COVID-19 Impact on Used Falcons?

[zilo]

Originally Posted by baker1

Well I've got a zl fairlane, just looked up what they're selling for and I can only find 1 for sale between Ebay,Carsales and gumtree. Pretty strange I think

that's all good to make assumptions that some cars are getting rarer cause there are less for sale...but...how many businesses are closed at the moment? I tried ordering aluminium from Capral...nope...closed...try getting an exhaust repaired...two week wait....auto trimmer to fix a torn seat...not answering phone...motor cycle wreckers...no answer

the list goes on.....

There will be plenty of bargains when the rot sets in...

hint:jobkeeper ending

[Yellow_Festiva]

Originally Posted by whynot

There was an article in one of the papers a week or so back, where the hypothesis was increased car sales due to people giving up on public transport due to COVID-19. In turn, there was good business in buying a cheap, second/third/fourth hand clunker to get to and from work. The target market price was in the $5-10K vicinity. In my view, this would include Falcon, Camry, Corolla.

Work friend sold an older Camry a few weeks ago. Was worth around $7k, advertised it at $6.7k ONO and sold it in 3 hrs for a little more than the asking price due to the competition.

He thinks he could have got well over $7k had he known he would be flooded with offers.

[nstg8a]

People are flush with early super withdrawals and high govt support.

The crash will happen imho when the stimulus ends and the super money is spent.


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[Citroënbender]

I agree there is likely to be a change in spending behaviour if/when the gravy train slows down.

If that exposes a market with reduced income, depleted assets, reduced employment and overall lower creditworthiness either the financiers will need to launch a new game for propelling new car sales or there will remain a bunch of people who by lack of choice are owning/maintaining povo cars. Which will support wreckers and related black money industry.

[roKWiz]

Originally Posted by guzzis3

So many people tell me nothing is selling atm. They assume this they don't know it, and because of that no one is listing stuff.

Totally agree, I've never sold so many USB truck manuals as I am now. Restorers locked up must be working on them.

[hackney]

Originally Posted by nstg8a

People are flush with early super withdrawals and high govt support.

The crash will happen imho when the stimulus ends and the super money is spent.


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Pretty much,there is a “crash” coming for a lot of people.