Petrol prices affecting sales
Petrol prices affecting sales
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Discussion

TheCoolerKing

Original Poster:

347 posts

191 months

Wednesday 23rd February 2011
quotequote all
http://news.sky.com/skynews/Home/Business/Fuel-Pri...

Whether you choose to make jokes about it or not, it will undoubtedly have an impact on the spring sellers market.

A lot of sellers are holding off till spring, but when costs for filling up what are very thirsty car’s increases, the buyers are simply not going to be there. If I wanted a quick sale come spring I’d be very concerned and if sellers start reducing prices, that’s not going help the marque either.


Edited by TheCoolerKing on Wednesday 23 February 19:14

shep1001

4,620 posts

218 months

Wednesday 23rd February 2011
quotequote all
TheCoolerKing said:
http://news.sky.com/skynews/Home/Business/Fuel-Pri...

Whether you choose to make jokes about it or not, it will undoubtedly have an impact on the spring sellers market.

A lot of sellers are holding off till spring, but when costs for filling up what are very thirsty car’s increases, the buyers are simply not going to be there. If I wanted a quick sale come spring I’d be very concerned and if sellers start reducing prices, that’s not going help the marque either.


Edited by TheCoolerKing on Wednesday 23 February 19:14
nah! you don't buy a TVR and think about how much fuel it will use.

SonicHedgeHog

2,790 posts

211 months

Wednesday 23rd February 2011
quotequote all
I don't think it will make any difference to TVR sales. Most people only do a few thousand miles a year and the additional petrol cost will be minimal. Add to that residual values that are actually rising and you've got a car you can buy with your heart and your head. I'd be more worried if I had a showroom full of luxo-barges with big engines.

The_Edge

958 posts

235 months

Wednesday 23rd February 2011
quotequote all
yes of all the factors at play right now, fuel prices are minor I think. And as stated, you don't but a TVR with mpg in mind silly

TheCoolerKing

Original Poster:

347 posts

191 months

Wednesday 23rd February 2011
quotequote all
Maybe you're right, but I'm not convinced, I suppose only time will tell.

That phrase about 'head and heart' gets so over used, most of the guys on here are either married or have responsasiblities. Sure if you're were buying an Aston, I'd expect more flexabilty, but if some guy is only spending 10K (average spend), do you really think he's got the money to say 'stuff how much its going cost to run it'?

TheCoolerKing

Original Poster:

347 posts

191 months

Wednesday 23rd February 2011
quotequote all
The_Edge said:
yes of all the factors at play right now, fuel prices are minor I think. And as stated, you don't but a TVR with mpg in mind silly
Ahh real estate I see you're problem, you might want to consider a career move. laugh

Telecaster

75 posts

238 months

Thursday 24th February 2011
quotequote all
Me and my 1000 mile a year pride & joy......worried about another few pence per litre: Mmm, I think not!

But what about the 40 lorries our company has out on the road every day, all doing about 5 miles to the gallon....oh sh*t!!

Chris71

21,549 posts

271 months

Thursday 24th February 2011
quotequote all
It will depend on the driver I suspect. Some won't do the miles to make it significant and some will simply be too loaded to care, but I reckon it will be a factor to some.

TVRs make every trip special, and unlike a Caterfield or many other specialist cars they have the practicality and the comfort to allow you use them regularly. You can realistically nip off for a business meeting or something without falling back on the daily driver, which is quite a bonus even if its unlikely to be the main reason for buying one. There must come a point where it occurs to some potential owners they could get away with that sort of use in a 1.8-litre Elise doing 40mpg on the motorway, but not in a Chimaera of similar value and performance doing 20.

Also, ignoring the fact it's a TVR specifically, I'm sure the soaring price of petrol will put some people off the idea of buying any second car. Before they could pay all the bills and have room for a toy, now they can't. That will impact the TVR market even if it's a more widespread problem, so, yes, it will affect sales I'd say.

