Will Coronavirus hit used car prices? (Vol 2)
Discussion
jonwm said:
Saw some interesting production and forecast figures from the global markets today, snapshot of Europe below, don't see the huge upturn on production that we are all hoping for..
One of the economic downturn non believers will be along soon to denounce your data whilst not proffering any of their own to support their affirmation all is ok. 911hope said:
Tax cuts for the richer few will not benefit the economy. No credible person thinks it will.
Ironically, it will also not win the next election for the Tories.
Obviously that is a good thing, as a decade in opposition will do them and the country some good.
Yeah but Labour are already saying they will increase taxes that isn’t a good thing eitherIronically, it will also not win the next election for the Tories.
Obviously that is a good thing, as a decade in opposition will do them and the country some good.
Pommy said:
jonwm said:
One of the economic downturn non believers will be along soon to denounce your data whilst not proffering any of their own to support their affirmation all is ok. Venisonpie said:
I think the point being made is that new car production isn't forecast to improve thus meaning used car pricing will remain strong. I could of course be wrong.
That's also how I understood it. And tbf I don't know who those "economic downturn non believers" are, I haven't seen any in this thread but perhaps I missed them.nickfrog said:
Venisonpie said:
I think the point being made is that new car production isn't forecast to improve thus meaning used car pricing will remain strong. I could of course be wrong.
That's also how I understood it. And tbf I don't know who those "economic downturn non believers" are, I haven't seen any in this thread but perhaps I missed them.Venisonpie said:
Pommy said:
jonwm said:
One of the economic downturn non believers will be along soon to denounce your data whilst not proffering any of their own to support their affirmation all is ok. Pommy said:
It's missing the basic economics of supply and demand. It doesn't matter how many you don't make if less people are buying.
Agreed it's basic supply and demand however you could just as easily turn that statement round and say it doesn't matter if less people are buying if there's still more than required to keep the market buoyant. The spinner of plates said:
johnnyBv8 said:
RUSTILLDOWN said:
Just checked CB’s IP Address… confirmed it’s AV185.
What an oddball! 
Which would take quite a dedication. Although I suppose if you're willing to crawl up someone else's driveway to pap random cars, anything is possible...
Venisonpie said:
Pommy said:
It's missing the basic economics of supply and demand. It doesn't matter how many you don't make if less people are buying.
Agreed it's basic supply and demand however you could just as easily turn that statement round and say it doesn't matter if less people are buying if there's still more than required to keep the market buoyant. Pommy said:
Well the very issue with over supply due to lack of demand is that it means by definition there aren't enough people to keep the market buoyant
I think what the data chart was showing that there isn't likely to be over supply anytime soon. Reduced demand may still mean there is sufficient demand to meet or exceed current supply.Venisonpie said:
Pommy said:
jonwm said:
One of the economic downturn non believers will be along soon to denounce your data whilst not proffering any of their own to support their affirmation all is ok. -CB
Nice article, but I think we likely at a turning point.
- supply chain issues easing up
- people will have less to spend (cost of living rise)
- interest rates going up also resulting in more expensive car loans
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