Paul C

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Everything posted by Paul C

  1. Its not Joe Public its the test & trace which has failed. In theory, this is the solution: 1. Get the baseline cases down to a low enough level so that test & trace works properly 2. Aggressively track the new cases (via test & trace) so that restrictions are very localised and targeted, leaving the rest of the country in relative normality The system hasn't worked though, so the restrictions were great swathes of the country rather than being focused and localised. 11 days to get a test result back is useless. They were hoping and crossing their fingers but in the meantime its gone up and up again (viruses do that....) so another harsh national lockdown is needed sooner or later. May as well be sooner so there's a glimmer of hope that Xmas isn't affected, because if it runs into Xmas about 0.05% of people would actually comply with a "don't meet in households" restriction.
  2. Non-essential retail can stay open but local authorities have the power to optionally rule that certain places should close, eg casinos, hairdressers, etc I doubt if they would impose that non-essential retail - eg car dealers/showrooms - would close, given that the main focus is to keep people going to school and working. Its more about shutting pubs, stopping people socially meeting up etc Wales is different.
  3. I am guessing, about 1,000,000* cars will have this type of entry on their MoT record. So, no, it won't raise suspicion its been clocked, it will become a familiar sight for those who are checking. *Very rough guess
  4. That's my understanding too - if you've been in close contact with someone with Covid, you should self-isolate. If its a further step (or more) away, no need. The reason being, the person with Covid19 could have passed it on very easily. But without the receiver having any symptoms (ie sneezing etc) they're able to incubate it (and maybe go on to develop Covid later) but not transmit it. So onwards people are much less likely to have caught it off the receiver. Of course, its down to timing too - if its been a number of days; and the receiver is asymptomatic but also a spreader (which is unlikely but possible) they could be capable of spreading it. The "test" isn't a sure way to properly know if someone has Covid (because it can't sense minutely small quantities during the incubation phase) and having symptoms or not, isn't a sure way either (because some people can have Covid but be asymptomatic; or have a different virus eg cold/flu/similar). Its all a bit of an unknown but it always is, in epidemiology.
  5. Its a balance though? Your mum going round for dinner doesn't do anything for the economy? But going to work does. How would you feel if you caught CV at work then gave it to your mum and she died? That's what they're trying to stop. This is a weird, new disease which is very dangerous for some; and asymptomatic in others. You don't know if you get it, and you can't get tested quick enough because its physically impossible to just magic the capacity/capability of the testing infrastructure from thin air. Sure its a shambles, everyone's guessing and nobody fully understands it. I'm sure we can all blame something or someone else. Apologies if it comes across a bit blunt, but there's a sense of frustration that we shouldn't actually be where we are today. I don't know what the solution is, I wish I did.
  6. I don't get it, starting a rumour of a scrappage scheme just creates uncertainty in the market and some punters pausing their purchase??? If/when further restrictions come in, the car industry is well down the list of sectors of business the government will help.
  7. I enjoyed the one where the seller (I think he was American) said, in a somewhat deadpan tone, "the price is $xxxx, if you don't pay it we'll part as friends". I often use that approach myself. Asking for the keys back and going into the office normally illustrates the point well, if the words weren't clear enough.
  8. If anything, you could make it a USP that your cars come with 1/4 tank of fuel. It would be pretty unique.
  9. Worth getting legal advice on. I think (not sure) you are obligated to offer any new positions internally for a set period of time (before you can advertise them externally), to those being made redundant, above a certain size/number of redundancies. You can't just assume they wouldn't want that job (maybe with a pay cut), you need to go through the proper process of evaluating their skills and experience etc.
  10. Just do what everyone else does and leave 1 egg cup of fuel in it.
  11. Anywhere between 0.1-0.5% of the people bidding? Of course they're happy for people to never visit and bid online, it saves so much in not needing to deal with customers in person. It was (broadly) demonstrated a decade ago when eBay took off, people are happy to offset the convenience of shopping/transacting remotely even with the downsides of lower quality, no opportunity to inspect, etc etc. Strategically I bet all the auction houses have been wanting to do this for ages and it was something of a case of "1st one to jump might lose out". Covid has changed all that, they've advanced years ahead in their plans and I doubt if there's any momentum in going back. It seems there's plenty of traders happy to transact online and take the negatives too.
