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Author Used car market after COVID-19
DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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17th Jun 20 at 13:07   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by gavin18787
I am certainly trying to keep an eye on it.
Sitting on a bit of cash at present. Earning me bugger all in the bank obviously and when I remortgaged recently there was no benefit in sticking in into the house really.




I'm on the look out for a 2018/19 VW California the right side of 40k
3CorsaMeal
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Registered: 11th Apr 02
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18th Jun 20 at 20:11   View User's Profile U2U Member Reply With Quote

http://pocketrocketsales.co.uk/car/vw-corrado-vr6/

Good base
SetH
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Registered: 15th Jul 01
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19th Jun 20 at 14:22   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Ian
Tough to say what is going on, on the one had people are skint and uncertain and on the other they're being paid to sit at home and browse the classifieds. I can see why stuff is still doing well just now.


Pretty much what is going on tbh.

Looking at my insta feeds I've seen one guy splash out on a monster of a Ducatti, another drove halfway across the country at the peak of lockdown to buy a fully restored XR2. Pretty much people spunking on toys. They must be confident that when furlough winds down they will not be one of the millions to be made redundant. A lot of close friends all of a sudden are talking about changing their cars, the latest RS5 and X6 on their shortlists. For me personally I would not be purchasing 'expensive toys' during such times of uncertainty seems like madness.
richardworrall
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Registered: 20th Sep 05
Location: Derby
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19th Jun 20 at 18:27   View Garage View User's Profile U2U Member Reply With Quote

At the minute the used car market is booming.
Working in a used car supermarket with 4 sites that averaged 1000 cars a month we are on target for about 750 so not that far behind pre-lockdown numbers.
gavin18787
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Registered: 22nd Feb 05
Location: Basildon, Essex
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19th Jun 20 at 22:01   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by SetH
quote:
Originally posted by Ian
Tough to say what is going on, on the one had people are skint and uncertain and on the other they're being paid to sit at home and browse the classifieds. I can see why stuff is still doing well just now.


Pretty much what is going on tbh.

Looking at my insta feeds I've seen one guy splash out on a monster of a Ducatti, another drove halfway across the country at the peak of lockdown to buy a fully restored XR2. Pretty much people spunking on toys. They must be confident that when furlough winds down they will not be one of the millions to be made redundant. A lot of close friends all of a sudden are talking about changing their cars, the latest RS5 and X6 on their shortlists. For me personally I would not be purchasing 'expensive toys' during such times of uncertainty seems like madness.



I suppose when the furlough ends will be key. Alot of people on furlough boasting about how they are now better off as they have less expenditure. Like you say when/if they find jobs are not there it will be when toys come up for sale to fund things.


Drives supercharged Tec with torque
SetH
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Registered: 15th Jul 01
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21st Jun 20 at 11:20   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by gavin18787
I suppose when the furlough ends will be key. Alot of people on furlough boasting about how they are now better off as they have less expenditure. Like you say when/if they find jobs are not there it will be when toys come up for sale to fund things.


I see 3 clear groups since Covid-19

1) People that financially gained
2) Those where nothing really changed
3) Those that had their lives turned upside down

It's group 1 that are suddenly buying hot tubs and expensive cars/bikes, well certainly in the case of my social media contacts and some friends. One of them had sold his coffee shop which was due to complete in March, the sale is still going through shortly but in the meantime he netted 10k from the government, a nice little cherry on top of his sale. Quite a few people I know are actually still on 100% wages too. Don't get me wrong I am not hating on people buying nice things but my observation is that they are really taking a risk. They all seem to think everything is going back to normal and non of them believe their jobs are at risk. Of course I don't want to see things go to hell but anything can happen over the second half of this year.

