Member Since: 11 Jan 2005
Location: Shropshire
Posts: 18296
Bucking the market trend with sales
Shukers (my local main LR dealer) announced that their sales in used vehicles have increased 40% over the last 3 months and they now have a short fall in used car stock.
The current trend nationally for used 4x4's is in decline... so I would guess that being a rural dealer and a very good dealer for sales and service... they are seeing some good business in return.
People obviously recognise that good value can now be obtained in the 2nd hand LR market even in these difficult times.
There is still a lot of interest in Freelander and Discovery too.
They stressed that they will continue to commit sponsoring local shows too.
So things are not all bad if yer a good dealer
17th Jan 2009 11:55 am
Disco3newbie
Member Since: 26 Oct 2008
Location: Scottish Borders
Posts: 605
Farnells also seem to be moving used D3 and FL2. There twice before Xmas and each time there was a loader offloading D3's (all black 07plates) or FL2's
17th Jan 2009 12:21 pm
Zermatt Vulgaris
Member Since: 12 Jan 2009
Location: aberdeenshire
Posts: 511
Seems to be the case from my experience of buying one last week, certain pockets of the country dealers reported lack of stock and the guy i've used in Farnell Guiseley said they'd had a very busy January .
I was in Colliers Birmingham last week and the forecourt looked very barren, I'd guess there was about a dozen used cars there rather than the 30+ usually on show,Too much intellectual firepower can damage your common sense.
17th Jan 2009 2:59 pm
Pelyma
Member Since: 06 Jan 2005
Location: Patching, Sussex
Posts: 15496
I've heard a few dealers say sales have been ok especially on second hand stuffDS3 TDV6 HSE - Silver with Alpaca (old one) Gone
DS3 TDV6 HSE- Silver with Alpaca (new one) Gone
D4 HSE Lux - Montalcino Red Gone
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17th Jan 2009 4:30 pm
741hcr
Member Since: 12 Apr 2007
Location: Usually in front of the PC
Posts: 175
Stratstone in Cheltenham also have very few used cars avaialble. I assumed it was as a result of reducing the capital tied up in stock but as per previous reports, they too said used car sales in December and January had been very good and the problem was getting good used vehicles to sell.
17th Jan 2009 4:53 pm
WTO
Member Since: 13 Dec 2008
Location: Noth Yokshire
Posts: 16
In purchasing an 8 month old XS in November the sales guy at the local dealership was very open in saying that as new vehicle sales were few and far between they had adopted a policy of selling good used vehicles at keen prices in order to survive. This was proving to be very effective. On the weekend that we purchased our vehicle they sold six cars and they were on the outlook for more. They were looking for customers who wanted to sell cars for cash as their usual sources of near new vehicles had dried up. They had also extended their limits on age and price of used vehicles in stock with for example a mint condition 2001 Defender on the list which had sold by the time we collected our car.
In revisiting the dealership recently I noticed that the stock compound was only half full. The inside of the showroom had a high proportion of used cars on display with a manager's special in the spotlight. Our sales guy again mentioned that their biggest problem was securing enough secondhand vehicles to sell.
Following on from this I also notice in the various car supermarket advertisements that there are few LR or RR vehicles listed which would reinforce the shortage comments.
17th Jan 2009 5:47 pm
TazDaz
Member Since: 07 May 2007
Location: South East Essex
Posts: 2858
I went to Beadles Sidcup last week and their used stock was a lot less than normal - they also told me new sales had 'not been as bad as expected' whatever that might mean
Not really on-topic but I seem to feel there are a lot of 'new' D3 owners over the last month or so joing the site and also quite a few enquiries on here for used vehicles.
17th Jan 2009 7:56 pm
character
Member Since: 31 Dec 2007
Location: wiltshire
Posts: 5781
I guess one of the reasons is that the dealerships, coming to the end of the financial year (for most dec) have effectively "written off" a certain percentage of money on what second hand stock they have, thus being able to offer very attractive deals on nearly new vehicles in Nov/Dec/Jan.
An example of this was one of my german sports car franchised dealerships wrote off £52,000 on their used car stock in Dec and of course are now feeling the effects of dwindling stock to buy.
Another factor is also that the most "ex-management" cars came through the dealership network around the same period, often discounted anticipating a continued slowdown as all dealerships reported for Sept/Oct.
Even my premium sports car dealerships are reporting brisk buisness for Dec/Jan on nearly new and up to 4 year old stock.
So in summary, if yer in the market to buy a new disco3, you've missed your slot, good news is that in around late Feb dealerships will be able to tap in to "pre-registered" 58 platers with delivery mileage only that the manufacturer has registered and will be selling off to the dealership networks around March/April/May, so be patient and watch the dealership forecourts for increased vehicle numbers BUT PRICES WILL BE FIRMER
18th Jan 2009 10:46 am
Dexter
Member Since: 21 Sep 2007
Location: Aberdeenshire
Posts: 1394
Aberdeen dealer (T&C) ran an article in the local Depressing Journal that they too were experiencing very high sales for the time of year. They have a used car 'sales event' on this week and a lot of the 3 - 18 month old D3s they had advertised are marked as sold. I enquired about a 58 plate SE auto which was stickered at £28k but it had alreday gone.
Dex.
22nd Jan 2009 3:13 pm
stevejhunt
Member Since: 26 Sep 2008
Location: Castleford
Posts: 129
Isn't this whole thing part of the issue with the Credit Crunch? Consumer confidence and access to cheap available credit has fallen as a result of the banking crisis and so we don't/can't spend ergo prices fall as Retailers try to maintain cash flow because banks won't lend to them either. Consumers with the wherwithal to access funds move in when they believe the optimum purchase price reduction has been achieved.
Many consumers have become heartily sick of losing thousands on new car purchases and now look for someone else (business?) to take the initial hit on depreciation and buy a pre-loved warrantied vehicle that's had all the gremlins ironed out.
I for one seemed destined to another used Freebie until the market slumped and I was able to get into a D3 for the same money.
Like others I've noticed the number of used vehicles on my local dealers forecourt has dropped considerably since Xmas.I don't want to belong to any club that would have me as a member...........
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22nd Jan 2009 4:08 pm
SN
Member Since: 03 Jan 2006
Location: Romiley
Posts: 13710
stevejhunt wrote:
Consumers with the wherwithal to access funds move in when they believe the optimum purchase price reduction has been achieved.
Correct - speaking to GS Stockport this week they did say they thought that perhaps you wouldn't see prices/deals around again as good as right now. LR cutting supply to the UK market (but overall production being held up by other markets) would see demand start to strip supply and prices would fall no further (or even better)Steve N | 21MY Defender | 08MY Discovery 3 (history) | 06MY Discovery 3 (ancient history)
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but it had alreday gone.
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