Gazzab

21,637 posts

311 months

Thursday 24th February 2011
quotequote all
The 70's oil crisis had a massive impact on the value of cars. My ex's father sold his Daytona convertible for peanuts back in the day.

Most buyers of TVRs are generally looking at buying a relatively cheap car and are looking to keep manintenance and running costs down. It certainly wouldnt put me off but I suspect it will impact some. I owuld say that the other economic issues are probably having a bigger impact eg job security, cost of living, rubbish pensions, house price falls, lack of lending etc

Chris71

21,549 posts

271 months

Thursday 24th February 2011
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[redacted]

Zumbruk

7,848 posts

289 months

Thursday 24th February 2011
quotequote all
I don't even know how many miles to the gallon my TVR does. Seriously. If that was the kind of thing I worried about, I wouldn't have bought it. OTOH, I know to the 1/10th of an MPG how much the Disco does.

5tevo

443 posts

226 months

Thursday 24th February 2011
quotequote all
I found out the combined just this week to work out an approx 'all in' cost to the 'ring...wish I hadn't!!!..even more stupid was telling the wife.

smile




coetzeeh

2,890 posts

265 months

Thursday 24th February 2011
quotequote all
I have owned a TVR for 6 years and am considering another - price of petrol is not a consideration at all.

TheCoolerKing

Original Poster:

347 posts

191 months

Thursday 24th February 2011
quotequote all
coetzeeh said:
I have owned a TVR for 6 years and am considering another - price of petrol is not a consideration at all.
Good for you lets hope your buyer thinks solaugh

obikaii

156 posts

188 months

Thursday 24th February 2011
quotequote all
im just about to start looking for a t350,& petrol prices/mpg are very low on the list of concerns.as has already been said,few will buy such a toy with that in mind,as after all that is all they are to most of us.it will get all the optimax it needs,i can always cut back on food or other non essential items.
it will affect vehicle sales to some degree though.
ive got a deisel van for work,which uses about £10 a week,so i dont spend much on fuel anyway,if i get worried i'll do a combined fuel total to ease my mind.

LooneyTunes

9,379 posts

187 months

Thursday 24th February 2011
quotequote all
I'm contemplating a Cerb and to be honest haven't even contemplated looking into mpg.

Take a contrarian view and try to convince yourself that as folk try to keep budgets in check, higher fuel prices = quieter roads at weekends!

DavidLScott

1,048 posts

253 months

Thursday 24th February 2011
quotequote all
Just sold my Chim in 6 days (goes tomorrow frown) to the first of 5 potential buyers for what I think was a fair price, not a cheapo 'fire-sale' (£8600 for a 97 on 65k miles) so I guess some people aren't too bothered about petrol prices.

I want to go back to a single car so will trade the 130 M Sport + the cash for something interesting (god knows what) that I can use every day as a more practical car for me. - for my less than 10k a year, anything around 20mpg will be fine.
It's not what you pay for petrol it's how much extra it costs - you'll have to pay something anyway so 30mpg to 20 mpg isn't so bad(ish).

Chris71

21,549 posts

271 months

Thursday 24th February 2011
quotequote all
5tevo said:
I found out the combined just this week to work out an approx 'all in' cost to the 'ring...wish I hadn't!!!..even more stupid was telling the wife.

smile
Same here. I've got a 2,000 mile road trip coming up. I know it'll be very much worth it, but the cost of 2,000 miles' worth of super unleaded is faintly eye watering.

This is something of a one-off treat, but the fuel costs alone are as much as I'd normally spend on a whole holiday!

Ribol

11,993 posts

287 months

Thursday 24th February 2011
quotequote all
Petrol prices will affect sales, just as all our other bills that are going up will and this financial cr@p we are in is far from over.

When money gets tight the first things to go are luxuries and let's face it running a TVR is just that.

Besides, there isn't much point in having a sportcar if all you do is look at it sitting on your driveway.

coetzeeh

2,890 posts

265 months

Thursday 24th February 2011
quotequote all
TheCoolerKing said:
Good for you lets hope your buyer thinks solaugh
I said another - not selling anything. biggrin