GolfGTIforum.co.uk
Model specific boards => Golf mk7 => Topic started by: Popinman on 10 June 2020, 15:32
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Hi guys. Still a frequent visitor but not posting much as I’m yet to buy. Moved one step closer this week, but a very odd market out there. Enquired about 6 GTi’s yesterday (very specific in the spec I want), all but 5 “sold in the last 24 hours” back from various dealers.
A result of people not able to buy over lock down I assume? I thought it would be a buyers market and as dead as a dodo....
Dealers not telling the whole truth one way or another (not sure why they would?!).
Anyone else see it differently?
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Dealers never tell the truth so nothing different :grin:
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Everything has been on pause so unlike a normal recession there has been no manufacturing, no supply chain and no dealerships, no auctions etc.
What cars there are around are likely to be in demand if they have desirable spec.
Any actual recession and price drops will have a delayed effect once the economy readjusts with furlough schemes and payment holidays ending followed by firms deciding on their ways forward.
I work in transport logistics and can tell you it’s never been so busy as the last few months. It’s been like the Xmas rush turned up several notches as the selfish work from home or furloughed brigade decided they’d expose transport, warehouse and postal service workers to unnecessary risks by ordering anything they liked over the internet and treated it all like a huge government sponsored holiday.
A couple of colleagues of mine are in the market for new houses and it seems the estate agents have seen business go ballistic since restrictions eased with many properties selling within days of hitting the market.
I spoke to a sales lady from my (new build) estate last week in passing and she said they’d been inundated with appointments.
My own experience of the motor trade right now is a very limited amount of bookings for service work and many sales staff still furloughed but office staff gradually returning to work.
I’d say give it a few months to see the real lasting impact of the shutdown. Business seems brisk right now IF you can actually get hold of someone.
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Hi guys. Still a frequent visitor but not posting much as I’m yet to buy. Moved one step closer this week, but a very odd market out there. Enquired about 6 GTi’s yesterday (very specific in the spec I want), all but 5 “sold in the last 24 hours” back from various dealers.
A result of people not able to buy over lock down I assume? I thought it would be a buyers market and as dead as a dodo....
Dealers not telling the whole truth one way or another (not sure why they would?!).
Anyone else see it differently?
I had this exact same issue when looking for a Golf in November/December, a lot of dealers advertising cars that sold in the last 24 hrs. I was also specific on spec (5 door, manual, no tartan etc).
I personally think they were advertising high spec cars that were sold a lot more than 24 hrs ago, just to get interest.
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Hi guys. Still a frequent visitor but not posting much as I’m yet to buy. Moved one step closer this week, but a very odd market out there. Enquired about 6 GTi’s yesterday (very specific in the spec I want), all but 5 “sold in the last 24 hours” back from various dealers.
A result of people not able to buy over lock down I assume? I thought it would be a buyers market and as dead as a dodo....
Dealers not telling the whole truth one way or another (not sure why they would?!).
Anyone else see it differently?
I had this exact same issue when looking for a Golf in November/December, a lot of dealers advertising cars that sold in the last 24 hrs. I was also specific on spec (5 door, manual, no tartan etc).
I personally think they were advertising high spec cars that were sold a lot more than 24 hrs ago, just to get interest.
Or advertising cars they never actually had then when a customer enquires they say sorry it’s just sold BUT we have a similar car just arrived today :grin:
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Oops, forgot to add in my post above.
A couple people I know have approached dealers for car sales and have had auto responses still about the dealerships being shut yet others have been offered unaccompanied test drives so it seems dealer specific.
One acquaintance is trying to buy a BMW and some of the pre-reg’d cars on the BMW website he was interested in are sold, it seems the websites aren’t getting updated as quickly so possibly IT staff working from home with limited access.
Was funny a few weeks ago ringing a breakdown request in for a works lorry and the call handler was trying to fend off his young child so he could take the details down :grin:
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This same conversation is going on on the motorhome forums. Apparently motorhome dealers are overwhelmed with demand now they are open again and prices are sky rocketing, stories of vans selling at £6k over book price. At the beginning of lockdown I was offered a motorhome that I was interested in at a bargain price but the missus decided it was the wrong layout, so I left it, but within a day of dealers opening it was sold. I think confidence has returned to the market now, some people haven't been able to spend over lockdown and have money now to spend.
We've just bought a new Karoq, we got a great deal at the end of May whilst showrooms were closed, not sure how hard they will try now if the market is picking up, but the "headline" deal for PCP's is good if that's your thing....
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You enquired about 6, and all but 5 were sold? So, one was sold?
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Seems that the things people are buying with their disposable income have been fetching silly money lately.
I do like the super detailed "Ultimate Collector Series" of Lego Star Wars sets, and subsidise my hobby by doing a bit of buying stuff in the sales that should prove popular after retirement, and then making a profit down the line. Some of the sets I had in the "for sale" stash has almost doubled in price during lockdown, so I got most of my stash sold.
Similarly with pets. We've been wanting a dog for ages, but held off until our elderly house rabbit died of old age. Prices of pretty much all breeds has doubled and if you don't answer an ad within 30 mins of posting on the likes of pets4homes, you won't get called back because there'll be dozens of respondants.
NonKC/KC Labs were going for £700/1000 before lockdown. Try getting one for less than £1800 now.
