February 16, 2023 at 6:29 pm
#209495
@Berty hopefully waiting times will now be improving, but I doubt that will have much bearing on APs.
I think any recent drop in APs is due to Motability knowing that our benefit is increasing by 10.1%, meaning over a 3 year lease we’re spending more than an extra £1,000 on our lease. This is obviously not including any further annual increases over our 3 year leases, which now seem to be more like 4-5+ year leases.
The only way availability will help lower APs is if more cars are made than what people are buying. I.e. if there’s surplus stock. I don’t think manufacturers will return to this business model. It’s been more profitable to sell less at a higher price, than many at a lower price.