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Are car loans driving us towards the next financial crash?
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Potemkin Villager



Joined: 14 Mar 2006
Posts: 744
Location: Narnia

PostPosted: Mon Aug 28, 2017 11:52 am    Post subject: Reply with quote

Like watching a slow motion car crash? Wink
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1412

PostPosted: Wed Sep 13, 2017 9:54 am    Post subject: Reply with quote

Now time for the inevitable headline:

Zero Hedge: Brits have suddenly stopped buying cars

With all those scrappage deals in place along with cheap finance the market has gone beyond saturation point.
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emordnilap



Joined: 05 Sep 2007
Posts: 13822
Location: way out west

PostPosted: Wed Sep 13, 2017 10:12 am    Post subject: Reply with quote

raspberry-blower wrote:
Now time for the inevitable headline:

Zero Hedge: Brits have suddenly stopped buying cars

With all those scrappage deals in place along with cheap finance the market has gone beyond saturation point.


No surprises there, really. It had to come. No mention of improved car quality: there aren't the rustbuckets around that there used to be; I know loads of people (over here of course) who have hung on to a favourite car for 15 or more years.
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adam2
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Joined: 02 Jul 2007
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Location: North Somerset

PostPosted: Wed Sep 13, 2017 11:05 am    Post subject: Reply with quote

I suspect that a significant number of drivers are considering an electric car, but want to wait a bit before leaping into this.
I know of several people who don't to be the first person within their group of friends and family to go electric. They all want someone else to go electric first !
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Potemkin Villager



Joined: 14 Mar 2006
Posts: 744
Location: Narnia

PostPosted: Wed Sep 13, 2017 11:31 am    Post subject: Reply with quote

raspberry-blower wrote:
Now time for the inevitable headline:

Zero Hedge: Brits have suddenly stopped buying cars

With all those scrappage deals in place along with cheap finance the market has gone beyond saturation point.


I am gutted at the thought of all those unloved shiny new cars sitting there rusting away on sales forecourts. (And few places abroad to dump them either.)

"UK car sales are especially vulnerable to fluctuations in demand because Britain's excess right-hand drive cars cannot be shipped to other areas of Europe, which use left-hand drive models."
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emordnilap



Joined: 05 Sep 2007
Posts: 13822
Location: way out west

PostPosted: Wed Sep 13, 2017 11:43 am    Post subject: Reply with quote

Potemkin Villager wrote:
"UK car sales are especially vulnerable to fluctuations in demand because Britain's excess right-hand drive cars cannot be shipped to other areas of Europe, which use left-hand drive models."


Yeah, the Irish (right-hand drive) love British cars! Always higher-specced than straight Irish sales. There's quite a trade going on here with many a small business shipping over small batches of hand-picked British failed PCPs. And the weak pound makes it even more lucrative.
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 9677
Location: Newbury, Berkshire

PostPosted: Wed Sep 13, 2017 11:43 am    Post subject: Reply with quote

My daughter is replacing a work leased car at the moment and looked at an electric car. Unfortunately that wouldn't be a good idea as it would have to be charged by our 5.8kW generator!! It would be more efficient to run a FF engined car directly although that would be one way to legally run a road vehicle on red diesel! Unlike most people she uses her car for work during the day quite a bit so she couldn't reliably leave it on charge while she was a work. Charging the car overnight would entail running the genny at a time when we normally switch it off and go onto battery power.

Any thoughts, Adam, on the economics, both financial and carbon, of running the genny overnight and charging the car?
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Potemkin Villager



Joined: 14 Mar 2006
Posts: 744
Location: Narnia

PostPosted: Wed Sep 13, 2017 6:24 pm    Post subject: Reply with quote

emordnilap wrote:
Potemkin Villager wrote:
"UK car sales are especially vulnerable to fluctuations in demand because Britain's excess right-hand drive cars cannot be shipped to other areas of Europe, which use left-hand drive models."


small batches of hand-picked British failed PCPs. And the weak pound makes it even more lucrative.


According to Urban Dictionary:-

"PCP Also known as angeldust. Probably the scariest of all drugs. Was used as a horse tranquilizer. Makes the user hallucinate, become extremely violent, and not feel anything. People have been known to do horrible things to themselves while under the influence of PCP. DO NOT USE PCP. DO NOT. IT WILL RUIN YOUR LIFE."

You have been warned.
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If the heat trapping gases were removed from the atmosphere the warmth of our fields and gardens would pour itself unrequited into space and the sun would rise upon an island held fast in the iron grip of frost. John Tyndall
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emordnilap



Joined: 05 Sep 2007
Posts: 13822
Location: way out west

PostPosted: Thu Sep 14, 2017 9:34 am    Post subject: Reply with quote

Potemkin Villager wrote:
emordnilap wrote:
Potemkin Villager wrote:
"UK car sales are especially vulnerable to fluctuations in demand because Britain's excess right-hand drive cars cannot be shipped to other areas of Europe, which use left-hand drive models."


small batches of hand-picked British failed PCPs. And the weak pound makes it even more lucrative.


According to Urban Dictionary:-

"PCP Also known as angeldust. Probably the scariest of all drugs. Was used as a horse tranquilizer. Makes the user hallucinate, become extremely violent, and not feel anything. People have been known to do horrible things to themselves while under the influence of PCP. DO NOT USE PCP. DO NOT. IT WILL RUIN YOUR LIFE."

You have been warned.


Heh heh. A judgemental dictionary!
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