In the UK demand is now beginning to bounce back with the vaccine rollout. Manufacturers will have reduced production - partly forced by Covid logistics and supply constraints, but also not wanting to build potentially unsaleable stock. Used car prices rocket as demand spirals - Terry WĬar sales since March 2020 are lower than in previous years. Public transport outside of big cities is very poor and nothing seems to being done about it The present GOV say that the others have no policies well I see nothing in the present lot either other than spending as though it had just been invented, borrowing like it expects everybody else to do to survive. Companies are buying new EVs and hybrids because of the benefit in kind tax allowance and if it is believable largely running on diesel/petrol so the ordinary folk are in effect subsidising this "progress" Cars are the fastest way to lose money other than dropping it in the street so the longer you hold onto your purchase the slower rate you loose money so people driving the 8year old cars are either very wise or getting priced out of cars which is where I think we are heading unless prices get more sensible. Prices of ICE have rocketed for the only reason I can see is market forces generated by the EV largely talked up demand. Just an observation, I visit Autotrader frequently and about 2monthe ago they were lisiting over 500k cars today there are only 400k Looking at garage forecourts they appear to be as crowded with stock as usual. Used car prices rocket as demand spirals - sammy1
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