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New Car Sales September

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LINGsCARS

LINGsCARS

Free Member
Feb 16, 2007
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Gateshead, UK
Blood on the showroom floor. New car sales >21% down.

I would be careful about giving deposits to dealers... some will be heading to oblivion.

“New car registrations have fallen for the fifth consecutive month and represent the most difficult economic conditions the industry has faced in 17 years,” said Paul Everitt, SMMT chief executive.

% change below, compared to Sept 2007 figures.
09_08.gif
 
I can understand that. A new car is a luxury, got one that works...you'll probably not get rid of it for at least the next few months. Certainly until the current markets have bottomed and we can see the woods from the trees.

Presumably that applies to the lease market as well, Ling?
 
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Ah! you ask! :)

Not sure about the whole lease market, but...

... I'm 48% up September 2008 on September 2007.

(Please tell everyone I didn't ask you to ask me)

When the tide goes out, you can see who's wearing trunks.
 
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I see MG are up 800% surely that must be seen as a positive :)

Figures can tell you anything you want, all it takes is to look at them from a different angle.

Regards
Gary
 
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This is great news.
The less cars that are registered = more space for ME on the roads!

BTW; I have not bought a new car in 25 years of driving. - Surely only a complete mug would take the depreciation on a new car. (Vanity over sanity?)

Edit; In the good old days I did import new cars from Europe when you could save £ 5K over the best UK deals, and have a week-end in Holland. (Unfortunately those deals and days are gone)
 
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I find it even more incredible that Audi have increased their sales albeit by only 1%, and they are a premium brand!!. Compare that to BMW 25% down and Merc 10% down. Audi must be doing something right
 
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I will guess - with Audi (as I am already taking orders for 09 plate cars, factory orders) that they partly have a residual order bank. It will be interesting if they can keep it up.

Question: what is happening to all these rhd cars produced (factory production ordered approx 1-year in advance) and not registered (never mind "sold", these figs are just registrations).
 
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Very very interesting the share of the market drop for budget brands such as Kia is a lot lower than say Alfa Romeo or Cadilic.

As for Audi its a fab like BMW once was.

I see Proton is in really really big trouble and I am not one bit surprised. Hyundai and Kia just seem to have the budget end cracked, the new Kias are actually quite cars, where as a Proton Gen2? it looks like something Ford would have come out with in 1996.
 
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LINGsCARS said:
I would be careful about giving deposits to dealers... some will be heading to oblivion.
Click to expand...

The same advice could be offered about giving deposits to builders, furniture retailers and just about anyone as no-one is doing well at the moment - apart from factoring brokers :)

I always think that buying new cars is a mugs game anyway and I always let someone else take the initial depreciation loss and buy second hand. If using finance pay the deposit to the finance company so you won't be at risk in the event of dealer collapse.

For anyone who wants to drive a larger engine car there are some amazing bargains about with Sytners getting rid of their BMW 7 series demonstrators at huge discounts.
 
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Ian J said:
For anyone who wants to drive a larger engine car there are some amazing bargains about with Sytners getting rid of their BMW 7 series demonstrators at huge discounts.
Click to expand...

hahahaha, I tell you what, anyone buying these beached whales at WHATEVER discount will have to be prepared to blow £20k overnight. There are only "huge discounts" because no one in their right mind wants one.

If anyone would is thinking of buying one, can I also recommend burning £5 notes, pouring petrol down a storm drain and accidentally dropping your cocaine down the loo (surely new 7-series buyers are on drugs) ...as much less painful ways to turn money into thin air.
 
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A used 7 series would be very nice though :D I'm also tempted. I like big cars, and they don't actually cost that much more to run than smaller cars. I did once stumble and bought my Saab as a six month old ex demo car, which was a bit daft. Myself and a friend worked out how much we'd lost, over all the years, on car depreciation. I was up to about £8k at that point and he was over £100k as he often bought new or nearly new, while I preferred three year old cars. I kind of blew that this decade and have lost about £20k since 2000, which annoys me.
 
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It's really interesting to see how the makes vary in how much they've been affected. Is there any correlation between market share and how badly they're affected I wonder?

I certainly can't imagine buying or leasing a brand new car right now ... you have to wonder how much further the market will drop and if you wait a few weeks, just what deals will be out there.

Mind you I can't see me ever buying a brand new car again, nor leasing one come to that. I've done both in the past, but now have a fixed budget per month and cannot get the luxury car I want brand new for that amount ... ah well :)
 
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LINGsCARS said:
hahahaha, I tell you what, anyone buying these beached whales at WHATEVER discount will have to be prepared to blow £20k overnight. There are only "huge discounts" because no one in their right mind wants one.
Click to expand...

