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Mega

Get Ready For Mega Deflation In New Car Prices!

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I can certainly see this happening, very easily.

Same thing for houses and everything else, well... except food, fuel, bills :ph34r:

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Weren't Vauxhall selling new Vectras at half-price to clear the last stocks?

People who bought Vectras at 50% discount a few months ago will be a bit miffed that they could have waited and got 40% off an Insignia!

Edited by blankster

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Sounds insane but General Motors' European division, Opel and its sister brand Vauxhall, may have to make huge discounts on their models in order to sell enough cars to save jobs in Germany

It might help if they designed ....

A DECENT FECKIN' CAR !

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“The market will be a combination of struggling brands and cheap cars,†if Opel gets restructured as planned, said Simon Empson, managing director of Broadspeed.com, a U.K. Web site that sells cars. He predicts the carmaker, which operates Opel in Europe and Vauxhall in the U.K., will have to discount models by “40 percent or more†to meet its sales targets

That's a lot to place on one quote from http://www.broadspeed.com, especially as their website is down.

"Caught exception in BSP::Controller::Root->index "Can't call method "search" on an undefined value at /home/www/broadspeed.com/BSP-0.01/lib/BSP/Controller/Root.pm line 34.""

Edited by Tom Peters

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I could do with a new (not brand new) car. However it annoys me that I would have to pay as much for a 2nd hand car that someone using the scrappage scheme pays for a new one so I've been waiting to see what happens to used prices. I can't be the only one so used car prices need to come down as well.

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I expect that the car market in the future will comprise Governments taxing us to keep car plants open, and the manufacturers paying us to take the cars off their hands.

Cars being the ultimate symbol of the private individual and all that.......

(edit: incompetence)

Edited by CokeSnortingTory

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I could do with a new (not brand new) car. However it annoys me that I would have to pay as much for a 2nd hand car that someone using the scrappage scheme pays for a new one so I've been waiting to see what happens to used prices. I can't be the only one so used car prices need to come down as well.

I agree that they NEED to come down.Unfortunately the reverse is happening.Prices have risen 20% since the start of the year and there is no sign of stabilisation due to diminishing numbers coming onto the market.It has been common for bulk fleet buyers to get 40% off list,but this isn't for a single unit usually several thousand cars at a time.

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How long can they keep propping up the market? Soon people who loose houses will start living in cars, hmm thats the plan afterall.

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