Thursday, Apr 09, 2009
Interesting correlation between car market and housing market
BBC NEWS: New cars 'cheaper than used ones'
Slightly off-topic
Replace Parkers with Haliwide, change cars to houses and it's the same VI spin.
Posted by wdbeast @ 05:14 PM (640 views) Add Comment
5 Comments
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1. Old_traveller said...
Main difference with property developers may be that car manufacturers do not seem to have a problem with mark to market and face their losses...
2. 51ck-6-51x said...
Ah ha - forget those savings accounts, precious metals or oil..
The obvious trade now is the new-old car arbitrage... I'm off to my local Subaru dealer to get me a few new Imprezas to flog second hand.
Oh - hang about are there any willing buyers out there?
3. will said...
If I take my one year old Range Rover to a dealer, I could swap it for a brand new one. If anyone knows of a dealer willing to, please let me know.
4. it_is_going_with_a_bang said...
Price rises?
You mean they increase the RRP by 3 % then give you 15% off when you buy it.
The last time I looked the car auction was overflowing.
Shortage my a**.
5. geed said...
Used car values have been climbing steadily since the end of last year. BCA report a 17% rise since Oct 08. Demand is good too but Auction prices are now just plain silly, it can't last but the used car market will fare much netter than the new over the next 12 months.