You are basing you comments on the assumption that everyone wants the cheapest possible car to run and that isn't true as there are many people who don't do large mileages and would like a bit of luxury. In the last month I have taken advantage in the fall in prices of larger engined cars on the second hand market and have bought myself a 4.4 litre BMW645 and my wife a 3.2 litre Porsche Boxster.

I did some calculations based on the 6,000 miles a year that I drive and my BMW at 22mpg will cost me about £12 per week more to run than a diesel averaging 35mpg but the car itself is several thousand pounds cheaper than an equivalent diesel so it's all evened out and far from blowiong huge amounts of money in depreciation the Guaranted Future Value from BMW Finance means that the most it will depreciate is £8,000 in three years time
 
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officeangel said:
I certainly can't imagine buying or leasing a brand new car right now ... you have to wonder how much further the market will drop and if you wait a few weeks, just what deals will be out there.
Click to expand...

Why not contract hiring? When you can fix payments on Citroen C5s at around £170/mth+VAT for 2 -years and no residual risk, it is a no brainer.

That's just a bit more than the cost of 20 x cigs a day for a new car. Yesterday I spent more than that on pizza!

You are correct about deals arriving, that's why it makes no sense to buy, that's one of the reasons most private punters have stopped buying. However, that means your current car will be dropping, too, so it makes sense to get out of it asap unless it's a banger that has nowhere to fall.

Whatever you do, avoid buying the heavy stuff (or anything) unless you are willing to take the residual risk.

I would avoid being sucked into any reconciling of a car purchase decision. Everyone always says they have made a good choice. If you are talking new cars, all that matters is the amount paid for a new car at the moment. Every car does a good job when you are in this mid-range area. There is no additional quality of life issue driving a used 7-series over a Citroen C5, it's all made-up rubbish. Sorry to burst the bubble. Car is car.
 
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Don't make me drive a C5 Ling ... don't make me!! :D

But actually that's still £4k plus VAT for two year's motoring. And whilst I agree, if (god forbid!) I'd bought a C5 I may well lose more than that in residual value, its still flipping expensive. There's fuel and road tax and servicing on top of that too.

Now if you ramp that up, over the next 5 or 10 years ... that's £10 or £20k. It's not exactly cheap motoring. And it's still more per month than I'm paying to drive and own a much more luxurious, but older car. My car isn't losing anything like £2k a year in value.

No offence to anyone who owns or likes the C5, they're actually a great little car, I just don't choose to drive one.
 
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Yep, and that C5 is a cheap car.

You are working on a 10-year old mindset. That is extremely cheap motoring. People spend more than £2,500 a year on real rubbish. You can easily spend that on business class flight to Moscow.

Those people on Jamie Oliver's programme spend that much on kebabs and cheesy chips every day.

Of course you can drive an old car, and you can buy an old computer, old photocopier etc etc. I was under the impression I was talking about the best value new cars, not comparing with old stuff that has bottomed out in value.

One of my IT guys drives an old H reg Metro. He could also argue that he has cheaper motoring. He would be correct.

But, look at the cars on today's roads and most people will say they aspire to a new car, if at all possible.
 
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As a part time police officer who works in traffic I can give you another reason why you should go for the smaller new car rather than the bigger and more luxurious old car. In a big smash the new car with its modern safety systems will always come off best.
 
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So more safety, better environment, less breakdowns, full warranty, better economy, less servicing costs, road tax included, brand new tyres...

Nah... :) That'll be why any business that needs a car usually gets a second-hand banger, then.
 
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LINGsCARS said:
But, look at the cars on today's roads and most people will say they aspire to a new car, if at all possible.
Click to expand...

Thats always puzzeled me,when people know there new car is an old car once its left the showroom.?

But they would rather drive a new pile of Sh*t,than a quality older car.:|

Having driven many times on the M25 and become stuck in 17 mile jams. I have to agree that the car who's seats recline the furthest and has a built in teasmaid gets my vote.

I think the next big thing in motoring will be storage facilities for excess bodily fluids.

As you imply most small cars drive very well these days,and are much more usable in heavy traffic.( is there any other kind in the uk.?)

When I go into town I prefer to use the wifes Clio for ease of driving and have a fair chance of finding a parking space.A lot less work than taking a beast.

I have had cars that would do nearly 190 mph What the F**k for in a country with a 70mph limit insane or what..?