The UK population have been in the main sat at home, bored, with a hole burning in their pocket as their leisure spends have dropped off to nothing.
Might be worth waiting until everyone has been back at work for 3 months to see car prices settle down and the flow of used metal to start moving again as people chop in their used Golf GTI MK7s for BMW135 as the MK8 is so ugly!
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Wow, that’s some great feedback everyone, thank you (only one pointing out my deliberate mistake - 5 of the 6 I enquired about were sold :grin: ).
It really does highlight that the economy is in a real unstable position right now. Strange times indeed!
I just don’t know whether to hold off and bide my time or snap something up as soon as I see something. I’ll let you guys know, as only I can make that decision :wink:
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What are you in the market for
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What are you in the market for
Howdy. Am after a 7.5 indium grey, DSG, 5 door, 18” wheels. (Low mileage, history, perfect condition, etc. :wink:)
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https://www.evanshalshaw.com/search/details/volkswagen/golf/automatic-petrol-grey-hatchback-dk18xns/
A mate was looking at this but has chosen an r instead
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https://www.evanshalshaw.com/search/details/volkswagen/golf/automatic-petrol-grey-hatchback-dk18xns/
A mate was looking at this but has chosen an r instead
Thanks man, found this one today too! Will need to call them tomorrow. Did he get hands on with it or just looking online do you know?
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No he just saw it online and sent me the link to get my opinion
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No he just saw it online and sent me the link to get my opinion
Ok cool, thank you.
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I’ve just reserved a Gti after months of searching and keeping an eye on the market.
I thought it would be in tatters after lockdown and i’d be able to get a real bargain-I couldn’t have been more wrong.
When I first contacted the dealer i’ve reserved with,I was told there would be no movement whatsoever-cash or finance,they weren’t bothered-it concluded with the car buying equivalent of a Mexican standoff.
A week of sleepless nights and daily checks to see if it was still for sale later,i crumbled.
The guy I spoke to said it was crazy-sold 19 cars in 2 days.
Just had a good laugh tho,he’s sent me 3 options to pay-cash,pcp and hp,he’s cheekily added Gardx and wheelguard to the invoice-combined cost......£1200.
You can get the full Gardx kit off eBay for £10-20-i’ve politely refused and asked him to amend the invoice.
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Cud b talked into selling mine Possibly
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Might be worth waiting until everyone has been back at work for 3 months to see car prices settle down and the flow of used metal to start moving again as people chop in their used Golf GTI MK7s for BMW135 as the MK8 is so ugly!
I tell you what, the M135 might be better built, and it might be a bit prettier, but I've seen a couple mk8's now and (whisper it quietly) they're actually not quite as bad as you'd think in the flesh.
They have some unfortunately harsh angles and the interior is probably Skoda or even Peugeot (without the latter's flair) but... :whistle:
Just saying! :grin:
I’ve just reserved a Gti after months of searching and keeping an eye on the market.
I thought it would be in tatters after lockdown and i’d be able to get a real bargain-I couldn’t have been more wrong.
When I first contacted the dealer i’ve reserved with,I was told there would be no movement whatsoever-cash or finance,they weren’t bothered-it concluded with the car buying equivalent of a Mexican standoff.
A week of sleepless nights and daily checks to see if it was still for sale later,i crumbled.
The guy I spoke to said it was crazy-sold 19 cars in 2 days.
Just had a good laugh tho,he’s sent me 3 options to pay-cash,pcp and hp,he’s cheekily added Gardx and wheelguard to the invoice-combined cost......£1200.
You can get the full Gardx kit off eBay for £10-20-i’ve politely refused and asked him to amend the invoice.
Unfortunately it was the same after the production delays with the WLTP testing fiasco. There ended up a shortage of fresh car supply and prices buoyed significantly.
It'll be medium to longer term we will see how the market goes once this is all settled.
Right now it's supply and demand and the demand is outweighing the supply.
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Haven't posted on here for a good while but have still followed over the last few years.
I managed to pick up an ex-demo 20 plate TCR at the weekend and after speaking to a few dealers, there were definitely deals to be done (also got a used T-Roc for my wife from a different dealer).
Was a completely different collection experience though, with all the distancing measures in place. Took less than 30mins in both instances!
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Was a completely different collection experience though, with all the distancing measures in place. Took less than 30mins in both instances!
Yeah, I picked up the new Karoq last week. I had to sit in the car park in my p/x car whilst they emailed the sales docs to my phone, and I had to e-sign them out in the car park. Then was basically tossed the keys to the new car in a sealed plastic bag and they shouted cheerio...!
Strange times indeed !
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Was a completely different collection experience though, with all the distancing measures in place. Took less than 30mins in both instances!
Yeah, I picked up the new Karoq last week. I had to sit in the car park in my p/x car whilst they emailed the sales docs to my phone, and I had to e-sign them out in the car park. Then was basically tossed the keys to the new car in a sealed plastic bag and they shouted cheerio...!
Strange times indeed !
Minimal interaction with the salesperson at handover time would suit me just fine.
When I collected my current car, it was from a warehouse unit behind the dealer’s main premises. I didn’t want the ‘grand unveiling’ in the showroom that so,e VW dealers were doing at the time. I’d rather just be given the keys and be able to drive away - after I’ve had a good opportunity to inspect the car thoroughly for any obvious faults, defects or damage.