Will Coronavirus hit used car prices? (Vol 2)

[e-honda]

Someone else mentioned they had an autotrader account where I think they were paying £300 a month for 30 cars so £10 a month but there are probably a lot of differently priced packages

[buyer&seller]

e-honda said:

Someone else mentioned they had an autotrader account where I think they were paying £300 a month for 30 cars so £10 a month but there are probably a lot of differently priced packages

I closed my trade Autotrader account just about two years ago, 12 cars cost about a £1000 a month, You maybe getting mixed up with eBay of Car Gurus or some such, but £300 for 30 cars per month with Autotrader is fantasy.

[e-honda]

[quote=buyer&seller]

I closed my trade Autotrader account just about two years ago, 12 cars cost about a £1000 a month, You maybe getting mixed up with eBay of Car Gurus or some such, but £300 for 30 cars per month with Autotrader is fantasy.

[/quote]
Might have been £3k so £100 a month per car, its a pretty vague memory

[AlexNJ89]

Joe Biden looking to pass a $3.5tn economic package.

If the US govt print more money then the top end of the market will hold strong or even go up again.

[ghost83]

AlexNJ89 said:

Joe Biden looking to pass a $3.5tn economic package.

If the US govt print more money then the top end of the market will hold strong or even go up again.

Surely continuing to print money is throwing more petrol on the fire! It will just devalue itself,

As much as I hate rishi sunak he’s right that taxes/rates etc have to go up to stop people spending to bring inflation down! All these strikes for more money are just going to drive inflation! These people need to change their living standards for a couple of years and then they will benefit from it


I’m seeing plenty of cars that were for sale 3-4 months ago still on the market

[AlexNJ89]

ghost83 said:

Surely continuing to print money is throwing more petrol on the fire! It will just devalue itself,

It absolutely is but the US government appear to have lost their mind.

Here's a link to the current US Money Supply:
https://fred.stlouisfed.org/series/M1SL

It's gone up 5x since 2020.

[buyer&seller]

e-honda said:

Might have been £3k so £100 a month per car, its a pretty vague memory

That's more like it, our Autotrader bill was way more than we paid on the unit we rented.

Any trader/dealer who can work without them is far better off.

[the-photographer]

I thought it had stopped

https://www.usbank.com/investing/financial-perspec...

[AlexNJ89]

the-photographer said:

I thought it had stopped

https://www.usbank.com/investing/financial-perspec...

It did, but the $3.5tn bill will start it again

[Fusion777]

How does US money supply relate to UK used car prices?

Their interest rates are rising faster than ours, by the way.

[e-honda]

It's a $3.5tn spending plan and its over 10 years, the money supply side is much more complicated it isn't a simple case of printing more money.

[AlexNJ89]

Fusion777 said:

How does US money supply relate to UK used car prices?

Their interest rates are rising faster than ours, by the way.

Because we export a lot of goods and services to USA, so they will have more to spend and therefore more money in our economy too.

[griffter]

ghost83 said:

Surely continuing to print money is throwing more petrol on the fire! It will just devalue itself,

As much as I hate rishi sunak he’s right that taxes/rates etc have to go up to stop people spending to bring inflation down! All these strikes for more money are just going to drive inflation! These people need to change their living standards for a couple of years and then they will benefit from it


I’m seeing plenty of cars that were for sale 3-4 months ago still on the market

Some of “these people” have been on zero / below inflation pay rises for ten years now, in the name of austerity. There are only so many times you can turn down the thermostat by a degree.

[cedrichn]

griffter said:

ghost83 said:

Surely continuing to print money is throwing more petrol on the fire! It will just devalue itself,

As much as I hate rishi sunak he’s right that taxes/rates etc have to go up to stop people spending to bring inflation down! All these strikes for more money are just going to drive inflation! These people need to change their living standards for a couple of years and then they will benefit from it


I’m seeing plenty of cars that were for sale 3-4 months ago still on the market

Some of “these people” have been on zero / below inflation pay rises for ten years now, in the name of austerity. There are only so many times you can turn down the thermostat by a degree.

Same as paper toilet and pasta during Covid: we all know we should not buy more than we need, so everyone can continue to have a normal life. But, some people are idiots and/or selfish, and help themselves too much. So either you follow the idiots, knowing it is not good, either you will be left on the side with no paper toilet / pasta / pay rise when everyone else have

[mrdanbartlett]

Got an email today from WBAC - "Our records show demand for your AUDI is likely to be higher in July than August. This means we can offer more for your car this month"

[Vroomer]

Standard clickbait

[griffter]

My Cazoo valuation’s just gone back up by over £1000 (£15k estate). WBAC still where it has been for weeks.

[SteBrown91]

griffter said:

My Cazoo valuation’s just gone back up by over £1000 (£15k estate). WBAC still where it has been for weeks.

My Golf has dropped form £12,775 to £10,600 in a month on Cazoo.

[Black AMG45s]

I just sold my A45s plus with WBAC on friday and they gave me more than quoted but over the last 6 months it kept on going up
so I played a waiting game that worked out

[Demhcs]

Black AMG45s said:

I just sold my A45s plus with WBAC on friday and they gave me more than quoted but over the last 6 months it kept on going up
so I played a waiting game that worked out

Need a new username then?