« Reply #2 on: 10 June 2020, 16:07 »
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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‘25 8.5R, ‘23 8R, ‘20 8CS, ‘19 135iX, ‘19 TCR, ‘17 Ed40, ‘17 GTD, ‘15 7R, ‘13 GTI PP, ‘11 GTI, ‘09 GTI, ‘98 Ibiza Cupra, ‘05 GTI, ‘06 Polo GTI, ‘04 GT TDI, ‘05 Fabia vRS, ‘02 GTI T, ‘03 Ibiza TDI 130, ‘01 Leon 180, ‘89 mk2 16v, ‘99 Ibiza TDI, ‘96 VR6, ‘98 Ibiza TDI, ‘92 VR6, ‘88 mk2 8v, ‘92 Polo G40, ‘91 mk2 8v, ‘89 mk2 8v, 205 GTI 1.9, ‘83 mk1 GTI, ‘80 Scirocco GTI, plus some others I’ve forgotten
