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Post by michael on May 5, 2020 8:28:25 GMT
I see car sales are being hammered and with the expected recession are we likely to see any bargains or will it go the other way and see reduced supplies and higher prices? If the price is right I'll be swapping my car and potentially buying another.
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Post by Tim on May 5, 2020 10:17:41 GMT
I assume supply will be adapted in some way but I expect that the huge volume of cars that were in the system until lockdown and that are currently collecting dust will need to be offloaded quite quickly so I expect some nearly-new bargains.
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Post by johnc on May 5, 2020 10:31:57 GMT
I assume supply will be adapted in some way but I expect that the huge volume of cars that were in the system until lockdown and that are currently collecting dust will need to be offloaded quite quickly so I expect some nearly-new bargains. A lot of them were pre registered by dealers but I agree there will initially be a lot of bargains followed by a real firming up of supply, margins and prices. |
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Post by PG on May 5, 2020 13:22:37 GMT
Whoops - just started a thread on this in General. Maybe Mark can merge them?
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Post by Alex on May 9, 2020 10:57:01 GMT
Up until dealerships had to close, my brothers fiat dealer were doing a rather brisk trade in Pandas and 500s to people buying a second car to use for commuting and that could well continue as people will want to try to avoid public transport when they start having to go back to work. So perhaps small cars will do ok but I suspect sales of larger cars may slow as people put off replacing their family car - luckily for my brother, Fiat have long since stopped selling family cars!
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Post by Martin on Jun 8, 2020 16:22:10 GMT
Be interesting to see what happens over the next few weeks, but I've noticed a couple of cars in my Autotrader garage going up in price this week and quite a few have sold.
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Post by PetrolEd on Jun 8, 2020 21:15:01 GMT
Be interesting to see what happens over the next few weeks, but I've noticed a couple of cars in my Autotrader garage going up in price this week and quite a few have sold. Yes, I’ll be honest I expected to see some panic already. Seems prices are sticking for now but I guess we haven’t had the financial pain yet. Give it 3 months |
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Post by bryan on Jun 9, 2020 6:12:59 GMT
You also have 2 months of pent up demand to accompany the lack of financial pain. When that goes and the pain kicks in dealers are in for a tough time....
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Post by johnc on Jun 9, 2020 7:18:16 GMT
I have been slightly irritated that a Mini I had been watching (in anticipation of my daughter turning 17) went up £1,000 about 3 or 4 weeks ago, came down £250 last week and has now gone up another £500, so that's £1,250 more than its pre Covid price and a 15% increase. I think we will just leave it and wait for the pain to kick in.
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Post by Tim on Jun 9, 2020 8:30:15 GMT
....and quite a few have sold. Some Glasgow based friends of ours are going to Belfast on Friday to collect a car. I'm not sure I'd class that as essential travel! |
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Post by Martin on Jun 9, 2020 8:35:35 GMT
....and quite a few have sold. Some Glasgow based friends of ours are going to Belfast on Friday to collect a car. I'm not sure I'd class that as essential travel! Depends on the car! |
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Post by Tim on Jun 9, 2020 8:38:21 GMT
Some Glasgow based friends of ours are going to Belfast on Friday to collect a car. I'm not sure I'd class that as essential travel! Depends on the car! don't think so... www.carandclassic.co.uk/car/C1231503Unless they've dumped something else then this'll be car no7 in their fleet! There are only 2 of them, they're a shining beacon (in terms of quantity) to me  |
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Post by humphreythepug on Jun 9, 2020 10:23:50 GMT
The start of 2020 right up to lockdown was the busiest start to the year that we had experienced, on average both myself and my colleague had sold 1.2 cars each for every single day that we were physically in work, we just couldn't cope with it.
Upon returning on the 1st it's just carried on as it was prior to lockdown, we are mental busy and are struggling to cope with it, as well as having to deal with the pre lockdown orders, by yesterday I'd done 7 (been in work 6 days) my colleague was on 11 (been in work 7 days).
I do forsee it dropping off at somepoint though once furlough ends and redundancies kick in.
