Any car traders struggling for stock I am?
Discussion
singlecoil said:
The Rotrex Kid said:
singlecoil said:
So they are paying what they can sell them for?
That's a very odd thing for them or anyone else to do.
‘Retail’ is just a guide, like the ‘clean’ book price.That's a very odd thing for them or anyone else to do.
Whereas they would normally buy for Clean and sell for Retail, they are currently buying at retail and selling at Retail+ their normal margin.
This is why prices are going up, stock is hard to get, new orders/deliveries are months away and people who want cars (and would normally buy new) are buying used.
Same if prices were going down instead of up. They can still make their margin if they are adding value.
I’ll happily pay £2k ‘over’ book for a car, I can still sell it with the same margin.
singlecoil said:
The Rotrex Kid said:
Nobody is moaning about the prices..
Apart from the OPDanny4494 said:
Lately cars that are spares and repairs are selling for as much as running counterparts.
Auction guide prices seem to be way off too
Where are you getting stock I’m struggling
Auction guide prices seem to be way off too
Where are you getting stock I’m struggling
The likes of Cinch and Cazoo want to disrupt the traditional used car marketplace and move sales online only rather than via physical dealerships. Currently a tiny fraction of sales are online only so there is a gigantic market to go after and that allows for very bullish forecasts which then tends to result in hefty valuations and money to spend!
These online disrupters have very deep pockets and ambitions to match so surely it’s these guys that are buying up much of the stock that the physical dealerships are complaining they can’t get their hands on?
Early stage disrupters will often run at a loss for a long time (as long as they keep getting funding) so I think most physical dealerships are going to struggle for stock for the foreseeable.
These online disrupters have very deep pockets and ambitions to match so surely it’s these guys that are buying up much of the stock that the physical dealerships are complaining they can’t get their hands on?
Early stage disrupters will often run at a loss for a long time (as long as they keep getting funding) so I think most physical dealerships are going to struggle for stock for the foreseeable.
DeuceDeuce said:
The likes of Cinch and Cazoo want to disrupt the traditional used car marketplace and move sales online only rather than via physical dealerships. Currently a tiny fraction of sales are online only so there is a gigantic market to go after and that allows for very bullish forecasts which then tends to result in hefty valuations and money to spend!
These online disrupters have very deep pockets and ambitions to match so surely it’s these guys that are buying up much of the stock that the physical dealerships are complaining they can’t get their hands on?
Early stage disrupters will often run at a loss for a long time (as long as they keep getting funding) so I think most physical dealerships are going to struggle for stock for the foreseeable.
This makes sense.These online disrupters have very deep pockets and ambitions to match so surely it’s these guys that are buying up much of the stock that the physical dealerships are complaining they can’t get their hands on?
Early stage disrupters will often run at a loss for a long time (as long as they keep getting funding) so I think most physical dealerships are going to struggle for stock for the foreseeable.
Constellation group own BCA, WBAC, and Cinch..
My gf sold her car to WeBuyAnyCar a couple of weeks ago. We booked in a time slot and went down there for them to have a look and confirm a price. I thought it was going to be hell, but quite the opposite in fact. They pretty much gave her the price they had offered online (and this was a higher revised offer than the original price because she had left it a few days). I think they gave her about £100 less than their online offer price. It seemed very fair to me and the whole process was very easy. It was all done and dusted in around 45-60mins.
I asked the guy what they do with these cars as there were lots of people turning up and selling their cars too and he pointed to a big transporter loaded with cars and said we're owned by British Car Auctions so these go to auction. He said anything 2 years old or newer that's in good nick goes to Cinch.
So it seems they have it sewn up...they have stock coming in from WBAC, they sell that stock to trade via BCA and anything really good and new they sell/lease back to the public with Cinch.
I asked the guy what they do with these cars as there were lots of people turning up and selling their cars too and he pointed to a big transporter loaded with cars and said we're owned by British Car Auctions so these go to auction. He said anything 2 years old or newer that's in good nick goes to Cinch.
So it seems they have it sewn up...they have stock coming in from WBAC, they sell that stock to trade via BCA and anything really good and new they sell/lease back to the public with Cinch.
A pal of mine was buying a A6 avant so I gave him a lift.
Chatting to the salesman and asked were they low on stock as I’d heard dealers were finding it difficult, he nodded his head towards the sales pitch. “Yeah, really low stock, look, its so bad we are even selling Nissan pick ups”.
Erhhhh, no, that’s mine you greasy haired git.
Myself, I’m in the process of looking to replace the aforementioned pick up, WBAC have offered me £3800 less than I paid for it just over 5 yrs ago, I’ll take that thanks, trouble is everything else has also gone up.
Chatting to the salesman and asked were they low on stock as I’d heard dealers were finding it difficult, he nodded his head towards the sales pitch. “Yeah, really low stock, look, its so bad we are even selling Nissan pick ups”.
