What shape will the car industry be in after all this?

[Wattie]

You are a day trader and best of luck with it as it's a hard game and many struggle with it. As for anything long term we are unlikely to agree as you just keep posting links to lots of people who are trying to drive the markets down more than likely because they have shorted everything from here to the moon and they reply on people like you re-posting stuff to - hopefully - help fulfil their aims. The reason markets are not reacting as you want is that this is not a demand side recession, it is an intentionally created supply side cessation of activity to deal with a public health crisis. Drawing parallels to what happened in 1929/30, 1973/74, 1981/82 and 1991/92 will produce the wrong outcome for investments as it is based on the wrong inputs.

I’m not a day trader.
Someone thought I was.
I’m a qualified individual who amazingly has questioned that adding more debt to already unrepayable debt, isn’t a solution.

 

[ChrisQP09]

If irish car sales are anything to go by, only 300 cars were sold in the last 6 weeks!

 

[dickygrace]

If irish car sales are anything to go by, only 300 cars were sold in the last 6 weeks!

Different rules in Ireland, lockdown is tighter.

 

[DaveT]

I'm surprised why anyone would pay an expert for financial, market or business advice when the experts are all on here - and the expertise is free.

 

[Wanderer]

Different rules in Ireland, lockdown is tighter.

I remember the last big hurricane in Ireland, 2018, my landlord knocked on my door and said, quick, cos of the storm Supervalu is closing at 12:30 and there's nothing left in the off-licence....

You can rely on the Irish to empty the offy at any given slight issue.....

Hurricane was pathetic BTW

 

[ChrisQP09]

I remember the last big hurricane in Ireland, 2018, my landlord knocked on my door and said, quick, cos of the storm Supervalu is closing at 12:30 and there's nothing left in the off-licence....

You can rely on the Irish to empty the offy at any given slight issue.....

Hurricane was pathetic BTW

Genuinely laughed because being half Irish, I know it’s so true

 

[MRichards]

"and the expertise is free" May I remind you of one of the rules of the Universe,to wit, Free advice is only worth what you paid for it. Amen ?

 

[Rwc13]

You are a day trader and best of luck with it as it's a hard game and many struggle with it. As for anything long term we are unlikely to agree as you just keep posting links to lots of people who are trying to drive the markets down more than likely because they have shorted everything from here to the moon and they reply on people like you re-posting stuff to - hopefully - help fulfil their aims. The reason markets are not reacting as you want is that this is not a demand side recession, it is an intentionally created supply side cessation of activity to deal with a public health crisis. Drawing parallels to what happened in 1929/30, 1973/74, 1981/82 and 1991/92 will produce the wrong outcome for investments as it is based on the wrong inputs.

^This. Markets go down, gold goes up. The Russians and certain others win

 

[alfatwo]

Somebody mentioned a new scrappage scheme is on the agenda..
You never know, you could get a few grand for old Maser and swap it for a nice brand new Peugeot 308!

Dave

 

[Wanderer]

The French did the Facel Vega too, Ringo Starr had one

Also noted French impenetrable author Albert Camus was killed in one...

 

[conaero]

Well, back to the topic, I predict some cracking lease deals. I do fear for Maserati though, it’s going to be a tough sell.

 

[rockits]

The way cars are continuing I think I'll want to walk everywhere soon

 

[philw696]

An interesting read.

Warning of mass redundancies in sector if furlough ending not tapered – Car Dealer Magazine

A cliff-edge ending to the government’s furlough scheme would result in mass redundancies across the sector. Experts have warned that if the government

cardealermagazine.co.uk

 

[MaserAndy]

Car Registrations

SMMT is the country’s primary source of data on the motor industry. Click here for the SMMT car registrations data published monthly

www.smmt.co.uk

Car sales in april are down 97% against this time last year. 4000 units against 160,000. Don't know what this tells you about the long term but they are quite startling figures.

 

[allandwf]

Car Registrations

SMMT is the country’s primary source of data on the motor industry. Click here for the SMMT car registrations data published monthly

www.smmt.co.uk

Car sales in april are down 97% against this time last year. 4000 units against 160,000. Don't know what this tells you about the long term but they are quite startling figures.

The 4000 are probably the ones that would normally be bought outright

 

[alfatwo]

Personally, I wont be missing JLR if they go under, they never ever got the message...
They only make expensive large sheds on wheels now nobody wants or poor quality high priced saloon cars that nobody want either!

Dave

 

[Trev Latter]

I reckon a fair few of those 4000 new registrations will be demonstrators registered to the dealerships as it doesn't look like the figures in the article take that into account.

 

[tokyomb]

A striking chart from an article in The Economist (April 25 edition) - From 60 to zero - The world’s car giants need to move fast and break things (paywall):

Fiat's (and therefore Maserati's) position doesn't look great based on that - although at least the credit markets think their position is better than Ford!

 

[alfatwo]

A striking chart from an article in The Economist (April 25 edition) - From 60 to zero - The world’s car giants need to move fast and break things (paywall):
View attachment 69612
Fiat's (and therefore Maserati's) position doesn't look great based on that - although at least the credit markets think their position is better than Ford!

Great, if you lot have any cash in you back pocket.. equally Its not a very good idea nowadays if you live your lives on the knock!

Just a thought

Dave

 

[Oishi]

Ok, crazy times but lets say dealers/ manufacturers decide its better to sell at some price, and keep the prod. lines going, and offer something like 50% off, what would you buy?