USED CAR SALES ARE DEAD - WHAT IS GOING ON ?

[@billakis2000]

They are too expensive. car insurance is also out of control, mine almost doubled for no apparent reason, im doing only 3000miles per year and have never had a claim...

[@pawel7196]

I had my first car in UK for 2.5 years now. First year was 808, second year was 880 and third was 1.5k. After I called them and asked to cancel auto renewal before it goes through, they lowered it to 920 because this is what competition could offer. I still pay more and more despite almost 15k miles covered without a claim during that time but at least it's not 1.5k It's what they do - hope you won't bother to shop around. Not saying you didn't - sometimes it indeed don't work

[@fredflintstone1428]

Read my reply.......our insurance have gone up to subsidise the move to everybody leasing their car.

[@GT380man]

Seriously the authorities intend to push all of us out of privately owned powered transport. UN2030 plans they’ve signed us up to without our knowledge or consent.

[@loc4725]

@@pawel7196 For me the group 5 (small car, 75bhp) is ~£180 where as the group 17 (family car, 140bhp) is ~£400. Prices went up pretty sharply post-COVID as did the profits of insurance companies (I buy shares so the rising share price & dividend payments is pretty obvious), but to be completely fair the insurance does seem to be coming down now.

[@Unknown24182]

My insurance as gone down, only £850 a year, with 8 years no claims, currently in a 73 plate 😂

[@mrpugster]

The UK is FFUUUUUUU******KED. Insurance, new car prices, fuel/energy....we're heading down the shitter for sure.

[@edc1569]

More expensive in any other country tho.

[@BobBuilder-mq9wr]

House prices are set to boom also :( , all them people piling in

[@01bogwoppit]

No food later on this year because the farmers are struggling with the weather . Everything is about to get a lot more expensive

[@nooboftheyear7170]

@@mrpugsterexpense will keep shysters away or get rid in the long run. But we've weqthered worse than this in the 70s. You kids know nothing. Weak!!! And germany waan't attacking us when we helped europe either, grow a spine!

[@garyhockaday8022]

@@mrpugster we have head do the shitter

[@Kendoddsdadsdogsdead532]

Im 52 missus is 51.....we have never claimed on our car insurance. The cheeky chunts are asking 675 quid to renew the insurance on our 08 plate Golf which only cost us 950 to purchase a year ago. I've told them to foxtrot oscar. I've sorned it and put a 500 quid 1.25 fiesta on the road. Even that cost us 320 to insure as a new customer. In our 40's we were paying 180 to insure a cheap 10 year old car. Lots of people are reducing down to one car instead of two....that's down to the insurance costs. Rip off Britain

[@ivanfernyhough3851]

Not sure why it costs you that much.i have a 400 horsepower supercharged jaguar,202quid,just reduced by 20 quid.i am 53 and my partner is 55 so similar ages.very strange.i have never paid so little for car insurance.

[@fredflintstone1428]

Read my reply.

[@whitekoala4172]

So what have you gained if you had to buy a £500 fez? I don’t see the logic. People moan about anything

[@2001MBKBooster]

It's not your cheaper cars that are the problems. It's that you might crash into a newer, more expensive modern car and your insurance company will be on the hook to cover any and all damages. Given a continuing shortage of spare parts, the expense of rental vehicles and increasing labour costs, insurance companies are more likely than ever to write-off a vehicle, despite sustaining just minor damage. These is why auto insurance has increased substantially over the past few years.

[@Kendoddsdadsdogsdead532]

​@@whitekoala4172 Already had the Fiesta on sorn on the drive

[@Hermantrueman]

Car insurance is now very expensive put this with high car prices people can not afford the luxury of a car anymore

[@ivanfernyhough3851]

Not sure why people are moaning about car insurance.mine has just bin reduced by 25 quid down to 202 quid,for a 400ps supercharged jaguar.

[@rajchoudhury5130]

Don't forget ULEZ, CAZ and all that other bull shit

[@budgetcollectables2810]

@@ivanfernyhough3851 It depend on age mate A kid I work with recently turned 18 his insurance is over 2k for a 1.2l Ford

[@daddymulk]

Government plan going well then, get you out ya cars

[@elijahcarr4137]

@@ivanfernyhough3851 It's unfair that's why. I'm 25 and my insurance is more than when i started. Paid £600 for first year. £2000 now with a non fault claim from 2021

[@paulinetinsley68]

To be honest its the prices. At one time, a ten year old car would be scraped or cost you £100. Now garages want £1000 for a 20 year old car

[@jeanettemullins]

Yes, this. I'm actively looking to to replace my 16 year old car and everything in my budget is ancient or has known problems. I've usually bought cars that are around 8 yrs old for a few thousand but now that money doesn't get a lot at all. I've been looking at the same cars on a loop for months as they're clearly not selling.

[@Blackadder75]

@@jeanettemullins offer 1000 less than they are asking..

[@Blackadder75]

cars are much better now than those old english rust buckets you remember. a 10 year old car is still fine, mine is 13 years old, no rust at all, drives great, has AC and CC. and only basic maintenance. It's still worth 3000. Why would I give it away for almost nothing? It's has the same practical value as a much younger car had 20 years ago When I finally will replace it, I plan to buy another 10 year old one and drive 5-8 years in it.

