used car prices because of credit crunch 2

[jonah35]

do we think we will see a 2008/09 drop in car prices again if and when this credit crunch mark 2 takes off

bentley gt's around the 35k mark, vantages similar, M6's low twenties and so on.

do we think that we will see a further big chunk of a drop by christmas

i think the following could potentially happen

Oil comes down making petrol cheaper and the pound strengthens against the dollar further enhancing this effect
but, credit hard to get which will have an effect
cost of borrowing to rise even if interest rates stay the same as gilt yields higher
people get scared again
has been referred to as lehman brothers on steroids if this doesn't get fixed soon

personally the politicians could be tougher, could be stronger and cut back on spending but they have shown they don't have the political will to tackle things so the markets are going to keep taking them to task for this

i can see Bentley GT's around £28/29k by christmas and M6's around £17k by christmas and range rovers and range sports dipping a bit

but, what do the others think?