Prices at the block

[trade vet 697]

I would say forget CAP,it is way out.Prices will continue to rise for desirable stock.It is not just cars,most things are rising in price,even in Primark. It was pointed out the other day that a new poverty model Clio now costs £12500 and a poverty model Focus £20000 !.Last autumn,I thought most stock was cheaper in value than at any time that I could remember.Last week I was watching some heavy late stuff with highish miles  going through Brum or somewhere.They were very cheap considering the current new price but were making over Cap clean which made no sense.So  decent 10 year old Fiestas doing £2000 is probably about right ?.......anyone disagree.

[twerp 69]

15 minutes ago, tradex said:

It's still the number one topic in the hall around my colleges, to be honest it's killing a lot of dealers I know. It's not as if the cars are flying away and with even smaller margins, well you know.

I have a couple of friends whom specialise and I buy for them, they give giddy prices to satisfy their particulate habits, but even they are struggling to buy.

I will do a tread on an event from earlier this week, but we had some 'civilian dealing's with an Evans Halshaw dealer (it didn't go well) the item in question was 12k and they had £300 across it plus admin etc, trying to do a sort of 'Trade Centre for the public' type thing, 30 day warranty and FA prep', including the two bald tyres. They are working on a numbers game and told us they were doing 200 a month across the two (?) sites, could be bullshit as the DP and his sales team were.....well you know, very pointy shoes 'n silicon suits.

Now, if this is half true, and the big boys are trying this on, there is something sour about this business.

Sad when such an old brand tries to do an 'AutoQuake'

Remember them?

[andymc1973 199]

lots of stockiing loans and cheap money people  who will get the rug pulled soon

[trade vet 697]

10 minutes ago, tradex said:

They are part of Pendragon nowadays I believe?

.....a lot of main agents (and OE's) are hurting. A few of them give this type of thing a go, and then when it goes tits up and the ruckers come a'barking they will give it up, seen it before.

I was really surprised at just how dreadful the cars were prepp'ed (well, they simply weren't) and had to remind the DP it's illegal to offer for sale, or expose for sale an unroadworthy vehicle, which fell on deaf ears judging by the dribbling and shoulder shrugs. We wouldn't sell a grands worth of p/x with such shoddy prep' and nor would the members here I feel.

PS Autoquake doesn't ring a bell?

Sort of reminded me of the old London Trade Centre Shepards Bush, "here it is, so what it's shagged, buy it or f*ck off"

I was speaking to a trader whose son works for Evans Halshaw.He said they just do deals, move metal and don’t like to let people walk and it seems to work.Apparently the good deals more than make up for the bad ones,Pendragon are doing well and they plan to open more used outlets.They get away with a lot,I would imagine local council Trading Standards are not going to take them on,Pendragon PLC will have their own legal dept.

As for Autoquake,they were not car dealers,just ex  college kids with good business degrees .They were able to raise millions from private equity to flog ex lease stuff on line without doing swappers and chucky.I think they lasted 2 years,so did Tesco with a similar idea.

The Trade Centre now called Car Giant,it is still owned by the same people and I don’t think we can criticise them,it is the biggest pitch in the world,doing 40000 a year !

[justlooking 48]

1 hour ago, twerp said:

Sad when such an old brand tries to do an 'AutoQuake'

Remember them?

and they'll be pulling their stock direct from their 'valuation tool' website:

http://www.evanshalshaw.com/sell-your-car/valuation/

 

[grant8064 219]

We've done really well this month.

Usually buy five a week from auction but recently haven't got a sausage because we don't give blood (I prefer it in my veins).

Got two Monday, eleven Wednesday and three privately this week. Seems everyone that went bonkers in Jan/Feb and then had their VAT bill has got their fingers burnt and we cleaned up on some nice, honest stock. Certainly makes a change!