[@thomasheitmann1804]

Inflation Inflationspolitik der Regierungen Zu niedrige Leitzinsen der Zentralbank(en) Kriege erhöhen auch die Inflation

[@modmod392]

It’s quiet in the restaurants, retail, car sales, house sales…. It’s all fcuktus!!

[@volt8684]

Totally agree she’s not selling my motorcycle can’t sell at v cheap price. Everyone’s ducked except the rich. I d need a mortgage to buy a car

[@DC3Refom]

not to mention all problems , gov spending 15 million on illegals ,

[@loc4725]

@@DC3Refom More like 700 million to deport...4 migrants who were going to go back anyway. But don't worry, the NHS is doing fine.

[@GT380man]

Our government, like the governments of all countries in The West, are involved in deliberately destroying their own countries, under orders from the UN / WEF. We’re headed to a very dark place. I tell people this, and I have reams of evidence, as do dozens of professionals I’m in contact with. We know. We’re distraught that most people cannot or will not see it. Biblical scripture says “Some see, some see when shown, some will never see or ever know”. Where are you on this?

[@royfontaine5526]

@@DC3Refomthat’s wacist!

[@Baud2Bits]

second hand car prices are ridiculous at the moment.

[@sduk451]

100% I want to change, but given price, lack of stock more than happy to wait at least another year and i suspect that will have a knock on

[@simonh870]

Indeed, it used to be the case that a 10 year old car with 100k on the clock would be about 10% of it's new price. They are considearbly more than that now despite being arguably less reliable due to having more to go wrong.

[@robwallace266]

Cars are too expensive now as well. I was staggered at the prices being charged for second hand cars.

[@mickstereftb]

What's going on? Well Sherlock, try reducing the prices to pre COVID levels....you know, sensible prices!!!

[@YinYang8-8]

Init absolute greed 😂

[@bunzbe9578]

The world is in a bit of a spin at the moment, your price point cars and what with all the prep you put in will support you and all your galant hardworking employees through this worrying time. So hang in there my man!

[@ZyklonBBB]

All by design. They don’t want you to have personal transport. But they are also doing nothing to improve public transport.

[@valicourt]

Who is “they”?

[@user-s1o3nr532]

@@valicourt The shadowy Illuminati! (You have to completely ignore how much more powerful the motor hobby is than any lobby for public transport to believe that kind of nonsense though).

[@dafdaffer1]

@@valicourt WEF

[@davidlewis4399]

Were all skint new cars stupidly expensive and used cars double the price they were 5 years ago for the same thing. Service sector bumping up prices 20% plus hotels.. and to cap it off Labour are going to screw anyone with money real soon. Tradespeople by me are charging 300 to 400 quid a day basically everyone's greed has screwed us all over.

[@volt8684]

Yeah all tradespeople in 40 -60 k vans nowadays

[@distilledgogilba]

Damn right, we need the Tories in so they can cut taxes.....

[@stevee14]

Totally agree with your comments

[@DC3Refom]

​​@@distilledgogilba they the same cheeck of the same arse ( lirbr lite theres nothing conservative about them ) go listen to sunaks speech i parliment recently they are uni party , the party for lwr taxes , saving the cntry the many big problems is rfrm ,

[@Hasdac]

VAT at 20% and sending millions to Ukraine and Israel..

[@TheFlyingBusman]

If sales are dropping then it’s because new cars are stupid expensive and crap. Who in their right mind wants to spend tens of thousands on something the manufacturer considers a disposable, throw away item? There are very few new vehicles I would purchase. This will have a knock on to used vehicles and people will ultimately hang onto their older motors. There’s definitely less disposable income out there too.

[@thomasheitmann1804]

Inflationspolitik

[@jasonhodge2597]

Always goes quiet holiday season 😊

[@crazydanz]

Insurance is what's killing me. I've recently been involved in a head on to no fault of my own. Dash cam proof from myself, dash cam proof provided by a Biffa rubbish truck, 5 or so witnesses and even a full police report stating the other driver was at fault. Yet with all this evidence the other party are still trying to claim 50/50 if not try pin the entire thing on me. My insurance has more or less doubled since this, I've lost 6 out of my 10 years no claims.. for what? no fault of my own. I just find it stupid how someone can fight a situation like this with all this evidence against the other party. Been going on for the last 8 months now. Was insanely stressful finding a car down South West area that wasn't a total rip off or near death. This alone has made me want to just give up driving all together.

[@jeanettemullins]

As someone looking for a car everything I look at is ancient and expensive. I also feel like I've been looking at the same cars this entire year so they're clearly not selling. I'm not really tempted to spend money to replace my old car with something the same age which seems to be what is available.

[@simonhodgetts6530]

Yes - I feel the same. I can buy the same car again, same age, but with half the miles of mine, for more than I paid for my current car 4 years ago - it’s a 13 yr old car! How is it worth more?

