sign of them arriving, we are having to switch brands to try to replace what we have for our users, there's no signs of that getting better at the moment.
Personally, with prices the way they are, despite having the money to change I'm sticking with what I have, if prices stay high / go higher and that becomes the 'new normal' I'll only look at changing when what I have starts to cost £££ in repairs.
We (fleet customer) have had some vehicles on order for 18 months plus, still with no sign of them arriving, we are having to switch brands to try to replace what we have for our users, there's no signs of that getting better at the moment.
Personally, with prices the way they are, despite having the money to change I'm sticking with what I have, if prices stay high / go higher and that becomes the 'new normal' I'll only look at changing when what I have starts to cost £££ in repairs.
Joey Deacon said:
You cannot argue that the price of brand new cars is going up rapidly now, and that there are long waiting lists. The knock on effect of this is that second hand prices of nearly new cars are the same if not more than list and are often more expensive due to the finance rate being better on new cars.
How long this is going to carry on for I don't know, but it is not suddenly going to stop overnight.
Go and look at the new prices of some pretty mundane white goods cars, I think you will be shocked.
I'm not sure why anyone willingly uses dealers for finance. Personal loan rates from banks are typically much cheaper so if someone is set on financing a car (rather than buy a cheaper one outright/saving up) then use a personal loan to fund it.How long this is going to carry on for I don't know, but it is not suddenly going to stop overnight.
Go and look at the new prices of some pretty mundane white goods cars, I think you will be shocked.
Jules Sunley said:
I'm not sure why anyone willingly uses dealers for finance. Personal loan rates from banks are typically much cheaper so if someone is set on financing a car (rather than buy a cheaper one outright/saving up) then use a personal loan to fund it.
I would assume many people do the PCP or whatever it is where you just pay the depreciation - rather than a loan where you buy the car outright, and it would cost more per month etc.Gassing Station | General Gassing | Top of Page | What's New | My Stuff