how bad is the credit crunch???uk

[phatbhoy]

I think the amount of people having credit is being exaggerated surely? I reckon a decent percentage 20-30% have not everyone borrowed huge, mortgaged themselves and had no savings? I would say I am quite a gambler but when I realised summer 07 that the prices were topping off I decided to put my over priced flat on the market, sold it quickly and put the profits away, have then only used savings for holidays and always kept money aside and to be fair have definitely gambled less, I am pretty young/daft so surely a pretty high number of people did similar things or at least stopped borrowing?

[kinboshi]

there was an article in autocar 2 weeks ago saying you can get DB9s for less than 50K and the V8 things for less than 40

You're probably right.  I think if they're a few years older they'll definitely be in that range.  I'm sure the advertised price for the cars is far more than you could haggle the dealer down to as well.  Amazing to think that a new one now would cost in the region of £130K.

[phatbhoy]

http://search.autotrader.co.uk/es-uk/www/cars/ASTON+MARTIN+DB9/Ne-2-4-5-6-7-8-27-44-49-53-61-64-67-103-133-146-236,N-143-240-4294966999-4294967000/advert.action?R=200849324558028&distance=337&postcode=g38jj&channel=CARS&make=ASTON+MARTIN&model=DB9&min_pr=&max_pr=&max_mileage=

not bad, probably get another 5k off...

[byronkincaid]

cayman's for less than 20 hmmmmmm

or is it too girly/hairdressy?

[kinboshi]

cayman's for less than 20 hmmmmmm

or is it too girly/hairdressy?

Cayman's are good cars.  You after a car at the moment? 

[MPOWER]

M - how are your new sales going?  Some places are struggling, whilst others are battling through it OK.


Also we are buying R8 @ circa 56k....they've done 40k in 6 Months. White is worth more than any other colour.  

As for buying an Aston new, I'd prefer to drink bleach....  

New car sales are genrally poor. MINI is the strongest brand in the UK if there stopping production  
there is no bluffing about sales of new cars.

Our success at Sytner Leicester we have the cheapest used cars in the country (I only sell used cars). People call us on price. If your not the cheapest in the country you won't get the enquiry's.

And we are the best used car sales team in the country at dealing over the phone or by email.  

Regards

M

  

[byronkincaid]

cayman's for less than 20 hmmmmmm

or is it too girly/hairdressy?

Cayman's are good cars.  You after a car at the moment? 

Just dreaming atm

[kinboshi]

And we are the best used car sales team in the country at dealing over the phone or by email.  

 

That's definitely an asset.  So many dealerships have a sales team that just don't understand how to deal with phone or internet enquiries.  They seem to want to sit on their arses and wait for people to walk in before they'll do anything.  More and more people are looking for a bargain (or at least to save some money) and if you can't deal with potential customers that aren't in the showroom then you're going to struggle.

[byronkincaid]

OT question. What's going to happen to in car TV's next year or whenever it is we go digital? Are they all going to stop working?

[phatbhoy]

ok totally off topic but quick one for the car sales guys, i'm thinking of upgrading my girlfriends car for crimbo, she has a wee MG convertible and would want another convertible, willing to spend 5k + trade in MG what would you recommend wouldn't want anything too old, maybe in last 5 years...

cheers

Steven

[MPOWER]

OT question. What's going to happen to in car TV's next year or whenever it is we go digital? Are they all going to stop working?

BMW have been digital for a few years on there TV's

The new Multi Media pack allows you to recieve emails/texts to the car it also holds up to 3000 Songs and you can watch
DVD's when the car is not moving. Rear Multi Media has a screen in the back which works all the time.

Clever these BMW

Regards

M

   

[kinboshi]

ok totally off topic but quick one for the car sales guys, i'm thinking of upgrading my girlfriends car for crimbo, she has a wee MG convertible and would want another convertible, willing to spend 5k + trade in MG what would you recommend wouldn't want anything too old, maybe in last 5 years...

cheers

Steven

The Mazda MX-5 is streets better than the MG in terms of reliability and driving experience (imo) and an ideal replacement for the MG.

You'd be looking at the MKII for that money, so avoid the 1.6 engine as it's woefully underpowered.  You can get a decent MKII for £5K.

[kinboshi]

New car sales:

New car registrations fell by 36.8% in November to 100,333 units, while volumes year-to-date are down 10.7%.

The Society of Motor Manufacturers and Traders  said the slowdown was in line with generally weaker demand in the UK, although the move to cut VAT on December 1 may have deterred any end of month sales drive into December or next year. The VAT cut is likely to reduce an average car’s price by £250.

From the dealers AM has spoken to recently, November has been a tough month and the SMMT has said the slowdown is steeper than expected.

The market decline in November was across all sales types, fuel types and segments. Small cars weathered the decline better than most and reported an improved market share, whilst diesel penetration rose to a record 47% in November. Only private buyers can benefit from the temporary VAT cut and their volumes were down 45.1% in November.

The new car market is expected to be 2.1 million units this year.

The new Ford Fiesta was the UK’s best selling model in November, just ahead of the Ford Focus. The Focus remains the best seller over the first 11 months of the year.

Paul Everitt, SMMT chief executive, said: “November has been another difficult month for the motor industry and while some consumers may have delayed their purchases to take advantage of the recent VAT reductions, overall demand continues to fall.

“Urgent action is now required to ease access to credit and finance, both to support consumers and meet the cash-flow needs of the industry.”

RMIF reaction

Sue Robinson, director of the RMI national franchised dealers association (NFDA), said: "Recent Government moves to address the economic situation should help stimulate the car market as we go into 2009, but we do expect to see some improvement this December, traditionally one of the quietest months for car dealers.

"Many more will be waiting for the resulting economic stabilisation, and for credit to become more readily available before considering buying a new car."

Robinson added that the economy is unlikely to make a major recovery until banks start "lending sensibly to consumers, businesses and each other, when this happens car sales will increase again".

[byronkincaid]

http://news.bbc.co.uk/1/hi/magazine/7764777.stm

[Scottish Dave]

Base Rate cut again from 3% down to 2% as of today!