[@eddiereed5025]

Holidays kicked in for the summer now might explain slow sales

[@Sussex_Seagull]

No changes in forecourt prices here (Sussex) although auction prices much lower. Insurance, fuel, and other running costs are all higher so something had to give. Dealers need to be more realistic and pass on some of the lower auction prices.

[@Maddpunx]

I've definitely noticed a slow down, less decent stock to buy also, people are keeping hold of good cars.

[@Maddpunx]

@@stonward Not really no, too old for us to retail, we specialise in 08-15 plate cars around 2-5k but people aren't upgrading to newer cars

[@liciapinto827]

It's definitely a hard market right now, added bonus here is the friendly paint guy that can bosh out paintwork dirt cheap. Sourcing good quality stock, and then finding a buyer just isn't easy right now. For most folk, something like an 05 Clio would be a near impossible sell.

[@liamegan4303]

Hello Lee, well over here in Ireland the Insurance companies are taking the Piss. They won't even take care of the Customers they have. God, I was checking out your Cars on Facebook, and they were lovely. And not a fortune. Lovely Corsa, keep up the great work, Lee 🇮🇪 👏👏👏👏💯

[@markbird5461]

Your exactly the sort of dealer i dream of buying from. Integrity and sell well prepped cars at a good price. Maybe in the future ill pop down 😂

[@stanneh1978]

Wanted an RS3 for the wife last August eventually got one 2 months ago. Main reason it took so long is that I did due diligence on every single seller of them and if they started during COVID or if they were based in Midlands or Birmingham I refused to buy it. Basically if they answered the phone and sounded even slightly foreign I hung up.

[@darrianwilson6545]

My Kia Ceed, which I bought at five years old for £6300 six years ago would still retail about the £5k mark. A five year old one now is between £11k and £12k. It makes more sense to take the hit of wear and tear repairs now it's in the high 70k miles than to spend silly bollocks cash (probably £9k) to replace it. We're holding on to your ideal stock for a few years longer.

[@abberationify]

The lag effect of interest rate rises over the last year or so is only maybe now beginning to be felt in the wider economy and this trade, dealing with expensive items, is beginning to feel the chill. The caravan and motor caravan trade have been really hammered, with some big dealers going out of business. The uncertainty of a new Labour government doesn't help either. I'm old now and was in the trade for 30yrs and well remember the savage recession of the early 1980's, with 1981 being really grim. At that time franchised dealers were sending brand new unregistered cars to auction to be sold for whatever they could get for them, and our dealership sales dropped by 60 - 70 %., with many people losing their jobs.I certainly hope we're not heading down that path again.

[@KingShaf7]

That’s exactly where we are heading and it’s inevitable. The government simply meddled and interfered too much over the past few years to let it happen naturally and now the effects will be a lot more severe. They did very little in 2008 and that was harsh but relatively short, not so much this time round

[@Nzwarriord]

2 caravan dealers in Chesterfield closed recently

[@shahzadayub7191]

Ford sold 15,000 odd Escort XR3s alone in 1981 and in the UK. Incredible considering no PCP finance deals in those days. I knew there was a terrible recession but didn't realise it was that bad.

[@ryanboardman8326]

our currency is being diluted by the BOE with endless money printing, everyone having to raise prices because of this but wages aren't matching these raises. Everyone is skint and stuff is too expensive. 5k gets you a 10 year old car with 100k miles these days what a joke.

[@paulniggel]

for once someone on the ball BOE ECB & the fed have killed the currencies ! like a milkman watering down the milk little by little

[@DC3Refom]

wef plan

[@royfontaine5526]

@@visiblekomentyep, just like they all rolled up their sleeves without question for the 💉☠️

[@01bogwoppit]

​@@DC3RefomI am so happy people are seeing this , hopefully Klaus Schwab will meet his maker before the collapse happens so he doesn't see it

[@ohnoitisnt]

Easily done for a grand 5/6 years back. Mad.

[@flodareltih6775]

Country is broken from top to bottom,the invasion is now affecting all avenues of business for various reasons.

[@vldgrs]

The invasion is there so that you can blame it, not brexit, lizz truss, conservatives, decisions during covid, russian war, China&USA trade war, global economic showdown, etc

[@WheelieMacBin]

It goes very quiet here in London now, as 65% of the population travels back to the home country for six weeks. Money is still very tight and people are feeling the pain, the cost of living crisis just goes on and on and wages are falling behind, year after year.

[@deano_bites]

Times are changing people are not spending like they use to, car insurance, parking permits, tax everything goes people don't want and cannot afford anymore

[@stogmot1]

motorcycle sales are dead new and secondhand

[@michaeldineen2571]

I ride a bike to work now. Because I can't afford to run a car. I'm sure I'm not the only one

[@ianclose123]

​@@H-Lambda- I ride and I nearly fell off my chair in shock when my most recent insurance renewal came through. Down from £250 to £150!!!! Never expected my premium to go down in this financial climate. I assume it was a mistake but I'm certainly not gonna point it out to them.

[@comedyinnit6560]

​@michaeldineen2571 bet you feel healthier though

[@garyhockaday8022]

I think the bottom line is , a lot of people are skint … my road tax on my old bmw e46 330ci is more than the insurance, who would ever think that ?

