It would seem that the days of Diesel and indeed Petrol cars are numbered. As a parent and grandparent, I cannot help but applaud this. However it was not that long ago that we were all being encouraged to buy Diesel cars and as a result, there are a great number on the road. To scrap them all overnight is neither economically or environmentally viable. I would expect they will be with us for some years to come with a gradual decline in numbers as they are not replenished by new diesel cars.
So where does this leave us? Over recent months I have seen an increase in Diesel cars coming onto the second-hand market at much lower prices than would have been the case a couple of years back. Many of these are good reliable cars with useful life left in them.
I am not sure what FACTOR it is - the Brexit Factor – the Weather Factor – the Krypton Factor or Max Factor – but something is going on.
I have virtually run out of cars to sell!
Of course, it’s a great situation to have – BUT – I have hit a real problem I cannot overcome – ME!
As always there are thousands of cars for sale – sadly there are very few I want to buy. I cannot change or compromise on this – the acid test remains the same – would I buy this for my family?
In the vast majority of cases, the answer is No.So, for now, all I can do is cast my net further, work harder and burn more midnight oil to find those LITTLE-BELTERS!
Dave Woolf ALFB
New York – Paris – Rome – Berlin AND Stockport
PS A true story – I had become to think I am the only one losing it – yesterday whilst on a train to the Lake District to collect a car – the guard completely lost it! He announced to everyone the Railways were rubbish BUT added – everything was rubbish – NHS – Police – Councils – Education – Government!
Needless to say, my fellow passengers and I gave him a round of applause. I now have a new friend!
I have not been purchasing Diesel cars from Main Dealers for almost a year. My reason being I could see how things were likely to develop in the Diesel sector and the impact this would have on prices. My fears were well founded and prices have really suffered – it would be fair to say there is now a glut of Diesel cars on the market as “distressed” sellers look to mitigate their losses. NOW – I learned many years ago in my stock-market days that “fire sale markets” bring with them great buying opportunities. One of the basic lessons in any market is – if you can GET IN 5% off the bottom you are doing very well! Neither I nor anyone else can be certain we have reached that point – however, I believe we are much closer to it than 6 months ago and now is the time to take
Some 6 months ago we made a conscious decision to stop buying Diesel cars. Now the reason for doing so now seem pretty obvious BUT at time they were not. Not only did we stop buying them we strongly advised those customers who wanted to purchase Diesel vehicles against doing so... Read more