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Post by Bob Sacamano v2.0 on Jun 9, 2020 11:45:36 GMT
The start of 2020 right up to lockdown was the busiest start to the year that we had experienced, on average both myself and my colleague had sold 1.2 cars each for every single day that we were physically in work, we just couldn't cope with it. Upon returning on the 1st it's just carried on as it was prior to lockdown, we are mental busy and are struggling to cope with it, as well as having to deal with the pre lockdown orders, by yesterday I'd done 7 (been in work 6 days) my colleague was on 11 (been in work 7 days). I do forsee it dropping off at somepoint though once furlough ends and redundancies kick in. Indeed. My sister in law and her husband bought a new Dacia Duster the day after the lockdown (cracking car for the money BTW) - I reckon it was the last car sold in Newcastle pre-lockdown. |
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Post by michael on Jun 9, 2020 15:05:59 GMT
We've been in the process of buying a house for the outlaws in order that they can be nearer. I've got friends who are local estate agents and they've said the housing market around here has been the same. Managed to get the one we wanted with a reasonable offer, though.
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Post by johnc on Jun 10, 2020 12:07:56 GMT
I've been looking at a few non Tesla electric vehicles for my wife, to replace the X4 (she dislikes the look of a Tesla 3 big time). Since she works full time for me I could provide it through the business with certain tax advantages.
However it would appear that the leasing costs of electric cars have gone mad. An i-Pace or an E-Tron are over £800/mth (potentially £1,000 for the E-Tron) and the new Ford Mustang E-Mach isn't that far behind them. There are advertised deals that appear cheaper but the reality is the vehicles are not available or are much more expensive.
It might need to be another X4!
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Post by michael on Jun 10, 2020 12:09:38 GMT
You can't have had the X4 that long?
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Post by johnc on Jun 10, 2020 12:15:31 GMT
You can't have had the X4 that long? 2 years 7 months and 18 days to be precise EDIT: It goes back at the end of October. |
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Post by michael on Jun 10, 2020 12:16:04 GMT
Wow, I'd have thought you got it last year.
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Post by Tim on Jun 10, 2020 13:24:25 GMT
Just back from a trip into town.
There are signs of life at the Ford garage - the workshop had an open door - but the Land Rover one next to it has no cars parked outside or in the showroom and maybe 15 of varying makes in the compound.
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Post by PG on Jun 15, 2020 9:43:01 GMT
I have been slightly irritated that a Mini I had been watching (in anticipation of my daughter turning 17) went up £1,000 about 3 or 4 weeks ago, came down £250 last week and has now gone up another £500, so that's £1,250 more than its pre Covid price and a 15% increase. I think we will just leave it and wait for the pain to kick in. I read that the demand for small cars has exploded - new and second hand. Because people don't want to use public transport and are all looking for small, cheaper to run, runabouts and commuter vehicles. Which is probably why electric has also had an uptick. Everyone thinks it is a good time to get one - supply and demand. |
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Post by PetrolEd on Jun 15, 2020 10:16:20 GMT
I've been looking at a few non Tesla electric vehicles for my wife, to replace the X4 (she dislikes the look of a Tesla 3 big time). Since she works full time for me I could provide it through the business with certain tax advantages. However it would appear that the leasing costs of electric cars have gone mad. An i-Pace or an E-Tron are over £800/mth (potentially £1,000 for the E-Tron) and the new Ford Mustang E-Mach isn't that far behind them. There are advertised deals that appear cheaper but the reality is the vehicles are not available or are much more expensive. It might need to be another X4! Would it not make sense to run a Tesla Model 3 under your business. It seems a no brainer to me but I'm aware you do this for a living so what am I missing? We do a lot of business with these guys and I'd be renting an electric car for a couple of months before fully committing to see how it fitted into my life. www.evezy.co.uk/ |
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Post by Big Blue on Jun 15, 2020 10:20:28 GMT
Which is probably why electric has also had an uptick. Everyone thinks it is a good time to get one - supply and demand. Careful: the conspiracy theorists will be saying the whole COVID-19 thing was purposely spread to get us into electric vehicles..... |