[@RAW555R]

What's the tax on one of those these days?

[@ohnoitisnt]

@@RAW555R Enough to say 'f- it, ill be a fugitive instead thanks' Same as every other bill you get from govts nowadays

[@ohnoitisnt]

Dont pay it? Tyrannical state an all that

[@davechapman5815]

Folk are sick of seeing traders buying shit, mega mileage, old cars at auction for a grand, and banging them on forecourts for three and a half.... Thinking it's "normal"...

[@juxty3102]

So very true.

[@GT380man]

The alternative is you buy an old car, fix it up yourself, if you have the skills, equipment and interest to do it. This car pitch has such skinny margins that I can easily see them losing money after all costs. What it definitely isn’t is profiteering. That’s why Lee needs a dozen plus sales, month in, month out, to cover all costs and make a modest profit over the course of a year. Most people will make much more take home by being employed by someone else, but some of us cannot bear being an employee. I stopped that in my 40s and was never employed again, except in companies I founded and mostly owned. I’m now retired in my mid 60s.

[@michaeldoyle5109]

@@GT380man cant even go some auctions anymore unless you are a trader , nothing against this site and lee he does a great job. New car registrations are a fallacy nowadays all leased or motobility

[@mjsee08]

More flippant bullshit you wouldn't say to someone's face. Even if you did buy the car at £1k and sell it for £3.5k you immediately owe the VAT man the thick end of £500 before anything else. Reality is you'll spend a grand fixing it, advertising it, cleaning it, you'll do well to make £500 net out of that 3.5k car bought for 1k. If it's that easy why don't you do it yourself? Entitled prick

[@Ron-io3vu]

Car front image is important, if I pulled up at your forecourt I would probably just pull off again, I watch your videos so see your a decent honest chap but lots might not 👍

[@distilledgogilba]

Thanks for the update Lee! Sales might be slow but my hunt for a reasonably priced small Japanese automatic with ~50k on the clock still goes on. My 57 plate Colt is almost in pieces but I just can't get myself to spend the kind of silly money people are asking for small autos, even when its 10+ years old with 60k miles!

[@shirleyelliott9848]

Welcome to my world. I had to go.for an older car to get what I wanted. Took me 10 months and still had to give in on some features Commonly known as rocking horse shit. Good luck.

[@zootius]

You want a 2014 Mk2 Jazz EX with the CVT. Whatever they're asking for it, it'll be worth it. Unbelievably good cars.

[@larna-nicole6205]

I'm the same, when you realise a 14 plate is now 10 years old but still £8-10k for a small hatchback is crazy 🤣

[@shirleyelliott9848]

@@zootius fancied a jazz myself but cvt over 10yrs old are not recommended.

[@zootius]

@@shirleyelliott9848It depends how they've been looked after. Mine is 12 years old now and I've had the CVT transmission fluid changed regularly. Only costs 50 quid a pop, and my Jazz is flawless.

[@kennyc3670]

Bought my 2007 Yaris 1.4 diesel 12 years ago when it was 5 years old. Just use it now to get the shopping. Never missed a beat. Passed every MOT first time. One set of new tyres, 2 batteries, 3 sets of windscreen wipers, yearly oil/filter changes and an AC condenser - and that's it. £35 a year road tax, £350 fully comp insurance. Doing 45 mpg - used to do 85 on holiday trips - no doubt it still would. It's a keeper. Should easily see me out. Why change?

[@dipladonic]

"Why change?'...because, soon, it will be a rust bucket!

[@NUFC2412]

Well if cars WERE sold for fair prices the trade might pick up. Its ridiculous what some are charging for secondhand cars.

[@ianhartley6253]

I'm in retail sales trading off my website, eBay, Amazon and OnBuy and trade is awful ATM. And has been for 4 months. People don't have the spare cash or the confidence to make non essential purchases.

[@adambrett2005]

If I lived closer, I would be purchasing a car from you, hands down. Honesty, is hard to find in car sales.

[@Kendoddsdadsdogsdead532]

I'd jump on the rattler or catch the 8 litre daimler to buy a car off Lee if i needed a motor. Proper trader

[@radioboffinG8KNF]

@@Kendoddsdadsdogsdead532 That's exactly what I'm going to do in the next couple of months. Car wise/job wise it's uncertain however I'm happy to come up from London, just 90 mins away and buy a nice little ULEZ runabout from an honest dealer.

[@user-s1o3nr532]

Cars have got too complicated and expensive. Back in the day if you had a nudge you might have just had to put a new bumper on. Now you need the bumper, lights, sensors, software and re-programming the car. Just as an example. No wonder insurance, cars, and parts are so high - you get stuff standard now that you would have only got on luxury and premium vehicles a couple of decades ago.

[@livc444111]

10 years ago I paid 3.7k for a five year old car with less than 60000 miles on the clock. Last month I paid 7k for a 9 year old car with 70000 miles on the clock. I understand inflation has a bearing but used car prices are aking the pi*"

[@KmtHW]

Almost same here, keeping mine. Doing service myself on girlfriend's and my car. She bought 107 5 years ago with 24000 miles for 3495£. In this video looks like 3495£ in 2024. Crazy

[@RAW555R]

Nuts isn't it, I paid just under 4k for a 2013 Mondeo estate in 2019 so 6 yrs old ISH with 103k, now I'm looking at 8-9 yr old Mondeos for 7-8£k it's mental.

