Will Coronavirus hit used car prices? (Vol 2)
Discussion
MaxFromage said:
Confidence is disappearing fast
(...)
As I mentioned previously on this thread, quite a few successful clients are now gearing up to buy assets 'when they drop', like they have many times before.
Those clients seem confident that those assets will bounce back in value, presumably. (...)
As I mentioned previously on this thread, quite a few successful clients are now gearing up to buy assets 'when they drop', like they have many times before.
ATM fiesta order book is full for 2022 focus are having huge issues getting the information screen which are built in Ukraine ecosports puma and Kuga are easy enough to get hold of. Mustang Mach e patchy at best. Big problem order book has tanked for new orders and 2nd hand sales have dropped big time. Prices may stay firm throughout summer but when order books catch up that will be the point of real concern. We still in the denial stage In the economic cycle suspect come winter the energy bills will start seriously hurting people along with food prices which look set to get worse.
Pommy said:
av185 said:
e-honda said:
27 gt4s
24 actually. 3 have sold in the last couple of hours. Such is the strong demand as you well know. 
Including this one below just bought by a PHer.
Coincidentally just had a bid on mine today from a random OPC who rang me out of the blue offering 18k trade over basic list. Seems a touch low in view of rising prices so am keeping it for now to use occasionally over the summer.
Whats happening now is with inflation rising many are keeping their last of the line desirable ICE cars such as the GT4 as values rise across many medium and higher end cars and their are fewer and fewer other interesting alternatives and asset classes opportunities offering better likely returns. This will become the norm with many desirable cars over the next few months with a correspondingly positive affect on prices..
You could always buy one and make some money instead of spending all your time posting on here about exact numbers there are for sale at the OPCs you constantly check.
Edited by av185 on Thursday 19th May 21:00
Edited by av185 on Thursday 19th May 21:03
nickfrog said:
MaxFromage said:
Confidence is disappearing fast
(...)
As I mentioned previously on this thread, quite a few successful clients are now gearing up to buy assets 'when they drop', like they have many times before.
Those clients seem confident that those assets will bounce back in value, presumably. (...)
As I mentioned previously on this thread, quite a few successful clients are now gearing up to buy assets 'when they drop', like they have many times before.
And to take an example post 2008 what was remarkable was the speed at which any price falls across many assets including cars swiftly recovered as many who cashed out and subsequently tried to buy back found out to their considerable cost ££.
Tomm3 said:
Some talk in the caravan/motorhome community of signs of the bubble ready to burst. How anyone can think this current/future financial s
t-show cannot affect prices is baffling. Maybe longer to hit all those Porsche buyers but it's coming. All IMHO of course ??
Watched a YouTube video yesterday from a caravan dealer who was walking around his stock t-show cannot affect prices is baffling. Maybe longer to hit all those Porsche buyers but it's coming. All IMHO of course ??He was saying that demand has just evaporated.. gone
He was pointing out vans and saying things like “we’re fully stocked up, bought loads of stock in, it’s just died a death, hands on the head time”
Lots of expensive stock and nobody buying, vans that would have sold in hours .. no interest
Etc
https://youtu.be/7OAZ29EZDFY
av185 said:
Too many expensive larger and twin axle caravans in stock.
No surprise particularly post Easter holiday things are quieter especially given the reduced demand and price drops of vehicles used to tow such caravans i.e. 4 x 4s and larger engined gas guzzlers.
I think that perhaps it's a demographics things, similar to the Rolls and Bentley prices/activity.No surprise particularly post Easter holiday things are quieter especially given the reduced demand and price drops of vehicles used to tow such caravans i.e. 4 x 4s and larger engined gas guzzlers.
It's generally older folks buying caravans and bentleys, who have seen this all before and know full well what will eventually happen.
time waster said:
I remember the late 90s when car prices fell off a cliff and dealers were saying the demand is still great.
Can't remember a pandemic and major supply issues and a war hugely affecting componentry prices and resticted new car production and used car supplies back then though.Things are somewhat different this time with many different factors at play effectively creating a unique event.
av185 said:
Can't remember a pandemic and major supply issues and a war hugely affecting componentry prices and resticted new car production and used car supplies back then though.
Things are somewhat different this time with many different factors at play effectively creating a unique event.
Yes but with taxes and interest rates on the rise as soon as supply speeds up which it will there won’t be the demand therefore prices of new will fall/discounted which will drive used down Things are somewhat different this time with many different factors at play effectively creating a unique event.
time waster said:
Uk consumer confidence now falls to the lowest level on record. Lowest since 1974 (weaker since the banking crisis).