Erhhhh, no, that’s mine you greasy haired git.
Myself, I’m in the process of looking to replace the aforementioned pick up, WBAC have offered me £3800 less than I paid for it just over 5 yrs ago, I’ll take that thanks, trouble is everything else has also gone up.
coppernorks said:
Are we talking top end dealers selling 2/3 year old cars or traders selling clocked 08 plate death traps for £2K ?
I’d suggest it across the board. Car we bought in Oct last year still not with us. Lucky for me the dealer gave us a new car loaner. Had it since dec 20. Wife says ‘I hate it’. I say, it’s a free car, insurance included 
A semiconductor factory in the Far East that was a major manufacturer of computer chips went on fire a couple of months back causing a worldwide shortage of microchips. It's not just cars that are being affected, pretty much anything new that has a chip in it will become more expensive and delayed.
Even the radar systems for aircraft I design.
Even the radar systems for aircraft I design.
Quattromaster said:
trouble is everything else has also gone up.
This is the part that utterly blows my mind. People are so happy for prices to go up, yet fail the realize the item they are purchasing has went up too. People seem to be so happy these days that they are getting more money for their houses yet I have seen everything go up so the next thing you are buying especially if upgrading has went up by a larger amount.
I find these things don't usually stay up.
Used car dealer here. Mental prices and shortage of stock. Truly working 3 times as hard to stock up, never worked harder to buy cars and luckily have some good avenues for getting cars.
Prices are crazy if I could buy back everything for what I sold it for retail 12/18 months ago I would be ripping arms off.
Got a nice 992 911 Turbo S for overs if anyone wants to beat the waiting list at the mo...
Prices are crazy if I could buy back everything for what I sold it for retail 12/18 months ago I would be ripping arms off.
Got a nice 992 911 Turbo S for overs if anyone wants to beat the waiting list at the mo...
WBAC paying strong money merely reflects their confidence that CAP prices will rise again in Julys book like they did in June from May much stuff up 10% with a further 10% at least anticipated next month.
My OPC has 1 used Porsche normally they would have 45 cars this is typical across the board and is driving prices higher. No respite in sight either this will continue until next year at least many predicting it is the end of cheap UK used cars for good with major rises in prices yet to come.
Limited run Porsche Ferraris Lambos and Mclarens have gone insane price wise and they are still flying out the door. Stock has completely dried up and many are simply naming their price and they sell irrespective.
My OPC has 1 used Porsche normally they would have 45 cars this is typical across the board and is driving prices higher. No respite in sight either this will continue until next year at least many predicting it is the end of cheap UK used cars for good with major rises in prices yet to come.
Limited run Porsche Ferraris Lambos and Mclarens have gone insane price wise and they are still flying out the door. Stock has completely dried up and many are simply naming their price and they sell irrespective.
av185 said:
WBAC paying strong money merely reflects their confidence that CAP prices will rise again in Julys book like they did in June from May much stuff up 10% with a further 10% at least anticipated next month.
My OPC has 1 used Porsche normally they would have 45 cars this is typical across the board and is driving prices higher. No respite in sight either this will continue until next year at least many predicting it is the end of cheap UK used cars for good with major rises in prices yet to come.
Limited run Porsche Ferraris Lambos and Mclarens have gone insane price wise and they are still flying out the door. Stock has completely dried up and many are simply naming their price and they sell irrespective.
A shame really as pre covid the steam had really come out the used supercar market and 6 7 8 year old lamb's r8s pockets etc were getting to a nice price for us common plebs My OPC has 1 used Porsche normally they would have 45 cars this is typical across the board and is driving prices higher. No respite in sight either this will continue until next year at least many predicting it is the end of cheap UK used cars for good with major rises in prices yet to come.
Limited run Porsche Ferraris Lambos and Mclarens have gone insane price wise and they are still flying out the door. Stock has completely dried up and many are simply naming their price and they sell irrespective.
Monkeylegend said:
Try buying a car from these guys.
https://www.clearwaterautomotive.co.uk/search_page...
Been like this for a couple of weeks or so now.
Mailed them yesterday after reading this ( as they are fairly local to me ) to see if they were interested in my E300 Coupe.........nothing back so farhttps://www.clearwaterautomotive.co.uk/search_page...
Been like this for a couple of weeks or so now.
Joe Strummers Guitar said:
Monkeylegend said:
Try buying a car from these guys.
https://www.clearwaterautomotive.co.uk/search_page...
Been like this for a couple of weeks or so now.
Mailed them yesterday after reading this ( as they are fairly local to me ) to see if they were interested in my E300 Coupe.........nothing back so farhttps://www.clearwaterautomotive.co.uk/search_page...
Been like this for a couple of weeks or so now.
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