Incredibly as it may seem, prices on new cars are continuing to rise quite dramatically despite the manufacturers all still struggling for sales!
The reasons are unclear but probably due to the exchange rate and rising costs of metal etc. But whatever reason it's certainly not helping. Word on the streets is that dealers are again beginning to struggle despite the success of the scrappage scheme.
It's also having a knock on effect on used car sales of course, with really high prices now even being achieved on eBay and at car auctions - really hard to pick up a bargain now!
On a brighter note the scrappage scheme has already seen sales of over 60000 - so that's 60000 fewer old bangers on the road now. Still have mine of course....
Sunday, 12 July 2009
Monday, 25 May 2009
Scrappage Scheme
The scheme is fully up and running now and proving a big hit with some manufacturers - mainly the ones producing the smaller cheaper cars.
The criteria is that the car must have been registered in your name for at least a year, it must have been registered on or before August 31st 1999 (ie. up to T reg), it must either have a valid MOT at the time of ordering the new car or have one that expired no more than 14 days previously. It must also have a valid road tax disc at the time of order.
The supplying dealership must organise the scrapping of your car now which means either taking your car into the dealership or having it collected 3 days prior to the new car delivery by a company that specialises in the scrappage scheme, such as CarTakeBack. You are no longer allowed to scrap the car yourself.
You will need to take photocopies of your V5, MOT and Road Tax disc before scrapping the vehicle.
The criteria is that the car must have been registered in your name for at least a year, it must have been registered on or before August 31st 1999 (ie. up to T reg), it must either have a valid MOT at the time of ordering the new car or have one that expired no more than 14 days previously. It must also have a valid road tax disc at the time of order.
The supplying dealership must organise the scrapping of your car now which means either taking your car into the dealership or having it collected 3 days prior to the new car delivery by a company that specialises in the scrappage scheme, such as CarTakeBack. You are no longer allowed to scrap the car yourself.
You will need to take photocopies of your V5, MOT and Road Tax disc before scrapping the vehicle.
Tuesday, 7 April 2009
Scrappage Scheme
It looks like the government may introduce a scrappage scheme in line with other EU countries.
It has proved an enormous success in Germany with record breaking sales.
Citroen have this month introduced their own scheme which, although limited, has already generated a huge amount of interest.
Scrappage basically involves having your old car scrapped at an authorised facility and receiving a certificate of destruction in return - which can be exchanged for a £2000 voucher towards the purchase of a new car.
There are criteria of course:
The car must be older than January 1st 2000
It must be roadworthy at the time of scrapping - insured, taxed, mot'd
You must have owned it in your name for at least 1 year and the name and address on the V5 must match the name and address for the new car registration.
The Citroen scheme is already doing very well so no doubt will be copied by others....
It has proved an enormous success in Germany with record breaking sales.
Citroen have this month introduced their own scheme which, although limited, has already generated a huge amount of interest.
Scrappage basically involves having your old car scrapped at an authorised facility and receiving a certificate of destruction in return - which can be exchanged for a £2000 voucher towards the purchase of a new car.
There are criteria of course:
The car must be older than January 1st 2000
It must be roadworthy at the time of scrapping - insured, taxed, mot'd
You must have owned it in your name for at least 1 year and the name and address on the V5 must match the name and address for the new car registration.
The Citroen scheme is already doing very well so no doubt will be copied by others....
Tuesday, 17 March 2009
Massive Price Rise!
This could spell disaster in an already shaky situation for many dealerships across the country.
Despite sales being at an all time low for most manufacturers the drastic fall in value of the Pound has meant that they have been forced to introduce huge price rises for April.
In any normal year you can expect prices to rise between £100 and £400 at a time or even fall some times.
This April Ford have announce upcoming rises of up to £800 and Vauxhall have announced rises of up to £1000!
So the message has to be - buy a car now whilst you can!
Despite sales being at an all time low for most manufacturers the drastic fall in value of the Pound has meant that they have been forced to introduce huge price rises for April.
In any normal year you can expect prices to rise between £100 and £400 at a time or even fall some times.
This April Ford have announce upcoming rises of up to £800 and Vauxhall have announced rises of up to £1000!
So the message has to be - buy a car now whilst you can!
Wednesday, 18 February 2009
Now's The Time To Buy!
There's never been a better time to buy a new car - I know we've all heard that one a thousand times but it really is true this time!
Obviously car sales are at an all time low and hence the discounts are huge but many are either buying nearly new now or holding off hoping for even bigger discounts.
Firstly, their is unlikely to be any further discounts now as most are being sold at cost price already and the problem is that the worsening exchange rate and rising cost of metal is forcing manufacturers to actually raise prices even though they know it's the wrong thing to do.
Secondly, dealerships have now cottoned on to the fact that many potential new car customers have now switched to buying nearly new and so consequently you can see them all now at the auctions buying up as much stock as possible and paying premium prices - used car prices are now fetching retail values at auction!
This has swung the whole thing over again and I'm now seeing many nearly new cars being sold for the price that you could pretty much buy a new one for!
So that's why it is a great time to get yourself into a new car - take adavntage of any low rate finance deals too of course!
Obviously car sales are at an all time low and hence the discounts are huge but many are either buying nearly new now or holding off hoping for even bigger discounts.
Firstly, their is unlikely to be any further discounts now as most are being sold at cost price already and the problem is that the worsening exchange rate and rising cost of metal is forcing manufacturers to actually raise prices even though they know it's the wrong thing to do.
Secondly, dealerships have now cottoned on to the fact that many potential new car customers have now switched to buying nearly new and so consequently you can see them all now at the auctions buying up as much stock as possible and paying premium prices - used car prices are now fetching retail values at auction!
This has swung the whole thing over again and I'm now seeing many nearly new cars being sold for the price that you could pretty much buy a new one for!
So that's why it is a great time to get yourself into a new car - take adavntage of any low rate finance deals too of course!
Friday, 16 January 2009
New Year Deals
It's a strange time with dealers desperate to sell new cars but manufacturers seemingly not helping by putting prices up!
It's because of the exchange rate and the price of metal rising of course.
So January is the time to order, even if you want the new 09 reg in March. Most deals are price protected.
It's because of the exchange rate and the price of metal rising of course.
So January is the time to order, even if you want the new 09 reg in March. Most deals are price protected.
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