Buying a car with today’s news of the recession

onlyfoolsandparking

molerat said:

I commented on prices on another thread a month or so ago so I have just had another look on Autotrader. Prices are now higher than they were then and it would cost more to buy my car at 9 months old and 3K miles than I paid last December at 2 weeks old with 10 miles on the clock.  My son in law knows a salesman and he says prices are high and rising as there is a limited supply of quality used stock and they are shifting what they get pretty quickly so no shortage of buyers, old bangers are still 10 a penny though.

Nothing wrong with a good old banger, every cloud and silver lining etc

Grumpy_chap

Judging by nearly empty used forecourt at nearest main dealer to me (Toyota Lexus) there is not much stock about, but may be influenced in them freeing up space for plate change in a couple of weeks.

silverwhistle

Depends where you work in the organisation but the coffee machine, health and safety meetings, company intranet might all be places where you could pick up information on trends, prices achieved you should have access and so forth.

I thought that the higher prices recently were at the lower end of the market due to people forgoing public transport during Covid.

In addition public confidence is low in this government and Brexit is on the horizon and if one isn't worried about those impacts you haven't been paying attention! Like the government in fact.

The_Rainmaker

After the 2008 crash did we not hit the low spot (new cars) in about 2010 or 2011?