[@M2c-718GTS]

Cars are still affordable compared to Europe. And there are good mechanics to fix older cars. I owned a nice E46 330ci for three years, bought it for 6500£ in pristine condition and sold it for 8000£ after 2.5 years of ownership. Same car in France would be 18-20k€.

[@owensteele1645]

I can't wait for the Maserati Ghibli video. Fantastic super-saloons, I did wonder where it disappeared to.

[@robertmulhall1634]

A good friend of mine is into classic cars. because he and his missus don't do the milage.they sold the fabia ,and now use his 1965 anglia as a daily locl runaround. I've driven it and t,b.f it goes well. No tax cheap classic insurance.

[@fredflintstone1428]

I read that 70% of all cars on the road now are leased. Bearing that in mind, my mate has a pitch. He's 61 like me, been doing it all his life. His friend (not a dealer /mechanic) has worked all his life and has to have a hip replacement. His wife suggested he should apply for disability allowance as he will be off work for 6 months. They were also advised to apply for a disabled car allowance as someone else in the family can chauffeur him around during this period. His son, who is 21 and just passed his test can go on the insurance. They have just leased a brand new Skoda, with both of them on the insurance, for £71 per month. THAT'S LESS THAN £900 PER YEAR FOR A BRAND NEW CAR AND A DRIVER WHO IS 21 WITH NO PRIOR HISTORY. The insurance companies and car manufacturers are stitching everybody up, just like the mobile companies did, so that in Klaus Schwab's (WEF) words by 2030, 'YOU WILL OWN NOTHING AND BE HAPPY'.

[@nooboftheyear7170]

Insurance is included in lease costs?

[@stephenjones9153]

I would love to get a brand new car for only £71 per month including insurance for 2 drivers,but I think you will find its a lot more than that 😢. Currently Mobility vehicles cost a minimum of £75.75 per week which works out to £3,939 per year or £11,819 for the 3 year mobility vehicle lease term. You get nothing when you hand it back. If anyone knows where I can lease a brand new car from including insurance for 2 drivers for £71 per month then please let me and everyone else know 😊

[@stephenjones9153]

​@@nooboftheyear7170 I would love to get a brand new car for only £71 per month including insurance for 2 drivers,but I think you will find its a lot more than that 😢. Currently Mobility vehicles cost a minimum of £75.75 per week which works out to £3,939 per year or £11,819 for the 3 year mobility vehicle lease term. You get nothing when you hand it back. If anyone knows where I can lease a brand new car from including insurance for 2 drivers for £71 per month then please let me and everyone else know 😊

[@stephenjones9153]

@fredflinstone1428 I would love to get a brand new car for only £71 per month including insurance for 2 drivers,but I think you will find its a lot more than that 😢. Currently Mobility vehicles cost a minimum of £75.75 per week which works out to £3,939 per year or £11,819 for the 3 year mobility vehicle lease term. You get nothing when you hand it back. If anyone knows where I can lease a brand new car from including insurance for 2 drivers for £71 per month then please let me and everyone else know 😊

[@nigden1]

If he's been granted DLA he will be using the Motorbility scheme, which means his weekly grant covers the cost of a new lease car, not any car, the ones with lower spec that don't need an upfront payment. This includes road tax and insurance for him and a named driver, and it will now be around £71 per week, not monthly, and you certainly won't be paying for insurance, it's included.

[@eddthirty4065]

Insurance -new driver in July 2024, Nissan Pixo 2008 - £4800, Toyota Aygo 2009 - £3800, Seat Mii 2015 £5400, Mazda 3 2005 - £5800. Suburbs, off road, 5000 miles a year. Student. All non-BB policies. All cars 1.0 except the Mazda. Value of car between £1000-£2500. Just to give you a comparison, same Mazda 3 cost £1600 for the same profile driver, but 2 years ago. If you don't get new/young drivers, you'll get less drivers in the future. Insurance companies and manufacturer/parts suppliers are colluding to kill the golden goose.

[@tonyhodgkinson4586]

Soon be cheaper to pay the fine than pay for insurance

[@ianclose123]

Already is isn't it?

[@DrRussell]

6 points will add up

[@44messier]

I was once the man on bike. Turned up at the garage. Sales chap probably thought "not another man on bike", or words to that effect . Took the car for a test drive with bike left as security. Deposit paid. Next day I turn up (on bike). pays the remainder. Put bike in back of car and drives home. Also I was a man on bike buying a motorbike many years ago. So it does happen

[@user-ec5xn8by4s]

Genuine Poverty is rising, in my shop i get old people with walking sticks asking money for food because their benefit finished 4 days before a top up.

[@ahassen1236]

5 years ago our work Prius cost £329 to insure. In 2024 £1109. No claims made, no points, nothing. Same car albeit 5 years older so much cheaper and same address. Something very ugly is going on, and it's not that car.