  12. Is it the system similar to eBay, eg an item is getting bid on around the £5k mark, you put (say) £6000 in but it bids automatically £5100 £5200 £5300 etc according to the bid increment up to the max? Or is it that your bid is the amount you pay and you can exceed the bid increment if you want to; or are limited by only being able to bid the current+increment amount? If its the former, there's an opportunity for the auction to fiddle it by running it up nearer (or reaching) your max. eBay doesn't do it - can you imagine the commercial suicide if they did and it were discovered - in fact they show the bid history to show how the auction was run. If its the latter, it just sounds like there is some kind of lag in between the system running/tracking the bidding and you finding out. It might be a badly designed system which doesn't degrade gracefully when resources eg network speed or latency reach the limit. Or, just too many bidding at once to make it viable.
  13. The announcement was made today; all in all, it was a pretty mild and unsurprising ruling, shame its been delayed so long: https://www.bbc.co.uk/news/business-53567495
  14. What kind of parking notice? Council? Public land? etc The rules are different depending. Its not really my area so I can't really help but there's a lot of resources on the internet eg Pepipoo, and a lot of bad advice too!
  15. There's that many good YouTube channels that now it would be difficult to find a niche - its effectively a saturated market, just like so many others. The better ones have a good, almost professional ability to present to the camera and slick video editing (which takes ages!) and post regularly - its almost a full time job in itself. And, its necessary to keep producing new content, at least weekly. So the ones with loads have subscribers have earned it (and work for it), sure there's a handful of people who have done really well (Doug Demuro, Hoovies Garage etc) but for the others its pretty much a normal job.
  16. Temporary: supply is down (a lot), demand is up (due to built-up demand) --> prices rise Long term: demand will pass thru normal then be down (a bit, or a lot, depending on how the recession pans out); supply will either match demand or go up --> prices fall Its getting to the point, it might actually make financial sense for dealers to put their cars BACK into auction, because they'll make more now at auction, than their current or future retail value. It is indeed irrational at the moment.
  17. I came across an article the other day about Wheeler Dealers. They analysed the cars they did, and included work which hadn't been mentioned in the programme etc (and also where some other savings were made). They concluded that while the figures put on the screen towards the end of the show were broadly true, once you look at the time spent, Mike and Edd would make about £5500/year salary (ie £11k/year between them).
  18. In theory, with increasing/decreasing DiC commission barred, the "market" would function better and so long as enough lenders stay in the business, would result in generally lower interest rates for customers. I believe the finance companies themselves (with a few exceptions*) won't suffer much at all with the FCA-imposed changes in the summer, because they are carrying little blame. The main miscreants were the dealers who sold the inappropriate (interest rate of) finance; the lenders were somewhat guilty of lack of oversight though. * There are a handful of manufacturers who were/are sufficiently big, that they ran their own bank/finance, eg Renault (RCI). I don't think we'll reach the situation where lots of lenders pull out of car finance. I think more likely, there will be a general downturn in 1) the number of cars sold (in total, new & secondhand), 2) the average amount financed per car, 3) the proportion of cars bought on finance. But I think the existing lenders - most of them - will be happy to continue to operate in a smaller overall market. Car finance is still pretty good, compared to other types eg mortgages, credit cards, business lending.
  19. Indirectly related, but be aware of this: https://www.fca.org.uk/publication/multi-firm-reviews/our-work-on-motor-finance-final-findings.pdf (gory details), https://www.fca.org.uk/news/press-releases/fca-acts-protect-those-buying-motor-finance (summary) and also your requirements under CONC (full details here https://www.handbook.fca.org.uk/handbook/CONC.pdf) For sure, there is going to be increased public awareness of motor finance and I suspect a lot of high-end dealers and car supermarkets making a number of changes. Basically, don't look at making extra money on finance at the expense of the customer!
  20. If you can weld and fix carburettors (not at the same time!!!), there will always be something for you.
  21. I've always been into classics and it sounds like a fun idea. However, renovating/restoring classic cars is a bit of a rabbit's warren. Little things can take months and months due to parts non-availability, or people selling secondhand parts "take the piss" with prices because they know its rare etc. IMHO only really on the upper-end stuff do you have a chance of making decent money. Also....not sure I'd buy ANY 90s MG.....they stopped the Midget and MGB/MGC in 1979-80, there's the MGF but then we're into MG Montegos and other stuff in the 90s...
  22. I've heard some dealers/car supermarkets charge an admin fee which is 'waived' if you take their own finance out? Sounds incredibly dodgy......
  23. Supermarkets (the ones I know) aren't selling to subprime customers. They tend to prefer the stuff that didn't make the grade for franchise dealers but is still new/low mileage. And in any case, subprime aren't really the issue - this one is to do with Increasing DiC commission models which were predominantly sold to middle profile customers. There are some decent graphs in the FCA report.