Unfortunately for me I fell into group 3 but I am on the road to bouncing back from it. I will probably have more of a cash hoarding mentality for the foreseeable future. Recently I had been a big fan of car leasing and the man maths always made sense, you do a risk analysis and on paper you can comfortably meet the payments for 3 years than BOOM a world wide epidemic with millions of job losses.
gavin18787
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Registered: 22nd Feb 05
Location: Basildon, Essex
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25th Jun 20 at 21:17   View Garage View User's Profile U2U Member Reply With Quote

I agree that your group one should be thinking about the long game. Certainly will be a long time until "normal" is back.
Think there could be a bit of shock when some sizable employers state they are in trouble


Drives supercharged Tec with torque
DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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26th Jun 20 at 07:34   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by SetH

1) People that financially gained
2) Those where nothing really changed
3) Those that had their lives turned upside down



I had a little piece from each column..
JM_16v
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Registered: 17th Oct 05
Location: Essex Drives: A5 Sportsback & Dax Rush
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27th Jun 20 at 12:10   View User's Profile U2U Member Reply With Quote

i got a new car in lockdown about a month ago, had to trade in my S7 thou due to no interest second hand
SetH
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Registered: 15th Jul 01
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27th Jun 20 at 14:50   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by JM_16v
i got a new car in lockdown about a month ago, had to trade in my S7 thou due to no interest second hand


you had an S7?

JM_16v
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Registered: 17th Oct 05
Location: Essex Drives: A5 Sportsback & Dax Rush
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28th Jun 20 at 14:39   View User's Profile U2U Member Reply With Quote

Yeah beautiful car, remapped it to 510bhp but it was quiet long and wife wouldn't drive it.
SetH
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Registered: 15th Jul 01
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1st Jul 20 at 19:10   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by JM_16v
Yeah beautiful car, remapped it to 510bhp but it was quiet long and wife wouldn't drive it.


Sweet!

I am running MRC stage 2 on my S4 now it made 480 bhp and 590NM torque love how understated S cars are, passes as an Sline diesel to the untrained eye.
3CorsaMeal
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Registered: 11th Apr 02
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3rd Jul 20 at 22:41   View User's Profile U2U Member Reply With Quote

I'm running lacoste socks and next boxers with custom lourves
gavin18787
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Registered: 22nd Feb 05
Location: Basildon, Essex
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4th Jul 20 at 14:24   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by SetH
quote:
Originally posted by JM_16v
Yeah beautiful car, remapped it to 510bhp but it was quiet long and wife wouldn't drive it.


Sweet!

I am running MRC stage 2 on my S4 now it made 480 bhp and 590NM torque love how understated S cars are, passes as an Sline diesel to the untrained eye.


Used to hate all these fast audi's but they have grown on me lately. Must mean I am growing up

Is the S7 the one that Jayemm did a review on the other day?


Drives supercharged Tec with torque
SetH
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4th Jul 20 at 15:38   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by 3CorsaMeal
I'm running lacoste socks and next boxers with custom lourves


SetH
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Registered: 15th Jul 01
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4th Jul 20 at 15:43   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by gavin18787

Is the S7 the one that Jayemm did a review on the other day?


I don't recall him reviewing an S7 at least recently (unless I missed it). He did review a 2017 RS6 this week though and liked it so much he said it was a possible future car for him one day.

gavin18787
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Registered: 22nd Feb 05
Location: Basildon, Essex
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6th Jul 20 at 16:12   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by SetH
quote:
Originally posted by gavin18787

Is the S7 the one that Jayemm did a review on the other day?


I don't recall him reviewing an S7 at least recently (unless I missed it). He did review a 2017 RS6 this week though and liked it so much he said it was a possible future car for him one day.




Ah yes just checked back. Rs6 it was. He seemed presently suprised he liked it. Impressive he found it really fast as well considering what he has driven recently.


Drives supercharged Tec with torque
3CorsaMeal
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Registered: 11th Apr 02
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19th Aug 20 at 10:31   View User's Profile U2U Member Reply With Quote

I will be getting a Yaris GR. Just stuck on what colour

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