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bad news for the motor trade then

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Old 29-04-2009, 09:27 AM
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dojj
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Default bad news for the motor trade then

http://news.bbc.co.uk/1/hi/business/8024249.stm

and just lok at the links on the right hand side, especially the vw one where it's slumped by 74%

at least they are still making a profit, but where has all that money gone?
Old 29-04-2009, 09:54 AM
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Its not allbad, I've actually earnt bonus this month!!
Old 29-04-2009, 10:15 AM
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i wait for the" there are folks starving, losing their jobs, houses, families, etc while you are giving it large, i bet you are on jeremy kyle really, go get me a paper, preferably the sun, golden brown is a cunt" and that sort of stuff
Old 29-04-2009, 10:17 AM
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39% drop for toyota, and the first year ever in their history they have made a loss

They are in a ridiculously strong position, in japan they actually lend money to the banks and the government, so not like they have creditors banging at their door like GM, but its still a bad situation to be in.
Old 29-04-2009, 10:35 AM
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it's the age old problem though, you make something better and better and better and there comes a point in time when peole are willing to keep the old versions running becaue they don't need to buy a new one

just think of how many people you know, personally, that would need to buy a new car, out of their own pockets, every few years

i can't think of anyone who needs to, why spend £25k on a new focus rs when you can buy a second hand st for £8, you don't NEED to have the car do you, same with grandad who wants to buy a new honda because his old one is a year old, he doesn't NEED to

and when you can buy perfectly servicable motors for less thant £500 these days that will still last another 10 years it all becomes a bit silly

i suppose it's only when the lack of new cars available to the second hand market starts to show will there be a price increase
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