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calvinhobbes

Car Dealer Doing Well

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My dad was talking to a good friend who has a franchise. He said he has being doing well since January and they are having a problem getting hold of small cars to sell.

I was amazed but know the guy was being straight. How is this so?

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By getting hold of small cars I'm guessing it's a used car place. The used car market will profit due to the new car market being decimated, and good, used motors will be in demand.

Simple market forces.

I used to deal used cars and in bad times always saw a demand increase in good, used cars as people weren't prepared to buy new.

Small cars always hold up well in value; it's the bigger guzzlers that hurt on price. More so now that fuel prices are drifting up again.

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People are buying new cars as well. Come May, I had seen about 4 2009 plates in all my driving (about 20,000 miles a year).

Now its about 40 a day and there are 5 2009 plates in my road. And not tiddly cars either, great big japanese monster trucks.

Surely people see this?

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Surely people see this?

Err No....

Seriously I have seen a single 09 plate and that was yesterday.

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Err No....

Seriously I have seen a single 09 plate and that was yesterday.

I've seen/noticed about 10/15 this year, and I have driven a lot of miles!

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There is a big demand for small, economical, cheap cars.

I have been looking at Fiat Panda prices for the last 6 months.

Even ebay prices seem to have risen by around 15-20% over that period.

Some dealers are asking £3500+ for a 5 year-old Panda which could have been bought for around £6000 new back then.

Makes a mockery of residual estimates now of course....

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People are buying new cars as well. Come May, I had seen about 4 2009 plates in all my driving (about 20,000 miles a year).

Now its about 40 a day and there are 5 2009 plates in my road. And not tiddly cars either, great big japanese monster trucks.

Surely people see this?

Mainly small stuff (though I have seen a DB9, an R8, and a pricey Merc), but I have seen loads.

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People are buying new cars as well. Come May, I had seen about 4 2009 plates in all my driving (about 20,000 miles a year).

Now its about 40 a day and there are 5 2009 plates in my road. And not tiddly cars either, great big japanese monster trucks.

Surely people see this?

Yes, I have an 09 Car though a company one. That said, it is being given up as I have new job and so I have been out and bought a second hand one, though not cheap mind you it was £65k new, I'm paying closer to £30k and its only 12 months old. Someone else can take the depreciation

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People are buying new cars as well. Come May, I had seen about 4 2009 plates in all my driving (about 20,000 miles a year).

Now its about 40 a day and there are 5 2009 plates in my road. And not tiddly cars either, great big japanese monster trucks.

Surely people see this?

Yes, I have an 09 Car though a company one. That said, it is being given up as I have new job and so I have been out and bought a second hand one, though not cheap mind you it was £65k new, I'm paying closer to £30k and its only 12 months old. Someone else can take the depreciation

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Yes, I have an 09 Car though a company one. That said, it is being given up as I have new job and so I have been out and bought a second hand one, though not cheap mind you it was £65k new, I'm paying closer to £30k and its only 12 months old. Someone else can take the depreciation

I have to thank Mr Parry for saving me £30k.

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By getting hold of small cars I'm guessing it's a used car place.

Thats the thing it is a franchise selling new and used, apparently the only cars they are having trouble selling are silver coloured - people are going for darker colours. I won't name the franchise or the dealer (norn ireland is a bit too small and I actually like the man!).

I just thought it was odd people seemed to be after such big ticket items, I appreciate your argument about changing from gas guzzlers. I have indeed seen many at the road side with for sale signs on them.

(Our 8 year old car is ticking along just fine and is no guzzler thankfully).

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