[@jonathangilmartin8426]

It's because gangs target them for the catalytic converters

[@timames4405]

Electric battery - very expensive to repair, hence higher premium.

[@realmusicreallife]

My bmw x5 40d went from 49 pounds a month with tesco to 150 for no reason at all! Literally

[@snbala]

I have also noticed a huge slide in the demand for used cars, I am having cars for over a month which I used to sell in 2 weeks or so. Maybe the holiday/summer season when everyone heads off somewhere and have less funds, not sure but waiting for it to pick up again.

[@royalbiscuits8442]

I wanted to buy a used car from a dealer. It was cheaper (better APR etc) to buy it new.

[@six7529]

Ive seen 10+ year old cars with 10k+ price tags. Bloody stupid. I wanted to change but just not paying these prices. Changed cambelt instead and keep what i got

[@nasiranwar9776]

Makes sense for me to keep my 18 year old car and repair it when needed. Used car prices are ridiculous at the moment.

[@finnmanproductions9240]

I recently sold my 18 yr old car. I wanted to keep it but rust was coming through and other things meant it was spending more time in the garage with hefty bills. If you can do lots of work yourself that’s fine but if you rely on a garage then even old cars can be expensive to keep.

[@TimK2646]

So true we are all skint. car insurance sky high. Insurance companies should be regulated.

[@eddthirty4065]

they are regulated, but not on policy cost.

[@Dom-vn8sw]

maybe because used car prices at the minute are ludicrous

[@KipKippax]

Hope things pick up for you soon .🚗

[@user-ve1zf6fh4d]

Your right about renault s, normally just the wiper motor problems and electric windows suddenly stopping working..... usually good engines and gearboxs (that's been my experience

[@crzldesign231]

I had a 2010 mini cooper d for many years. It was getting so pricey for repairs and servicing i started doing them myself. It developed a fault i figured would be expensive so webuanycar'd it. I aint getting another car. Even a basic car costs a lot to buy and run. Its too dear now.

[@kevindavenport9766]

Holiday time plus people just ain't got the money

[@smarte.r.1450]

Vehicle score…. I used it to get my latest car and family’s cars … you showed me.. thank you… GREAT TOOL

[@carukchannel]

Glad to help

[@baldobaz1]

5-10yrs ago people would budget around £10k for a decent 2nd hand car, now they need to budget around £20k for a decent 2nd hand car. That’s not sustainable.

[@SamOwenI]

Very subjective what is meant by decent

[@dillonblake6219]

Just bought a 3 yr old car 30k miles £13k. Family motor

[@lastdimestudios]

And wages have no way kept up with car prices!

[@baldobaz1]

@@SamOwenI everyone’s own concept of what a decent car is is different as is their sense of value for money, that being said for me, something that’s 5-6yrs old with average mileage for that particular year is a good start, currently there are a lot of cars out there such as Golf gti’s etc that are 5-6yrs old with most having 30k plus above average miles going for north of £16-£17k. That’s just rediculous

[@SamOwenI]

@@baldobaz1 I was very satisfied with my 10 year old family car, which was £5600 and has been reliable, drives nice, plenty of leg room. Didn't have to save for long to pay without financing. I would call it "decent", but I don't think it meets your criteria... This is what I'm talking about.

[@VH19845]

2nd hand car prices take the absolute pi$$. Everyone's keeping hold of what they have and running it into the ground.

[@Chris-jl6vk]

True lol

[@user-gh2rk4st4o]

You can blame the electric car brigade for higher insurance prices as when van ev gets back small amount of damage the industry is very quick to rite the car off because the battery may be compromised

[@darenward5256]

Why are cars with over 200k on the clock being sold privately for over 2k? A few years ago they were 500 quid motors.

[@JD-29]

inflation

[@jaycam2886]

Because car dealers are ripping people off, when you check the retail prices of cars your find dealers selling 16k or 17k cars for 3k to 4k over the recommended price. I am looking for a BMW 4 serious I've been looking for months but i refuse to pay over the retail value

[@rollthetape88]

@@JD-29 no, greed

[@johndawson8806]

cos mugs by em!

[@mjsee08]

Welcome to post COVID post Brexit reality. The worldwide supply of goods in general has never recovered since 2020 and never will. You've now got used to paying more so why will anyone now charge you less? 500 quid cars don't exist anymore, not runners with MOT anyway. Grow up

[@adriancarter825]

I had a grey Astra well I’ve had 2 identical to that grey one one was an active the other was SRI the later was a cracking car only thing I had to replace was a water pump , looked after they are great cars the j in my opinion was built very well

[@thatcheapguy525]

Li, it's obvious you're rattled by the lack of sales. I can't offer any kind words or encouragement but can only compare to my time in the trade 40ish years ago. the 6 week run before the new registration used to be really quiet (August, once a year back then). our small garage was quite diverse doing MOTs, repairs, bodywork, a handful of cars for sale and running a fleet of 9 taxis. other than drinking gallons of Lilt and Tango in the heat, in this is period we used to overhaul engines and gearboxes for stock, give the site a lick of paint and spruce up the signeage, fix the 'do it tomorrow jobs', fix or scrap the dead sales stock, overhaul the f--k-ng car wash again, weigh-in the scrap and jump on any business that came through the door. once the new registration came out the whole industry lept back into action like dogs on heat.

