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I can't believe the price of good used cars these days. I purchased my fully loaded A6 Avant Black Edition in January 2021 it is now worth £6k more than when I purchased it. It seems the used car trade has gone completely haywire since the shortness of chips etc. A friend of mine just bought a new Mercedes E class with out the Sat. Nav fitted which hopefully would be done on recall. 

I have a part time job of delivering and collecting new cars. At the moment I am collecting used MG ZS EV's for more money than we were selling new ones for a few months ago.

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The whole market is crazy. It's due to the chip shortage. It's those in finance I feel sorry for as when the market crashes they'll be into negative equity up to their eyeballs. 

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Hello Steve,

Just an opinion, but will the market indeed crash??
Or will the manufacturers now set the prices for the new vehicles ( when available) - inline with the current inflated prices? I know what I would do if I was at the business end of car manufacturing! 

Kind regards,

Gareth. 

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I mentioned about the MG ZS, and today I noticed MG are not going to import any new petrol cars for the rest of 2022 as their 2022 target of 45000 units was reached  at the end of February.

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Hello Tony,

I think Nathanial Cars has more than their fair share of new MGs down here, not far from me. Compounds full of them!

Kind regards,

Gareth. 

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15 hours ago, Magnet said:

Hello Steve,

Just an opinion, but will the market indeed crash??
Or will the manufacturers now set the prices for the new vehicles ( when available) - inline with the current inflated prices? I know what I would do if I was at the business end of car manufacturing! 

Kind regards,

Gareth. 

Good question, I think long term the higher fuel prices go the more people will look at the options of what's cheapest to get them to work and back. I know I've considered my options and know what I'll do. 

And hadn't thought about new car prices. But thinking about it they too have increased. 

 

 

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