Coronavirus effect on car prices?

Ganga

[DELETED USER] said:

The fact that a lot of people are unemployed or at best on 80% pay, and a lot of businesses are gone, will push down prices a lot.

But do not forget most of the manufacturers are now closed so limiting the availability of new cars till they manage to get back working and then the supply chain of components to build them will be behind.

jacko74

It would be lovely to think that all the cars that have been described as ''appreciating modern classics'' and people have been buying and selling for hugely inflated prices as investments in recent years, hoarding them away in the process, will now see a big fall in prices and these cars can go back to being driven and enjoyed by ordinary non-wealthy petrolheads.

I'm not talking about your typical high end cars here, Ferraris or Lambos, just relatively ordinary performance cars and hot hatches which until recently could have been bought for sensible prices to be enjoyed by ordinary folk.