Lets face it those vehicles are made for anti-social psycopaths or Footballers and we see how many of our kids those brain dead morons kill.:(

Thats a fair old rant.!!!!!!!!!!!!

Earl
 
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Doesn't remotely surprise me you're up Ling - from what I understand you're offering 2 things that are good sales points - 1) modern cars (ie great safety features, mpg) and 2) leasing - always a winner during "uncertain" times as it means less initial outlay.

Traditional car dealerships are in a world of pain right now - those stats correlate completely with what I heard from the uk sales director of one of the brands you mentioned, down >50%. Low liquidity & fuel costs really arn't a great combo for these guys - yes a bunch will be out of business sooner rather than later.
 
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dp0848 said:
As a part time police officer who works in traffic I can give you another reason why you should go for the smaller new car rather than the bigger and more luxurious old car. In a big smash the new car with its modern safety systems will always come off best.
Click to expand...

Care to provide an example good sir, you'll have cynics like me saying what old BMW 7 series V Fiat Punto no contest. ;) Saw a big Mitsubishi 4 * 4
mashed in between 2 tractor units last week, not nice, I doubt anyone got out of the Mitzi.
 
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Ling, you're right that leasing is the most affordable way of driving a new car. But why does an older car automatically have to be a "banger"?

I was brought up never to argue with the police :), but the Citreon C5 for example doesn't have any safety features that my 9 year old Merc doesn't have.

I do agree that a smaller car is absolutely fine to drive around in, but I disagree that a car that can do 190mph is more of a lethal weapon than a car that doesn't. All cars are extremely capable of causing death and destruction in the hands of wrong driver. It's the only legal lethal weapon most of us will own in our lifetime.

And a luxury car doesn't have to be a beast, I bet I can get my SLK in pretty much any space that a wee city car can get it, it's smaller than a Ford Focus for instance.

It's horses for courses really. But to get back to the point of the thread I suppose, I do agree that if you want to drive a new car it makes sense to look at all the options.
 
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Oh no ... you're not the nice policeman at all ... you're not the nice awficer who patted me on the head and told me not to 94 mph down the M3 again or I'd be in trouble are you??

:D
 
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The safety feature that appear to make a difference in a serious RTC are a full compliment of airbags (side bags and curtain bags not just the one in the steering wheel), ABS and EPS (stability control). While your nine year old Merc may have ABS and possibly EPS new cars have far more advanced versions which make a big difference. We also find that the original style airbags can sometimes do more harm than good especially to women. Women tend to sit closer to the steering wheel than men and so we see a lot of burn injuries on women caused by the explosive devices that fire the airbag. New cars have intelligent airbags that regulate the inflation of the airbag with reference to the position of the seat. We also find that new cars have stronger and heavier cages.

To address the point raised by Oasis, about two years ago I attended a head on (headlamp to headlamp) between the old share Freelander and the latest shape Golf. Golf driver was very shaken and had a sprained wrist. Freelander driver had a broken leg and a fractured pelvis.
 
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officeangel said:
Oh no ... you're not the nice policeman at all ... you're not the nice awficer who patted me on the head and told me not to 94 mph down the M3 again or I'd be in trouble are you??

:D
Click to expand...

:rolleyes: Looks like we going to need the CS gas to subdue this on. :cool:
 
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Well you made me go and check the safety on it now ... the C5 would be a safer if I were to crash it, but only because it has the extra airbags you're talking about ... which is your point really.

And it would really be my right thigh and my left leg in more danger ... that's quite frankly bizarre!! I'd be no more likely to kill the pedestrian (god help me!!) than were I to be driving the C5 ... they didn't give me a reason though

Fortunately I'm quite tall and sit a long way back, so hopefully I'm in good stead for the airbag if and when it does go off ... lol And I've recently set fire to the grill so I've had a practice go at eyebrow and eye lashing charring ... oh and I burnt my forehead.

What cheery reading this has been for a Tuesday afternoon I must say. I shall be driving home a 3 miles an hour!!

Seriously though ... it's not going to get Ling a sale on a C5 ... :D
 
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telemax said:
I find it even more incredible that Audi have increased their sales albeit by only 1%, and they are a premium brand!!. Compare that to BMW 25% down and Merc 10% down. Audi must be doing something right
Click to expand...

I suspect the release of the new A5 may have contributed to that
 
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Oh I'm still in lust with the R8 and if I had the money ... I'd could easily be persuaded to bump up Audi's sales figures.
 
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