Results 1 to 3 of 3

Thread: Is it my imagination .....

  1. #1
    Email problem daveob's Avatar
    Join Date
    Feb 2008
    Location
    Amanzimtoti
    Posts
    655
    Thanks
    107
    Thanked 118 Times in 103 Posts

    Is it my imagination .....

    Is it my imagination, or is there a sudden flood of high priced vehicles ( BMWs, Merc and 4x4's ) on the used car showroom floors lately ?

    Just noticed it on the way back from the shop this afternoon and passed 4 dealers - all look overstocked with bling.

    Maybe it's a sign of the credit crunch ?
    Watching the ships passing by.

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    Definitely!

    I noticed it when we were replacing some of our Corsa utilities. The car dealers were saying it was coming from the auctions (repos) and people coming in to sell because their debt burden was too high.

    And it definitely seemed to be mostly upper end stuff.

    The showroom floor prices didn't reflect the glut, though
    I was hoping to find a bargain

  3. #3
    Gold Member garthu's Avatar
    Join Date
    Dec 2008
    Location
    Midrand
    Posts
    595
    Thanks
    39
    Thanked 65 Times in 55 Posts
    Absolutely credit and fuel (well was). One of our attorneys decided rushing around in there X5 wasnt so beneficial anymore.... The challenge really got worse when no wanted to trade it in! Overstocked with upper market ... stil got an X5!
    Garth

    Electric fence Installation : www.midrand-electronics.co.za
    Free Classified Adds : www.bgone.co.za

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •