I ought to expand on this...
Trade prices haven’t altered (no one is trading). WBAC & BCA have suspended trading. Cap hpi who collate figures aren’t releasing any CAP figures til June. Prices through this lockdown will remain constant, no point in reducing prices as we aren’t allowed to hand a car over, although we can arrange a sale and deliver it when the law permits.
I cant help but feel that "cash will be king" in the car market a few months from now.
The industry will not resemble what it is now.
Dealers wont be selling any stock for months- they'll be desperate and on their knees.
Current owners of the majority of cars are likely to be handing them back due to financial circumstances - resulting in massive over supply.
Finance, PPI, Leasehold deals, bank loans etc will be virtually non-existent- credit is collapsing if you haven't figured.
Many car manufacturers will possibly have collapsed too.
That gives cash buyers massive selection and bargaining power- make a stupid offer, walk away.
Very few buyers will come along behind you.
That said, I'll take the Velar, massive spec and waft around- may even take it down the beach. If i'm lucky I'll pick up a GTS too....Oz tariffs wil be lifted.