What does everyone think the car market will be like after Covid?

Low prices since half the country will be bankrupt and destitute or higher prices because production was cut or markets will have consolidated?

Manufactures could create a shortage initially to keep prices up or go into a price war and add to their losses. 

Manufacturers like VW Group are in deep do do. 

VW Finance and cars that will not be getting the monthlies paid on and cars that are there now to be collected and more as the weeks go on.

 

A very large glut of the Leased and Financed cars to be punted through auctions and maybe no Trade or Private buyers interested in paying anything other than 'Much Cheapness'.

 

BCA (British Car Auctions) lend money to traders to buy stock.  That will be interesting as Traders are sitting now with Stock losing value.

 

There are cars in compounds now waiting on getting first registered and maybe those that had ordered them will be cancelling.

 

Motability have stopped taking orders from customers for new cars, and there is no list published this quarter.

Those with cars due to hand back in the next 3 months have had their lease extended for 6 months. 

 

Car Battery & battery chargers / jump lead sellers will be doing a roaring trade over the next weeks and maybe months.

Edited 9 April, 20206 yr by Roottootemblowinootsoot

I hope the used market is strong, I want rid of a Nissan Qashqai ASAP

47 minutes ago, SuperbTWM said:

I hope the used market is strong, I want rid of a Nissan Qashqai ASAP

 

As long as it is not the diesel version.

 

1.2 petrol is a good machine,  not sure if auto is the full Renault EDC box or Nissan sourced. 

Not an SUV fan but relative likes hers as quite short but roomy.

Suggested she gets additional warranty if turbo goes south.

26 minutes ago, lol-lol said:

 

As long as it is not the diesel version.

 

1.2 petrol is a good machine,  not sure if auto is the full Renault EDC box or Nissan sourced. 

Not an SUV fan but relative likes hers as quite short but roomy.

Suggested she gets additional warranty if turbo goes south.

 

Its a 2010 facelift mk1, I believe the engine is Nissan's rather than the dreaded Renault, its just a simple normally aspirated 1.6 petrol with timing chain From 39,000 to 110,000 all its had apart from routine maintenance is 2 nearside bottom ball joints, 1 offside bottom ball joint and one of the inner driveshaft gators.

 

You can tell they are built to a price though, the road noise is terrible, at 70mph its doing close to 3500 rpm which makes it very painful on the motorway and the gearbox has had a bit of a whine from day 1. The Mrs has always liked it though, she has just swapped over to an S-Max which is like a rolls Royce in comparison. In fact in terms of gadgets, it puts a lot of cars to shame.

 

 

Edited 9 April, 20206 yr by SuperbTWM

1 hour ago, SuperbTWM said:

I hope the used market is strong, I want rid of a Nissan Qashqai ASAP

 

At 10 years old and on 110,000 it wouldn't be big money before this carp happened, having said that I think that segment will be fairly buoyant as it's all we'll be able to afford. New cars, when they reappear, and nearly new petrols, will be just too expensive, so everyone who needs a car will want a diesel or older high mileage cars  - as I doubt dealers/makers will suck it up and sell low.

@NJRJ Its value may not change at all but my mindset has, I was asking around £2500 for it before the Covids in no real rush to sell but now the first person that comes along with some magic beans and its theirs 

 

I live on a quiet street but I still like to park my cars on the drive rather than half on the pavement/road.

 

 

1 hour ago, SuperbTWM said:

 

Its a 2010 facelift mk1, I believe the engine is Nissan's rather than the dreaded Renault, its just a simple normally aspirated 1.6 petrol with timing chain From 39,000 to 110,000 all its had apart from routine maintenance is 2 nearside bottom ball joints, 1 offside bottom ball joint and one of the inner driveshaft gators.

 

You can tell they are built to a price though, the road noise is terrible, at 70mph its doing close to 3500 rpm which makes it very painful on the motorway and the gearbox has had a bit of a whine from day 1. The Mrs has always liked it though, she has just swapped over to an S-Max which is like a rolls Royce in comparison. In fact in terms of gadgets, it puts a lot of cars to shame.

 

 

 

Think I know what you mean.  I bought a 2003 Scenic just to do some miles to balance the mileage on the Octy and that has a NA 1.6 litre 110 hp 16v engine.

Goes well for a £700 car.

90 mph indicated up quite a steep A road hill.  Only 41 mpg indicated and road tax is bad. Super comfy and takes big furniture. Will scrap it within a year I suspect or maybe usd in scrappage scheme.

Car Dealers / Traders / Brokers obviously are going to have to look on the positive side and not have potential customers think there will be bargains to be had with 'fire sales' of stock sitting with disks getting cosmetic rust and flat batteries.

(You can not be on furlough and still go washing the cars in your stock and starting them or charging batteries as that is 'working'.)

 

 

 

 

Edited 11 April, 20206 yr by Roottootemblowinootsoot

4 hours ago, Roottootemblowinootsoot said:

Car Dealers / Traders / Brokers obviously are going to have to look on the positive side and not have potential customers think there will be bargains to be had with 'fire sales' of stock sitting with disks getting cosmetic rust and flat batteries.

(You can not be on furlough and still go washing the cars in your stock and starting them or charging batteries as that is 'working'.)

 

 

 

 

 

 

As most newish cars on the road are on PCP deals it means some of these lease companies taking a bath ?

 

 

 

People will be wanting cars as before, but many people will have left their cars standing during isolation (or perhaps even sold them) and some of those will need replacing, so demand will go up, driving higher prices.

Manufacturers have not been making cars and all along the sales chain there will still be shortages of staff as well as product, so demand will be higher than forecasted supply, meaning higher prices.

However, people have been in lockdown, so have spent loads of money on home entertainment crap and takeouts, so will not have as much disposable income, especially if they've been on 80% furlough pay or outright unemployed, so the reduced financial capability will lower demand quite a bit.

Value will have dropped on standing new stock and businesses won't be buying as much, either. Also, traders cannot charge too much as a result of all the above, but they can't charge too little either as they'll lose too much money.

 

It'll probably be on roughly the same overall levels of sales, but with volumes, values and everything else scaled down a bit... At least until marketing work out new ways to overcharge a fortune for stuff again!