New car sales drop 21% - Page 3

Dave · 10-10-2008, 09:00 AM

Was talking to my mate yesterday who works in the local audi dealership..

2nd hand are holding up ok apparently, but new is suffering. The hardest aspect is not discounts, but getting people to underwrite the part ex stuff..

trying to get a decent px is a nightmare! Esp if you are in big 4x4's like range rovers and stuff.. no one wants them

Gareth · 10-10-2008, 09:56 AM

Quote:

Originally Posted by Dave

Was talking to my mate yesterday who works in the local audi dealership..

2nd hand are holding up ok apparently, but new is suffering. The hardest aspect is not discounts, but getting people to underwrite the part ex stuff..

trying to get a decent px is a nightmare! Esp if you are in big 4x4's like range rovers and stuff.. no one wants them

spot on Dave.

Getting anyone to underwrite a car now is amazingly difficult at any kind of number that allows a deal to be done. You are quite right to say that used cars are moving well if they are priced right but knowing the right underwriter for certain brands can be a difference of several thousand pounds at the moment.

Gareth · 10-10-2008, 10:00 AM

Quote:

Originally Posted by Chav

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?

Because all franchised dealers have their year end targets to hit and will want to do that for bonus to be paid out.

The market is not "fooked" at all but it is very fragmented right now. Anything priced right and to sell-and of course the right car/spec/colour-is selling despite what the doom sayers and the headlines have to say.

Anything "heavy metal" (so any 4x4/Petrol engine over 3.0 litre) is very, very hard work for guys to find a home, retail or trade.

Chri5 · 10-10-2008, 10:39 AM

For anything over 3.0 litres and petrol, take the lowest p.ex shown on Cap or Glasses and take a further 10% off.

Merlot · 17-10-2008, 05:11 PM

Quote:

Originally Posted by Gareth

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....

Cheers mate. I'll be buying used as new prices even after discount are still too high. As I'm selling a BMW then I should really buy a BMW to max my px price but there is nothing else in the BMW range at the moment that I would have over my 535d M Sport.

PS Anyway I've had a 645, current M3 and 550 as you know. Perhaps the new 730d will be worth a peek but it would have to be a pre-reg BMW car so that pushes it out until next summer.

alera · 17-10-2008, 05:53 PM

Best bet is to sell private, go low then go in as a cash buyer. Virtually impossible to get an acceptable PX on luxury motors at the moment...

Its rubbish about December being the best time to buy as well.

Recession and job loses have not kicked in yet. It’s going to be Armageddon next year, first quarter 09 prices are going to fall off a cliff for luxury used motors as bad as things are now. Dont trust anything anyone in the trade is saying at the moment. Things are much worse than they seem and thats saying something.

Booster · 18-10-2008, 12:03 PM

A mate of mine was at a closed BMW auction last week and an 08 plated 730d, fully loaded with 6k on the clock sold for £17k!!!!

Nelson_R32 · 18-10-2008, 12:13 PM

Quote:

Originally Posted by alera

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...

Yes, our Used sales have turned out for the better suddenly, we sold 10 lazst week which is amazing in the current market conditions. Our New Sales have also suddenly taken a turn for the better.

At the end of the day the people who have 'safe' job positions such as Management aren't going to stop buying cars or spending there money and lets be honest; your average workr who;s being made redundant doesn't walk in and buy a £20k+ Audi even in good times*.

* Yes, rash generalisation I know. So sue me

Merlot · 18-10-2008, 12:51 PM

Quote:

Originally Posted by Booster

A mate of mine was at a closed BMW auction last week and an 08 plated 730d, fully loaded with 6k on the clock sold for £17k!!!!

Gulp - I presume it was an SE? Last year they were selling ex BMW 6-12 month old 730d Sports for £35k retail.

gb110430 · 18-10-2008, 01:18 PM

quick question how do you get into a bmw closed auction and why are they ''closed''

10-10-2008, 09:00 AM	#21 (permalink)
Dave Dangerous Join Date: Sep 2001 Location: Newquay Posts: 20,182	Was talking to my mate yesterday who works in the local audi dealership.. 2nd hand are holding up ok apparently, but new is suffering. The hardest aspect is not discounts, but getting people to underwrite the part ex stuff.. trying to get a decent px is a nightmare! Esp if you are in big 4x4's like range rovers and stuff.. no one wants them __________________

17-10-2008, 05:53 PM	#26 (permalink)
alera Volkswagen Golf GTi Join Date: Aug 2006 Location: North of Heaven Posts: 610	Best bet is to sell private, go low then go in as a cash buyer. Virtually impossible to get an acceptable PX on luxury motors at the moment... Its rubbish about December being the best time to buy as well. Recession and job loses have not kicked in yet. It’s going to be Armageddon next year, first quarter 09 prices are going to fall off a cliff for luxury used motors as bad as things are now. Dont trust anything anyone in the trade is saying at the moment. Things are much worse than they seem and thats saying something. __________________ 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

18-10-2008, 12:03 PM	#27 (permalink)
Booster Nissan GTR Join Date: Jan 2003 Posts: 3,910	A mate of mine was at a closed BMW auction last week and an 08 plated 730d, fully loaded with 6k on the clock sold for £17k!!!! __________________ Audi A5 3.0TDi Quattro Sport Tiptronic

10-10-2008, 10:39 AM	#24 (permalink)
Chri5 Audi R8 Join Date: Oct 2004 Posts: 8,131	For anything over 3.0 litres and petrol, take the lowest p.ex shown on Cap or Glasses and take a further 10% off.

18-10-2008, 01:18 PM	#30 (permalink)
gb110430 Citroen C1 GT Join Date: Sep 2007 Posts: 165	quick question how do you get into a bmw closed auction and why are they ''closed''