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Post by johnc on Jun 15, 2020 11:00:14 GMT
I've been looking at a few non Tesla electric vehicles for my wife, to replace the X4 (she dislikes the look of a Tesla 3 big time). Since she works full time for me I could provide it through the business with certain tax advantages. However it would appear that the leasing costs of electric cars have gone mad. An i-Pace or an E-Tron are over £800/mth (potentially £1,000 for the E-Tron) and the new Ford Mustang E-Mach isn't that far behind them. There are advertised deals that appear cheaper but the reality is the vehicles are not available or are much more expensive. It might need to be another X4! Would it not make sense to run a Tesla Model 3 under your business. It seems a no brainer to me but I'm aware you do this for a living so what am I missing? We do a lot of business with these guys and I'd be renting an electric car for a couple of months before fully committing to see how it fitted into my life. www.evezy.co.uk/Totally makes sense to run an electric vehicle through the business which is what I would do but the wife doesn't like the Tesla 3 at all so that's not going to happen. She does like the i-Pace but if it is going to be £900 less tax and NI relief of 43% that still makes it £513/mth net which is a bit more than I want to pay. Her current X4 costs under £400/mth and there is no point in doing it if there is no tangible benefit. There is also a cashflow cost of having to find over £900/mth and then wait for a year or more to get the tax relief. In the last couple of weeks, 1 client has picked up a Tesla X and 2 have picked up Tesla 3's and one should be getting his Taycan at the end of this week - the tax benefits are starting to shape demand. |
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Post by Bob Sacamano v2.0 on Jun 15, 2020 11:05:52 GMT
A friend was telling me one of his suppliers has a Tesla Model S, powered by solar energy, collected by the panels on his roof and stored in a Tesla Powerwall. He even sourced a written off Nissan Leaf and used the powerpack out of that to give himself extra storage capacity. He's laughing all the way to the bank.
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Post by Martin on Jun 15, 2020 11:10:11 GMT
One of my colleagues has a Tesla Powerwall in his garage with solar panels on the roof and he gets an electricity credit rather than a bill, even though he doesn't actually put any back into the grid as he stores it. He's just taken delivery of an iPace and thinks he'll be able to part top that up with what he generates.
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Post by Deleted on Jun 15, 2020 11:12:10 GMT
These schemes look a bit like a pyramid to me, early adopters with some concessions but later they will find a way to either get back to the same level of tax return or higher. Not going to be a free ride is it?
That www.evezy.co.uk/ scheme looks cheaper than most standard car rentals or have I missed something? |
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Post by racingteatray on Jun 15, 2020 11:39:00 GMT
On the useability of EVs, I think I've previously mentioned that we have some friends who have a Tesla Model X. I think it's a 90D. It's white and enormous so I always refer to it Moby Dick.
Anyway, they just managed to drive it from London to Calabria (in the toe of Italy) where he comes from. That's about 1,500 miles. I did ask how it went and the comment came back "half the day driving, half the day re-charging"...
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Post by michael on Jun 15, 2020 11:51:26 GMT
A friend was telling me one of his suppliers has a Tesla Model S, powered by solar energy, collected by the panels on his roof and stored in a Tesla Powerwall. He even sourced a written off Nissan Leaf and used the powerpack out of that to give himself extra storage capacity. He's laughing all the way to the bank. Friends of ours have the same set up (less the Leaf) with a Tesla Model X. Most of their journeys are local so they plug it in every night and never need to think about the range. They make money on the power generated and ironically he works offshore in oilfield services. |
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Post by garry on Jun 15, 2020 12:18:48 GMT
Mentioned elsewhere we’ve got an etron due ( In July apparently). I don’t need huge range and I got a lease deal that thought was very good, but now sounds a complete bargain vs what John has been quoted. Can’t imagine many buying an EV without a financial incentive to balance against the risk or inconvenience . I know I wouldn’t have bought it otherwise.
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