New car sales drop 21% - Page 2

dibbs26 · 07-10-2008, 11:20 AM

Quote:

Originally Posted by Mook

I reckon under £20K with average miles and spec

£20 K

. For a car that has a value of £33k currently a 13K drop is some hit to the pocket.
Good for the buyer though.........

Gareth · 07-10-2008, 11:29 AM

Quote:

Originally Posted by Mook

I reckon under £20K with average miles and spec

Hopeful thinking there?

Gareth · 07-10-2008, 11:32 AM

Quote:

Originally Posted by dibbs26

Mileage around 10p-12K. Spec around mid level.

So a coupe that today is worth/lists at £35k.

After 12 months/10k miles that should be worth;

Trade - £26k

Retail - £29k

Private - £27.5k

And those numbers are a little harsh IMHO, but we'll have to see what the market does for the next 12 months.

Gareth · 07-10-2008, 11:33 AM

Quote:

Originally Posted by Booster

In a normal month (if there is such a thing these days!!) its normally 60% used, 35% new and 5% CH.

We have a high prercentage of repeat business, averaged 65% last year. That keeps the bad debt and the dealer commissions down

Cool. Nice repeat business ratio too.

About the same split here although maybe a slightly higher amount of new vs. used.

CH is, as ever, a pit of vipers!!!!

dibbs26 · 07-10-2008, 11:40 AM

Thanks for that Gareth, appreciated !.

Mook · 07-10-2008, 12:48 PM

Quote:

Originally Posted by Gareth

Hopeful thinking there?

No mate - the TT isn't for me

More of reality thinking than hopeful. I don't think people realise how much new car values are being and are going to be hit in the next 12 months, despite how we would all like them to be maintained at a reasonable depreciation rate.

alera · 08-10-2008, 05:49 PM

Surprised its not worse to be honest. Used car sales are holding up quite well apparently ? Its going to get much worse before it gets better...

Merlot · 09-10-2008, 07:57 PM

I've been trying to buy but I've found that my px has taken a big hit but few dealers are prepared to take their own sticker prices down pro rata. Surely trade on my car to retail on their one is a fair indicator of the price to change? This way the fact that both are not making book is allowed for and if I am buying out of brand then the dealer shifts one of his cars and passes mine on to the underwrite. Therefore quids in for him with £30-40k off the o/d.

I'm waiting until Dec/Jan now to try to get a better deal as dealers won't drop prices inline with underwrite falls on the px.

Gareth · 10-10-2008, 07:46 AM

Quote:

Originally Posted by Merlot

I've been trying to buy but I've found that my px has taken a big hit but few dealers are prepared to take their own sticker prices down pro rata. Surely trade on my car to retail on their one is a fair indicator of the price to change? This way the fact that both are not making book is allowed for and if I am buying out of brand then the dealer shifts one of his cars and passes mine on to the underwrite. Therefore quids in for him with £30-40k off the o/d.

I'm waiting until Dec/Jan now to try to get a better deal as dealers won't drop prices inline with underwrite falls on the px.

If you're buying a brand like BMW/Audi/Mercedes then December is going to be a good time to deal.....not January '09.

Let me know what car you're getting part exchange values on if you want it censor checked....

Chav · 10-10-2008, 08:20 AM

Why's that gareth? Market fooked so anytime is good time to buy.
What about AM/Merc AMGs/RRs - any particular time a good time?

07-10-2008, 11:40 AM	#15 (permalink)
dibbs26 BMW 130d Join Date: May 2005 Location: Liverpool Posts: 1,196	Thanks for that Gareth, appreciated !. __________________ A4 B7 2.0T FSI S-LINE Akoya Silver, Xenon plus pack, RS 6's, MFSW, Phatnoise, Auto dimming mirror, Light/Rain sensor, Bose, Isofix, Split folding seats, Rear side blinds, Rear window blind, Centre armrest, Auto boot Lid, Cargo parcel net/hooks & Loadliner.

08-10-2008, 05:49 PM	#17 (permalink)
alera Volkswagen Golf GTi Join Date: Aug 2006 Location: North of Heaven Posts: 610	Surprised its not worse to be honest. Used car sales are holding up quite well apparently ? Its going to get much worse before it gets better... __________________ Audi A8 W12 SWB - Ebony Pearl Black / Satin Nappa Maserati 4200 Cambiocorsa - Rosso Mondiale / Nero Car Insurance Comparison tools - Go Compare / Tesco Compare / Compare The Market

10-10-2008, 08:20 AM	#20 (permalink)
Chav Porsche GT3 Join Date: Mar 2004 Location: Chavshire Posts: 11,859	Why's that gareth? Market fooked so anytime is good time to buy. What about AM/Merc AMGs/RRs - any particular time a good time? __________________

09-10-2008, 07:57 PM	#18 (permalink)
Merlot Subaru Impreza WRX Join Date: Dec 2005 Location: On a B road Posts: 2,853	I've been trying to buy but I've found that my px has taken a big hit but few dealers are prepared to take their own sticker prices down pro rata. Surely trade on my car to retail on their one is a fair indicator of the price to change? This way the fact that both are not making book is allowed for and if I am buying out of brand then the dealer shifts one of his cars and passes mine on to the underwrite. Therefore quids in for him with £30-40k off the o/d. I'm waiting until Dec/Jan now to try to get a better deal as dealers won't drop prices inline with underwrite falls on the px.