[@ianmontgomery7534]

i am not surprised that with a change of Government that people are cautious. It doesn't make sense to me but that is what happens.

[@Clodhopping]

The country is in a mess because of the Govt overreacting in 2020-2022 and frittering money away. During the pandemic, I knew companies (various trades) were fraudulently claiming furlough but still working cash in hand knowing the Govt would never investigate. These people were coining it in with free income from the taxpayer. It's an open secret that all Govt contracts/initiatives have a financial "tolerance" built into them. E.g. Green Energy scheme c.2014 - many contractors weren't completing the work (lagging, cavity wall insulation) but still claiming the costs from the Govt. Govt/civil service can't monitor that so they accept abuse of the system and write off the cost. Not enough staff to investigate each historical case.

[@nickhoward9343]

I think you’ll always be alright, mate. You’re in the cheapest section and you’re a damn good trader and do everything properly. So many shifty buggers out there.

[@captainkaos7696]

The Yellow 500 is part of the channel now, just like a partner in crime :)

[@semiretired86]

the silver 207 in the back corner too

[@troygoodacre2718]

For the first time ever i am going to see how long I can keep my car for, one reason is the prices to get a replacement and the other is I’ve got a bit attached to it, I used to change them ever three years ago, when I was younger I couldn’t understand older people keeping cars for years. No I’m 57 I can understand why as you get older you get a bit ata he’d to things more

[@trickyrat483]

I'm 61. My current car - a BMW 328i - has been owned by me since new. It's 28 years old in Sept. this year. Have a local mechanic service it and he's cheap. See no reason to change whatsoever.

[@hydraflyer]

Buying private now picked up a 2011 fully loaded Mondeo for £1500. Lots of life left in it. On a forecourt a dealer would of easily wanted £4k

[@MegaReddevil71]

That's optimistic for a 11 plate mondeo 4k lol

[@hydraflyer]

@@MegaReddevil71 Look on Autotrader there are Mk4 Mondeos going from 4-6k depending on age and mileage. Ridiculous prices from dealers when private you can get them for 1-2.5k

[@waynemiller4602]

on the trader there is a 2010 fiesta at 4k...taking the piss for a 14yr old car

[@stevenc5227]

@@waynemiller4602 Fiesta will go up in price as they are no longer making them, and they are still a good seller.

[@joelincoln6560]

Id rather spend money repairing my cars bought pre-covid then chance buying a slighlty (very slightly) newer vehicle for thousands more.

[@MummaBear]

Car scraping schemes over the years took viable cars of the road.

[@carukchannel]

100% agree with that

[@Enochsright]

Good point, nobody mentions that.

[@khalidacosta7133]

I retail electronics. Before brexit, I would sell out within hours of getting a new shipment. Now, discounted massively from even Amazon prices.... nothing.

[@DC3Refom]

ah yes the blame brexit bs ,

[@khalidacosta7133]

@@DC3Refom Oh dear... one of them. Name ONE tangible benefit of Brexit. Almost been a decade, so surely, ONE benefit would be easy to point out by now? P.s, banging on about sovereignty isn't a benefit. When the EU makes a new law to force us to jump, we ask them, "How high?" .

[@User-4517]

I use to sell second hand computers, laptops etc to mostly European customers via eBay, literally went to selling nothing overnight when brexit went into effect as I was no longer competitive against the European market local sellers. Walked away from it all few month later. Brexit was a fucking scam.

[@davidr7819]

@@DC3Refom ok. So we now live in the Brexit paradise of your dreams and our nightmares. In my opinion you should pay a special Brexit tax to recompense the rest of us who were less keen on leaving the largest and wealthiest international trading organisation on our doorstep? 27 of the richest countries in the world?

[@darrengent-mn7rw]

Chin up mate its the same all over the country it looks like 👍

[@newbeginnings8566]

Cost of living has never been so bad... Even ancient vehicles are costing too much to insure... The other costs in life like energy and food have a massive impact on what's left to spend... The country is winding down to a stop....

[@ArjanBakker]

its not cars, its everything, people are not spending

[@dafdaffer1]

I have owned my current car for just over 5 years now, i was going to change it this year, i purchased the car with some savings, a trade in and a bank loan, my bank loan was £160 per month which was at a good interest rate and i borrowed about 9k, i went to look at a replacement for my 2015 volvo v60 with a 4 year newer model but when i did the math it didn't really work out, it was now 20k for the car with identical mileage (100k) with only 3.5k offered for mine, higher road fund (mine is £35 per year) and higher insurance group and now the spare £160 that i had for a bank loan has now been absorbed by the hike in gas and electric. my car has had full service before and during my ownership so i've decided i will keep it until it fails, then i will look for the cheapest possible. if other people are in a similar boat i can see why no one is buying cars. also there are alot of electric car schemes being offered so cash strapped families are going that way.