[andymc1973 199]

just back from Manheim Washington, 54 plate clio 182 in silver 2 owners 25k but will need the belts doing to retail as due, £4100 plus the bit out

[Stalker 180]

7 minutes ago, andymc1973 said:

just back from Manheim Washington, 54 plate clio 182 in silver 2 owners 25k but will need the belts doing to retail as due, £4100 plus the bit out

Wow... i thought 15 plate poverty ones were expensive at £7000!

[andymc1973 199]

electrics were on the blink as well

[Cornish Guy 45]

8 minutes ago, Stalker said:

Wow... i thought 15 plate poverty ones were expensive at £7000!

Renaultsport Clio 182. Not your bog standard put put. More fun than the later sports versions.

[metcars 394]

55 minutes ago, andymc1973 said:

just back from Manheim Washington, 54 plate clio 182 in silver 2 owners 25k but will need the belts doing to retail as due, £4100 plus the bit out

Ha, small world I was watching that today. Was anyone actually in the hall?

[andymc1973 199]

yes i was in at 3350

[trade vet 697]

8 minutes ago, andymc1973 said:

yes i was in at 3350

Would have been sold on line.Down in Tradex country it could be £5999 !

[andymc1973 199]

Needed a few quid spending to get that 

Belts a test an oil leak etc

[BHM 994]

The engine was revved at the same time as someone else opened the boot resulting in the dashboard clocks momentarily failing then the traction & service lights illuminated. Vive la France! 

PS I heard cries of FSH from the trade. My definition of FSH isn’t 5 services on a 13 year old car.

3 hours ago, met said:

Ha, small world I was watching that today. Was anyone actually in the hall?

F***ing loads, all fighting for pure shit at top dollar, then add the auction house bit and then drive these shitters out and find why they’ve been traded-in....... Tbh the place is an overpriced scrapyard.

[Ocsltd 133]

Who was the vendor on that 182? There's a dealer that's had a low mileage silver 182 for sale for ages, he's asking daft money for it, and keeps getting flamed, as it's a 'basic' 182 without the cup packs.....

[andymc1973 199]

Lookers, used to be Benfield

[Ocsltd 133]

Here's that other one. 22k miles.....

https://www.ebay.co.uk/itm/Renault-Clio-RENAULTSPORT-182-16V/192217659144?hash=item2cc110b708:g:kdMAAOSwIjJZXdke

[It's me 609]

9 minutes ago, Ocsltd said:

Here's that other one. 22k miles.....

https://www.ebay.co.uk/itm/Renault-Clio-RENAULTSPORT-182-16V/192217659144?hash=item2cc110b708:g:kdMAAOSwIjJZXdke

wow what a spewing advert

[Stalker 180]

4 hours ago, Cornish Guy said:

Renaultsport Clio 182. Not your bog standard put put. More fun than the later sports versions.

Could have been £2000 I wouldn’t have put my money to it. 

[BHM 994]

38 minutes ago, Ocsltd said:

Who was the vendor on that 182? There's a dealer that's had a low mileage silver 182 for sale for ages, he's asking daft money for it, and keeps getting flamed, as it's a 'basic' 182 without the cup packs.....

Well, at £4100 plus the bit I guess there’s going to be another expensive silver one for sale soon.

[metcars 394]

6 minutes ago, BHM said:

Well, at £4100 plus the bit I guess there’s going to be another expensive silver one for sale soon.

Poor old thing will end up 'ramped' on track days

[MrC 142]

1 hour ago, chief runnin bee said:

wow what a spewing advert

CAN ONLY BE A CLASSIC CAR NOW AND GOING UP IN VALUE

JUST CONCOURSE THROUGHOUT,

WOW WHAT A RARE CAR !!!!!!, AMAZING CAR AND MILEAGE

What a knob

[justlooking 48]

4 hours ago, Ocsltd said:

Here's that other one. 22k miles.....

https://www.ebay.co.uk/itm/Renault-Clio-RENAULTSPORT-182-16V/192217659144?hash=item2cc110b708:g:kdMAAOSwIjJZXdke

Might be the same one that was on dealer auction a few months back in broadbridge heath, West sussex