Will Coronavirus hit used car prices? (Vol 2)
Discussion
Tomanybikes said:
The shrewd ones will probably not be doing what you suggested but adding another £20/30k onto retail takes extreme man maths imo.
Merely repeating what i was told - that there are people willing to splash well in to 6 figure sums on high depreciating BMWs and they often did that through company funding, whether by bank transfer of actual funds from their company or by monthly payment.As was discussed earlier, there are people rich enough - or own companies rich enough - to not particularly care about depreciation.
Tagteam said:
If it is a 100k car and not electric the BIK would be huge
Or if it's not one of the new hybrids. The new Range Rover hybrid makes sense to have as a company car . Anything else doesn't from a purely tax perspective, but you have to consider cashflow as well.You also have to remember that a 'company' isn't always limited. It could be a sole trader, partnership or LLP. For the owner/partners of these, there aren't benefits in kind. There are still tax considerations of course. A lot of professional service companies such as accountants, solicitors etc are LLPs.
Deep Thought said:
Tomanybikes said:
The shrewd ones will probably not be doing what you suggested but adding another £20/30k onto retail takes extreme man maths imo.
Merely repeating what i was told - that there are people willing to splash well in to 6 figure sums on high depreciating BMWs and they often did that through company funding, whether by bank transfer of actual funds from their company or by monthly payment.As was discussed earlier, there are people rich enough - or own companies rich enough - to not particularly care about depreciation.
Tomanybikes said:
Deep Thought said:
Tomanybikes said:
The shrewd ones will probably not be doing what you suggested but adding another £20/30k onto retail takes extreme man maths imo.
Merely repeating what i was told - that there are people willing to splash well in to 6 figure sums on high depreciating BMWs and they often did that through company funding, whether by bank transfer of actual funds from their company or by monthly payment.As was discussed earlier, there are people rich enough - or own companies rich enough - to not particularly care about depreciation.
Niponeoff said:
Tomanybikes said:
Deep Thought said:
Tomanybikes said:
The shrewd ones will probably not be doing what you suggested but adding another £20/30k onto retail takes extreme man maths imo.
Merely repeating what i was told - that there are people willing to splash well in to 6 figure sums on high depreciating BMWs and they often did that through company funding, whether by bank transfer of actual funds from their company or by monthly payment.As was discussed earlier, there are people rich enough - or own companies rich enough - to not particularly care about depreciation.
It would hurt the likes of me, but I suspect it wouldn't really bother your £100k plus buyers
Niponeoff said:
Tomanybikes said:
Deep Thought said:
Tomanybikes said:
The shrewd ones will probably not be doing what you suggested but adding another £20/30k onto retail takes extreme man maths imo.
Merely repeating what i was told - that there are people willing to splash well in to 6 figure sums on high depreciating BMWs and they often did that through company funding, whether by bank transfer of actual funds from their company or by monthly payment.As was discussed earlier, there are people rich enough - or own companies rich enough - to not particularly care about depreciation.
Niponeoff said:
I think there are just more people earning decent money these days that are neither shrewd or smart with finance.
This was my point, maybe on this thread or the other one, about how people have had it good this last 10 years and are going to complain and protest against the rising energy prices, when in reality energy prices are merely going up to where they should've been.People have had too much money and energy companies are now realising this and exploiting it.
AlexNJ89 said:
Niponeoff said:
I think there are just more people earning decent money these days that are neither shrewd or smart with finance.
This was my point, maybe on this thread or the other one, about how people have had it good this last 10 years and are going to complain and protest against the rising energy prices, when in reality energy prices are merely going up to where they should've been.People have had too much money and energy companies are now realising this and exploiting it.
I was just about paying attention in the 70s so it will be more of a refresher for me.
AlexNJ89 said:
This was my point, maybe on this thread or the other one, about how people have had it good this last 10 years and are going to complain and protest against the rising energy prices, when in reality energy prices are merely going up to where they should've been.
People have had too much money and energy companies are now realising this and exploiting it.
Energy companies are losing money at the retail level due to the energy cap.People have had too much money and energy companies are now realising this and exploiting it.
Energy producers are getting the prices they are on the world markets because there are more buyers than supply compared to the previous period. The market price isn't as high as pre the GFC in 2008.
It has zero to do with your statement, which is bonkers.