[@TheOriginalRaiKon]

Prices are ridiculous... something that happened to us, we bought a 3 year old nissan micra 7 years ago for £5 grand... sold it last year with 60k on the clock and the garage slapped it back on the forecourt for 5 grand again!! I dont know if he managed to sell it, but thats mental

[@aaronrigg5208]

Im saving up for my last car, given regulation changes I hope to make the next one (between a 20-22 plate) last just under forever.

[@roboliver9980]

Interest rates on used are high and people are holding onto existing cars or plumping for dealer incentive pcp deals. Eventually interest rates will drop and things will get a bit more like they once were.

[@royfontaine5526]

Interest rates are only at around the historical average. They can’t go down much - low interest rates are what got us in this mess!

[@roboliver9980]

True. It’s similar to houses though the average price has risen dramatically combining with a rate increase to become unaffordable. 4-5% on a big number hurts especially after over a decade of cheap credit

[@lukegodfrey9391]

@@royfontaine5526They’ll have to, or no one is going to be buying cars on finance. People would rather hold on to what they have on a lower rate then PX for another vehicle on double or triple the APR.

[@mjcamp01]

Short of sales, but you might get a couple of hundred, and two spaces freed up if you pull out and scrap the 500 and Corsa 👌🏻

[@MrGman2804]

It is interesting to hear this. That said, sorry business is quiet. I am a privateer with an eye out for a hobby car, having retired a couple of years ago. I am amazed to see the prices of modest classics are actually falling. It isn't your market, but I think it is the same issue. Money is tight. Simple as that.

[@diydave3034]

Hi, blame the warmer weather for the drop off in trade - the summer is kinder to cars’ mechanics and secondly more cars registered in September so MOTs on dodgy motors won’t be running out yet. Hang in there for 1st Sept and some colder weather when trade should improve.

[@bakeredwards]

I've just bought a 10 year old skoda octavia for 3k 125k miles, but I needed to fit a cambelt, air con condenser, gasing it, a spare key, when you consider this is what the dealer has to do normally, plus profit and vat the prices start to add up, luckily I could fit the condenser myself to save a few quid. Great car though, would highly recommend, 75mpg😊

[@MrBoboiscool]

Market is prohibitively expensive, dealers need to pay less and pass it on, go back to a high turnover model. I would love a newer car, but couldnt afford one and have now learned how to fix most of the basic things, how to repray pannels, fix body work… would never have wanted to but saved so much money.

[@glynrogers1018]

Hi I think money is getting more tight

[@tomoreilly9932]

I'm sure by early August the footfall will increase a lot,as long as you can tick over till then, then it will be full throttle 🤞🏻

[@4553306]

this vid reminds me of myself- i've had the same retail business now for 40 years - increased sales and profit just about every year on year over the last 20 years- yet i have a few quiet days and its all doom and gloom ! the house is going up for sale,tell the mrs we're going to start shopping at aldi this is it ! its over !! good while it lasted etc etc... !! 🤣

[@peterpopperry4408]

Been watching for over a year very informative thanks Lee.

[@ianeccleston5769]

Cars are still too expensive. In 2016 the average 5 Yr old car was £8000, now it's £16000.

[@rjpish]

My heart bleeds! Dealers have been charging extortionate prices for a few years now. Maybe this is a reality check 👍🏻

[@carukchannel]

The margins are exactly the same now as they were before covid. The cost of acquisition has gone up not the profit on the vehicle

[@rjpish]

@@carukchannel yeah sure!

[@ladalout245]

Hope things pick up for you soon mate. I think they will, folk tend to delay changing cars because they're skint and then they all start going wrong and then they change them because they have to. It's just a matter of time. Cars are a necessity for most.

[@craigjob6932]

Thanks for the update hope things pick up for you soon

[@dynajedi]

Start selling bicycles.....cars are stupid expensive now and so are the garages repairing/servicing it's ridiculous.

[@deanwoollard1096]

So finally after years wanting try sell cars myself and give it a go I bought a nice 57 plate 1.2 clio aston barclay. I priced it good but 5 days still not a sniff I thought it Go within a couple of days. Now seeing what you and others say its quiet. I just have to be patient its a risk but I guess I'm still confident.

[@grantwebster8157]

Its not just cars , I visited a local sawmill on Friday my usual question '' how is business'' got the reply well business customers are still coming in but the general public sales have all but stopped it seems the new government has completely destroyed public confidence

[@stuartwatson6345]

I’m driving 19 plate Astra with 4 cylinder engine , reluctant to update . Most cars in my price range have changed to three cylinder wet belt engines , had one in DS3 and cost for replacement belt is ridiculous. Astra has 22000 miles with chain will run it into ground and put money into my pension.

[@lukecoverdale3861]

Simple answer is that a car is only worth what someone is prepared to pay. Used prices are stupidly high compared to pre-covid and the public are now wise to this so are either not buying or making their current car last for much longer.

[@charlystarling5408]

I'm sorry that things are so tough at the moment.

[@carukchannel]

Thanks 👍👍

[@barrybarry6592]

Please consider this, Prices are stable currencies are falling in value! Frightened well you should be