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Many car manufacturers are shutting plants and stopping car production, is there likely to be any benefits to motability customers from this. Obviously the manufacturers are losing billions£ but will they raise prices or will they want as many cars sold as possible?
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.
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I wouldn’t like to guess it could go either way.
I assume many people won’t have the spare cash or confidence to be buying cars for a while after this has finished. Although there will be a considerable backlog to get back up to full capcity. This could make certain makes and models more desirable.
So will manufactures discount, try and shift more or raise prices to cover losses?
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They dont have long till prices change
Not sure Q2 will reflect how bad things have got. Manufactures and motability won’t have had a chance to get together yet. I imagine the prices will have been decided some weeks ago more in line with Q1 prices.
But could be wrong.
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Citreon C4 PicassoThey will of course be able to project the loss of earnings based on what they are losing now, and for the next god knows how long.
The scheme is a safe place to do business with 600,000 soles under the umbrella of motability. Manufacturers know they can sell hundreds of cars on the scheme quite quickly, especially if they trim the AP.
I think @NewYork01 has hit the nail on the head. It could go either way and it may not be reflected in Q2.
My thought is that it may be weighted slightly in the favour of lower prices/discounts to keep product moving.One thing’s for sure, it’s an absolute bloody nightmare.
Keep safe all.
? I will be remembered for nothing but had great fun doing it ?
I hope so! We need great offers and reduced APs to attract us onto the scheme in Q2.
One added and unexpected benefit for EV drivers with a home charging point, is that the most prevalent place to catch corona virus is at petrol station fuel pumps as everyone is touching them to fill up. While EV cars – you are only using your own charging point and therefore there is no chance of cross contamination.
What is not going to help is the fall in the value of the UK Pound against the Euro over the past week or so.
Bearing in mind a lot of cars are built in Europe, it obviously puts up the cost of the vehicles. Motability and manufacturers have most probably have already tied in the prices for the next quarter before this sudden drop in the Pound, but the pricing quarter after the upcoming one could be interesting.
Unless of course, they carry on with the practice of pulling vehicles off the scheme mid-quarter, re-pricing them and re-listing them again.
Dave
Can’t see any possible benefits.
Q2 offerings will at very least be much scaled back because the car plants are shut and prices for any cars ordered will go up as pound goes down.
Only a matter of time before all car dealers shut up shop for months.
Maybe Motability will automatically extend leases and not take any new orders.
I can see extended leases being an attractive option for Motability, they’ll keep their current revenue stream intact with no real financial cost to themselves.
Please excuse spelling/typos. Apart from being a clot it turns out I had one on my cerebellum that's now causing various problems!
I hope so! We need great offers and reduced APs to attract us onto the scheme in Q2. One added and unexpected benefit for EV drivers with a home charging point, is that the most prevalent place to catch corona virus is at petrol station fuel pumps as everyone is touching them to fill up. While EV cars – you are only using your own charging point and therefore there is no chance of cross contamination.
Funny you should say that Carl, on the way to the petrol station this morning the wife said shame you don’t have your Electric car yet.
Unfortunately I have suffered a brain injury and occasionally I get confused and often say the wrong thing.
Smallcar thanks for cheering all of us up, do you always look on the bright side of life.
All together now.
Some things in life are bad
They can really make you mad
Other things just make you swear and curse
When you’re chewing on life’s gristle Don’t grumble, give a whistle
And this’ll help things turn out for the best
And Always look on the bright side of life
Always look on the light side of life
If life seems jolly rotten
There’s something you’ve forgotten
And that’s to laugh and smile and dance and sing
When you’re feeling in the dumps
Don’t be silly chumps Just purse your lips and whistle, that’s the thing
And Always look on the bright side of life (Come on)
Always look on the right side of life
For life is quite absurd
And death’s the final word
You must always face the curtain with a bow
Forget about your sin
Give the audience a grin
Enjoy it, it’s your last chance anyhow
So always look on the bright side of death
A just before you draw your terminal breath
Life’s a piece of shit
When you look at it
Life’s a laugh and death’s a joke, it’s true
You’ll see it’s all a show
Keep ’em laughin’ as you go
Just remember that the last laugh is on you
And Always look on the bright side of life Always look on the right side of life (C’mon Brian, cheer up)
Always look on the bright side of life
Always look on the bright side of life
Always look on the bright side of life I mean, what have you got to lose?
