Will Coronavirus hit used car prices? (Vol 2)

[anonymous-user]

Macron said:

and with the pound in the gutter, anything bought in from abroad will cost much more.

Yeah you're right, no doom anywhere.

Anyone got a light?

From the USA or priced in US$, but not everywhere. The € and ¥ have been hammered too, Japan intervened directly to prop up the ¥ for the first time in decades just this week.

Money is flying into US$ from everywhere, it's not a UK centric issue.

[Pommy]

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.

[ghost83]

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 either

[Venisonpie]

Pommy said:

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.

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.

[johnnyBv8]

RUSTILLDOWN said:

Just checked CB’s IP Address… confirmed it’s AV185.

What an oddball!

[nickfrog]

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.

[The spinner of plates]

johnnyBv8 said:

RUSTILLDOWN said:

Just checked CB’s IP Address… confirmed it’s AV185.

What an oddball!

He just can’t stay away

[MDMA .]

The spinner of plates said:

johnnyBv8 said:

RUSTILLDOWN said:

Just checked CB’s IP Address… confirmed it’s AV185.

What an oddball!

He just can’t stay away

Brilliant. If true.

[Fast Bug]

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.

VP is correct, that's what my posts have been about, limited production. It's also how I've understood others bar those that type random letters at the end of their posts

[Pommy]

Venisonpie said:

Pommy said:

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.

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.

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.

[Venisonpie]

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.

[Fusion777]

It always matters if fewer people are buying. No mainstream manufacturer of anything ever said “we’ll cut production so we can easily sell everything we make”.

Companies generally want to sell as much of something as they can for the highest price/margin that they can.

[Macron]

The spinner of plates said:

johnnyBv8 said:

RUSTILLDOWN said:

Just checked CB’s IP Address… confirmed it’s AV185.

What an oddball!

He just can’t stay away

That would require two logins as AV is active elsewhere as AV, and the writing style of the newcomer is far more Facebook (as in, juvenile linguistics, generally more "txt spk") than AV. Before we've considered the fingernails-down-a-blackboard 'The Moose' style finale.

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...

[e-honda]

Who is RUSTILLDOWN ?
Unless they are PH staff then it would be slightly difficult to get another posters IP address.

[Pommy]

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.

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

[nickfrog]

I reckon the manufacturers have discovered yield management a long time ago, particularly when their cost basis is affected by inflation so much.

As ever, it is the balance of supply and demand that sets the price, not demand or supply looked at in isolation.

[Venisonpie]

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.

[chickenbarns]

Venisonpie said:

Pommy said:

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.

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.

This is it exactly.

-CB

[ghost83]

New car production might not improve in the short term but I bet demand will fall as this recession gets worse which then will level it out somewhat and will mean that supply can start to catch up

[chickenbarns]

User car price rise.
https://www.walesonline.co.uk/news/motoring/sharp-...

-CB