Will Coronavirus hit used car prices? (Vol 2)
Discussion
jsf said:
john41901 said:
Only 65% ? Then we’re f
ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…
Have you been asleep for 2 years?ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…They cant get the parts they need to build 'em.
john41901 said:
jsf said:
john41901 said:
Only 65% ? Then we’re fked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…
Have you been asleep for 2 years?ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…They cant get the parts they need to build 'em.
bencollins4 said:
john41901 said:
jsf said:
john41901 said:
Only 65% ? Then we’re fked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…
Have you been asleep for 2 years?ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…They cant get the parts they need to build 'em.
Government bails us out.
2022 Now: massive crash predicted
…
The economic situation is a little different this time…
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?
Those are quite odd stats… 4.7% ave salary increase over that period equates to around 19% annually. This would outpace inflation. Presumably misquoting or misinterpreting ONS data by the BBC? >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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?
Given inflation is accepted to be temporary, chasing it with wage rises is risky - unless people accept salary reductions as price of living falls again.
john41901 said:
bencollins4 said:
john41901 said:
jsf said:
john41901 said:
Only 65% ? Then we’re fked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…
Have you been asleep for 2 years?ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…They cant get the parts they need to build 'em.
Government bails us out.
2022 Now: massive crash predicted
…
The economic situation is a little different this time…
bencollins4 said:
john41901 said:
bencollins4 said:
john41901 said:
jsf said:
john41901 said:
Only 65% ? Then we’re fked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…
Have you been asleep for 2 years?ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…They cant get the parts they need to build 'em.
Government bails us out.
2022 Now: massive crash predicted
…
The economic situation is a little different this time…
tter…john41901 said:
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…We've stopped taking orders on one of our models as we've already sold most of 2023's production. I have 1 unsold diesel left (and that hasn't been built yet) of another model for build this year.
With the allocation number that's been talked about, I think we'll have sold all of the 2023 allocation by around May or June next year. And that's without taking orders on one of our model line as it's already sold. They can't make them quick enough for us with the various challenges within the supply chain.
jsf said:
How can you say demand is in the stter when the guy can only get hold of 65% of his desired order book?
What you are saying has zero logic.
That's nuts if true, absolutely nuts.tter when the guy can only get hold of 65% of his desired order book?What you are saying has zero logic.
I believe the average consumer doesn't know the market is inflated, but surely they know we have economic struggle ahead.
john41901 said:
bencollins4 said:
john41901 said:
bencollins4 said:
john41901 said:
jsf said:
john41901 said:
Only 65% ? Then we’re fked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…
Have you been asleep for 2 years?ked. If they could shift ‘em they’d build ‘em. Indicates a major market contraction to me…They cant get the parts they need to build 'em.
Government bails us out.
2022 Now: massive crash predicted
…
The economic situation is a little different this time…
tter…Edited by bencollins4 on Tuesday 16th August 21:06
jsf said:
john41901 said:
Still playing that card eh? Well I hope it works out ‘cos demand’s in the stter…
How can you say demand is in the stter…tter when the guy can only get hold of 65% of his desired order book?What you are saying has zero logic.
As always the spiel on here and denial of reality is truly exceptional but good luck guys, will all look a little different come Jan.
john41901 said:
jsf said:
john41901 said:
Still playing that card eh? Well I hope it works out ‘cos demand’s in the stter…
How can you say demand is in the stter…tter when the guy can only get hold of 65% of his desired order book?What you are saying has zero logic.
As always the spiel on here and denial of reality is truly exceptional but good luck guys, will all look a little different come Jan.
Fast Bug said:
No we're getting 65% of what we actually need. No cost of living hike taken in to account. I'm going in to next year with around 350 vehicles on order, that haven't been built this year (or indeed last year for some of them). If we lose some of those orders, which I'm sure we will as they'll be yet another price increase for the customers; they'll be replaced by the customers that are trying to place orders now that I'm having to hold off.
I think what is actually happening is you are being cut out.Just because they aren't selling you the vans doesn't mean they aren't making them, and certainly doesn't mean they aren't able to make them.
It doesn't make sense that they would be struggling to produce vehicles at the moment, but it absolutely would make sense that they are trying to move towards more direct sales.
Fast Bug said:
john41901 said:
jsf said:
john41901 said:
Still playing that card eh? Well I hope it works out ‘cos demand’s in the stter…
How can you say demand is in the stter…tter when the guy can only get hold of 65% of his desired order book?What you are saying has zero logic.
As always the spiel on here and denial of reality is truly exceptional but good luck guys, will all look a little different come Jan.
I don't know where they sit in a manufacturers priority list, but weren't they one of the first lines to be axed when the shortages kicked in? If so, there's good reason to believe they will be at the back of the queue for chips?
Things are certainly improving, but we are certainly not out the woods yet. I'm just watching with interest, no desire or need to buy anything.
e-honda said:
Fast Bug said:
No we're getting 65% of what we actually need. No cost of living hike taken in to account. I'm going in to next year with around 350 vehicles on order, that haven't been built this year (or indeed last year for some of them). If we lose some of those orders, which I'm sure we will as they'll be yet another price increase for the customers; they'll be replaced by the customers that are trying to place orders now that I'm having to hold off.
I think what is actually happening is you are being cut out.Just because they aren't selling you the vans doesn't mean they aren't making them, and certainly doesn't mean they aren't able to make them.
It doesn't make sense that they would be struggling to produce vehicles at the moment, but it absolutely would make sense that they are trying to move towards more direct sales.
Direct supply for lcv has been pushed back another few years again.
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