You know, you come from nothing You’re going back to nothing
What have you lost? Nothing
Always look on the right side of life Nothing will come from nothing, ya know what they say
Cheer up ya old bugga c’mon give us a grin (Always look on the right side of life)
There ya are, see It’s the end of the film Incidentally this record’s available in the foyer (Always look on the right side of life)
Some of us got to live as well, you know (Always look on the right side of life)
Who do you think pays for all this rubbish (Always look on the right side of life)
They’re not gonna make their money back, you know I told them, I said to him, Bernie, I said they’ll never make their money back (Always look on the right side of life)
Songwriters: Eric IdleI hadn’t considered the loss in the pounds valuation but surely as Europe is going through the same issues the euro will be dropping its value as well.
Agree that even if you could order a car at a good price there’s nobody to build them for at least 12 weeks.
The next issue for the car industry, is the UK ending its grace period with European trade market on December 31st with or without a deal (again).
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Citreon C4 PicassoFree pack of antiseptic wipes and a mask at Ford
BMW have really pushed the boat out and you get a 9 pack of Andrex
Its too soon, besides, footfall at dealers will be non-existent, not just Motability, everyone. I expect lots of zero% deals will be on the go on the other side of the crisis.
In life, it's not who you know that's important, it's how your wife found out.
I am a person who finds it as easy to drink from a glass half full as a glass half empty, so I am being positive about this very negative time in our lives and saying we, on the scheme, will benefit.
I hope so too lol.
If there are any deals to be done we must be ready to move quickly.
We have seen how quickly deals are removed, so try and have your choices at the ready and, if they appear, pounce.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.Having just read the thread, “Latest Motability operations update 24/3/20”, I doubt there will even be a Q2 list anytime soon.
For the foreseeable future, minimum as we know is 12 weeks, no new orders will be processed. I predict that the 12 weeks will be extended also. So, 12 weeks, 3 months = Q2.
Reading the said thread further, Motability Operations (MO) are extending leases by SIX months for vehicles due to be returned during the crisis. So, with MO not taking any further orders until further notice, a 12 week shutdown and six month extension, I think it will be a long time before any of us see any benefits, let alone a new car. ?♂️
It’d be nice if this situation could result in a lift of the current restriction with maybe more cars from the higher price brackets. Nothing to ridiculous but Hyundai Santa Fe, BMW X3, Merc GLC Volvo XC60 to name but a few.
Leather, auto gearboxes and electric tailgate start to be standard equipment in this price bracket which would be of benefit to many different disabilities.
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KIA Sportage GT Line Mhev
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Citreon C4 PicassoI echo everything you’ve wrote, that would be the perfect benefit.
The Sante Fe, Merc plus others would be ideal. Peugeot and Mitsubishi have vehicles, just to name a few, have vehicles in a higher grade, higher level that cost actually LESS than vehicles on the scheme. Take the Mits Outlander, available on the scheme, with the Shogun Sport, not available. The OTR price of the Outlander is actually way higher than the OTR of at least one Shogun Sport model. As for the price cap, Mits also do the PHEV Exceed, which OTR is £36k.
I agree with a couple of guys above Motability will have no choice but to extend leases on vehicle as little or no new stock will be available for a long time after the virus has gone, production lines will take a long time to get back upto speed and have to decide if to use components from the Far East or make them closer to home. .
That’s great news and a benefit if you love your vehicle but bad if you can’t see the back of it quick enough !
Extensions it is. The only option really.
I had this text yesterday from Motability.
**Please, everyone, note the point about not calling Motability unless urgent.**“COVID-19 Latest: The latest Government announcements will have a major impact, with many dealers closing. As your lease is coming to an end in the next few months, be reassured we will automatically extend this for six months & you will continue to be insured. Please do not call unless you query is urgent as we have a reduced number of advisors & phone lines are busy. Check our FAQs for latest updates. https://www.motability.co.uk/“
? I will be remembered for nothing but had great fun doing it ?
i got one as well
i just hope the outlander phev or more electiric cars are on in april like kia niro
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