Re: Chelsea tractors 'worthless' as price of second-hand cars plunges 12%.

Depresion  typed:
> "Daul P." <dogpoop@hotpop.com> wrote in message
> news:pCWmk.889$Lt6.529@newsfe17.ams2...
>> Depresion  typed:
>>> "Daul P." <dogpoop@hotpop.com> wrote in message
>>> news:QzTmk.189437$x66.169377@newsfe25.ams2...
>>>> Doug  typed:
>>>>
>>>>> "Dealers are refusing to take 'worthless' gas-guzzling 4x4s in
>>>>> part exchange amid plummeting values for secondhand cars.
>>>>>
>>>>> They say some are worth more as scrap as demand for steel soars.
>>>>
>>>>> A three-year-old family car worth £5,000 will drop in value
by
>>>>> £600 - nearly three times the £225 decline in the same
period
>>>>> last year.
>>>>
>>>> Whilst I would dispute the figures you quote as bullshit (what's
>>>> new), I welcome this.  I've never bought a 4x4 new, so it's good
>>>> news for me and loads of people like me who use and abuse them
>>>> off-road.  Or those who see a £200 tax-hike as
notalottoworryabout
>>>> in the general scheme of things.  :)
>>>
>>> Is it just me or dose the £375 extra drop just about counteract two
>>> years of this tax, thus making it a good time to buy a big 4x4. It
>>> can only loose the value once.
>>
>> Absolutely.  Those who actually want/need a 4x4 but who don't buy
>> new are in a very good position now.  It'll be an even better
>> position when people actually try to off-load their vehicles and
>> can't ... for now it seems most people are holding on to 'see what
>> happens' I guess.
>
> If most people are holding off on selling then used prices may go up.
> That would annoy Doug.

That's what I thought, but the economist thinking is that people will hold
off a while, prices will start to rise again, then everyone will sell and
create a glut, and much lowered prices.  It is and probably will be for a
while to come, a buyers market.

I intend to make hay while the sun shines.  :)

--
Daul P.

http://www.glass-uk.org/
"You would probably do better not to bother with renewable
energy"  Doug, UK.Transport 29/04/2008 08:53.
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