Only dropped 2% in May.A greater drop was expected.
Meanwhile interesting to note stock markets up again approaching 2% (140 points) mainly due to retail sales growth rising 1.4% in April instead of a 0.2% expected fall.
Retail sales also up a remarkable 4.1% compared to pre covid Feb 2020 levels.
ONS figures.
ghost83 said:
av185 said:
Can't remember a pandemic and major supply issues and a war hugely affecting componentry prices and resticted new car production and used car supplies back then though.
Things are somewhat different this time with many different factors at play effectively creating a unique event.
Yes but with taxes and interest rates on the rise as soon as supply speeds up which it will there won’t be the demand therefore prices of new will fall/discounted which will drive used down Things are somewhat different this time with many different factors at play effectively creating a unique event.
Increasingly we will see buyers chasing used stock which will be less expensive than new given the new car price hikes lack of discounts and higher pcp costs. This in turn will broadly support robust used prices.
av185 said:
time waster said:
I remember the late 90s when car prices fell off a cliff and dealers were saying the demand is still great.
Can't remember a pandemic and major supply issues and a war hugely affecting componentry prices and resticted new car production and used car supplies back then though.Things are somewhat different this time with many different factors at play effectively creating a unique event.
av185 said:
ghost83 said:
av185 said:
Can't remember a pandemic and major supply issues and a war hugely affecting componentry prices and resticted new car production and used car supplies back then though.
Things are somewhat different this time with many different factors at play effectively creating a unique event.
Yes but with taxes and interest rates on the rise as soon as supply speeds up which it will there won’t be the demand therefore prices of new will fall/discounted which will drive used down Things are somewhat different this time with many different factors at play effectively creating a unique event.
Increasingly we will see buyers chasing used stock which will be less expensive than new given the new car price hikes lack of discounts and higher pcp costs. This in turn will broadly support robust used prices.
av185 said:
Too many expensive larger and twin axle caravans in stock.
No surprise particularly post Easter holiday things are quieter especially given the reduced demand and price drops of vehicles used to tow such caravans i.e. 4 x 4s and larger engined gas guzzlers.
Did you miss the bit where he said vans that would normally have sold very quickly haven’t ? We safely can assume that as it’s his business he knows what sells/doesn’t?No surprise particularly post Easter holiday things are quieter especially given the reduced demand and price drops of vehicles used to tow such caravans i.e. 4 x 4s and larger engined gas guzzlers.
Somewhat of a contradiction don’t you think, you saying that because it’s cheaper to buy tow cars less people are buying caravans? Especially as we are now heading into the peak “caravanning” season
That doesn’t really make sense
Earthdweller said:
Tomm3 said:
Some talk in the caravan/motorhome community of signs of the bubble ready to burst. How anyone can think this current/future financial st-show cannot affect prices is baffling. Maybe longer to hit all those Porsche buyers but it's coming. All IMHO of course ??
Watched a YouTube video yesterday from a caravan dealer who was walking around his stock t-show cannot affect prices is baffling. Maybe longer to hit all those Porsche buyers but it's coming. All IMHO of course ??He was saying that demand has just evaporated.. gone
He was pointing out vans and saying things like “we’re fully stocked up, bought loads of stock in, it’s just died a death, hands on the head time”
Lots of expensive stock and nobody buying, vans that would have sold in hours .. no interest
Etc
https://youtu.be/7OAZ29EZDFY
https://www.youtube.com/watch?v=twvVirRYKMo
Sales are back up, he's now searching for new stock and having to pay silly money.
I don't think the caravan sales are comparable to car sales though.
time waster said:
av185 said:
time waster said:
I remember the late 90s when car prices fell off a cliff and dealers were saying the demand is still great.
Can't remember a pandemic and major supply issues and a war hugely affecting componentry prices and resticted new car production and used car supplies back then though.Things are somewhat different this time with many different factors at play effectively creating a unique event.
Which could obviously never fail but as predicted has done spectacularly.
Wonder why is wasn't regulated in the UK apart for money laundering purposes.
SpamDisco said:
His latest video from two days ago:
https://www.youtube.com/watch?v=twvVirRYKMo
Sales are back up, he's now searching for new stock and having to pay silly money.
I don't think the caravan sales are comparable to car sales though.
Yep just watched that, seems a decent positive honest chap https://www.youtube.com/watch?v=twvVirRYKMo
Sales are back up, he's now searching for new stock and having to pay silly money.
I don't think the caravan sales are comparable to car sales though.
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