06-06-2020, 02:03 AM | #1 |
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Any Signs of Panic?
Anyone spotted any noticeable improvement in the deals being offered by dealerships at this time to try and get vehicles moving again, over and above the usual C2C type numbers? BMW or any marque really.
Was talking to a couple before lock-down - BMW & Land Rover. Naturally all went quiet and they stopped responding. I was in no rush, just planning ahead for a September purchase, but if they're chucking money at you to take the cars away, it could be worth bringing it forward.
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06-06-2020, 04:30 AM | #3 |
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06-06-2020, 05:06 AM | #4 |
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I don’t know what kind of deals are usually available, but when I bought my G20 two weeks ago it had dropped over £10,000. I’m not sure what the original list price was, other than it was over £40,000 as I’m paying the higher rate road tax, but they had it advertised at £29,500.
This was a pre-reg wearing a 69 plate, but only 14 miles on it. Mineral white 320i M Sport with the M Sport Plus and Comfort packs fitted. |
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06-07-2020, 03:42 PM | #5 |
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I have been talking to a well known BMW dealer group sales manager and he said that business has been brisk the past couple of weeks. However, If there are to be any incentives be it finance or model specific incentives then the begining of July, quarter 3 will be the time to look.
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06-08-2020, 02:34 PM | #6 |
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No sign yet. Broker sites are still a rubbish 17% off. There are a few pre reg m340i tourings around from Jan and Feb, delivery miles and all seem to have the comfort, lighting and tech packs. They are around the 42k mark so reasonable price from list but obviously less warranty and high pre reg apr.
As mentioned im waiting to see what the q3 a apr is first. |
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06-13-2020, 07:13 AM | #7 |
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Definitely no signs of panic whatsoever. Seem to be flying off the forecourts at elevated prices.
I've been looking for 6-12 month old G20 since beginning of this year, and the used prices are currently at the highest peaks I have been monitoring. New prices - no chance of a good discount at all. A couple of low spec SE models at reasonable prices, that's about it. |
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06-13-2020, 08:01 AM | #8 | |
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Lets see what incentives Q3 brings on 1st July |
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06-20-2020, 02:20 AM | #10 |
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Yeah, spoke to the Dealer Principle of a local group last night, and business is brisk. I think I got excited with the news under lock-down that manufacturers were struggling and that it might translate to some sweet, sweet deals!
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06-20-2020, 05:58 AM | #11 |
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I think it might be a case of waiting to see what sort of deals Q3 and especially Q4 bring. Personally I'm not convinced the likely economic reality of the post-Covid19 world has hit home with everyone as yet but if (when?) it becomes apparent later in the year that we've got major problems I can see demand falling and deals being improved to keep sales going. Historically I think Q4 has always been a good time to buy anyway but I suspect that could be even more the case this year....
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06-20-2020, 06:45 AM | #12 | |
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08-20-2020, 07:30 AM | #13 |
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Guardian newspaper today reporting jump in New and Used car sales July 2020.
Looks like I will be stuck with my F30. New G20 320i SE is now 30-35% more expensive than what I forked out 5 years back. Shame that wages haven't gone up by the same amount. Obviously BMW are raising prices at well above the UK inflation rate of 2% per annum. Of course, some would say the G20 is a far superior car. |
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