From the BBC today:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Inflation drives fastest fall in real pay on record
Pay has fallen further behind the rising cost of living, according the latest official data.
While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.
As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.
Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How much longer can the car market continue to defy economic gravity?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Inflation drives fastest fall in real pay on record
Pay has fallen further behind the rising cost of living, according the latest official data.
While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.
As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.
Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How much longer can the car market continue to defy economic gravity?
Vroomer said:
From the BBC today:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Inflation drives fastest fall in real pay on record
Pay has fallen further behind the rising cost of living, according the latest official data.
While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.
As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.
Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How much longer can the car market continue to defy economic gravity?
And what does no longer defying it look like?>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Inflation drives fastest fall in real pay on record
Pay has fallen further behind the rising cost of living, according the latest official data.
While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.
As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.
Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How much longer can the car market continue to defy economic gravity?
=> Typical depreciation from its current point?
or
=> A sudden crash in values?
I think the former.
Deep Thought said:
Vroomer said:
From the BBC today:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Inflation drives fastest fall in real pay on record
Pay has fallen further behind the rising cost of living, according the latest official data.
While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.
As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.
Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How much longer can the car market continue to defy economic gravity?
And what does no longer defying it look like?>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Inflation drives fastest fall in real pay on record
Pay has fallen further behind the rising cost of living, according the latest official data.
While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.
As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.
Household budgets are being hit by soaring energy bills as well as higher food and fuel costs.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
How much longer can the car market continue to defy economic gravity?
=> Typical depreciation from its current point?
or
=> A sudden crash in values?
I think the former.
We get it, you think things will depreciate from this point forward as per normal. You may be right, but there really is no need to keep repeating yourself, if won't end the conversation.
Much is related to when they supply side of new cars can sort themselves out. Prices for many vehicles will remain high when supply is short.
I ordered a Tiguan and it's going to take 12 months (for a diesel). Colleagues have ordered BMWs and they are taking between 12 & 15 months, depending on model and spec.
People will always need cars, demand won't drop off a cliff. I expect that dealers are being stubborn at the moment as they paid over-the-odds for their current forecourt stock and don't want to take a loss and I understand that.
I ordered a Tiguan and it's going to take 12 months (for a diesel). Colleagues have ordered BMWs and they are taking between 12 & 15 months, depending on model and spec.
People will always need cars, demand won't drop off a cliff. I expect that dealers are being stubborn at the moment as they paid over-the-odds for their current forecourt stock and don't want to take a loss and I understand that.
While dealers may have overprices stock and not want to sell at a loss, there will come a point when they need to release cash to pay the bills. Rent, salaries etc.
They can't hold on forever, as it costs money and the assets are aging.
I would expect that the dealers are being very careful on they buying policy....price and product mix.
They can't hold on forever, as it costs money and the assets are aging.
I would expect that the dealers are being very careful on they buying policy....price and product mix.
ghost83 said:
I honestly think dealers will do their best to hold off but ultimately the winter will take its toll and by March we should see prices dropping especially if supply starts to get it’s actually together,
Did you think that last year too?I think the majority view was last winter would see a reset as production ramped up but then the China covid zero policy kicked in and then we got Putin going rogue, which set everything back another year.
Truth is no one knows what's coming next, if Taiwan is the next kick in the nuts it could cause a global crash or a global asset bubble.
I had a meeting with the manufacturer today. We've been told to expect a similar amount of vans next year as we had this year. That would be around 65% of what we actually want to a) clear the backlog of orders and b) have a full year of sales as I've had to hold off taking forward orders for a couple of months now.
Its a fairly similar outlook with cars. Whilst demand is going to drop, I don't think it will be enough for used prices to crash.
Its a fairly similar outlook with cars. Whilst demand is going to drop, I don't think it will be enough for used prices to crash.
Fast Bug said:
I had a meeting with the manufacturer today. We've been told to expect a similar amount of vans next year as we had this year. That would be around 65% of what we actually want to a) clear the backlog of orders and b) have a full year of sales as I've had to hold off taking forward orders for a couple of months now.
Its a fairly similar outlook with cars. Whilst demand is going to drop, I don't think it will be enough for used prices to crash.
Only 65% ? Then we’re fIts a fairly similar outlook with cars. Whilst demand is going to drop, I don't think it will be enough for used prices to crash.
ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…Gassing Station | General Gassing | Top of Page | What's New | My Stuff