And on top of that, you have the finance misselling issue in the UK. I'm sure I read somewhere, after the latest court ruling intimating far more finance deals could be suspect, some dealerships have stopped offering finance. Andy
I think they have money to buy cars at the prices they were 3 years ago, which is the last time most had a sizeable pay rise. It’s just that the gap has widened and created an unsustainable tipping point. I’ve been to Exeter today in a BMW I4, we went from 70% charge to 20% from Swindon to Exeter and had to stop for 20 mins (which tbf is quite quick) to charge it back to 60% to get home. It worked I suppose but most simply don’t want to build their life and travel around the already expensive cars
They are too expensive. My next door neighbour has a hybrid Kuga, brand new £46k. He a Ford pensioner so get a new one every few months. He arranged to have his daughter buy the ‘old’ one. How much? £26k. And he tells me Ford are still making a profit.
In my JCW Mini that would have cost me about £40. So how much did you spend in the cafeteria whilst it charged? LOL!
Depreciation. The worst new cars for depreciation, i.e. % loss of value after three years, are small battery electric Renault, Vauxhall, etc. Lose 70%. Not a misprint, 70% gone in three years. It would be insane to buy one.
I reckon the worst new cars for depreciation are Range Rovers and Land Rovers. A client of mine lost £100k on his Range Rover in a year. No one wanted it even though it was as new. Insurance companies are putting an excess on them equivalent to 5% of the market value.
I think the point being that its very much an auto industry problem and not just KTM. I bet they are all Chinese or Indian owned within 20 years, maybe 10.
it does seem like the tide is finally turning in the UK. Was surprised how little even recent Range Rovers are worth now. Be careful what you buy people!
I predict that Audi will offload Ducati if they could find anyone to take it. The bikes have got too expensive, and their dealer network is under pressure to keep the doors open.
Ducati has always been a bit of a high class whore brand for bigger companies, but really can't see who Audi would off load it to now ? Other than the People's Depublic of China..
VAG has already tried at least twice in the last 5 years. Not sure if it has been the improved performance in sales or the lack of a buyer that’s kept Ducati in the fold. Andy
Talking of high-class whores [Look, I didn't start the going off-topic craze!] every time that I go to YouTube, Google, or Ebay, I am offered a whore masquerading as a Ukrainian teenager with unfeasibly big tits, wanting to meet older men! Do others get this?
VAG are also in the financial shit so it would not surprise me but as said it’s likely to be a Chinese buyer these days. The only ones with the cash.
Sorry but we have now moved on to Golf. Since I have never ever looked at any golf stuff on the web, and just don't play, or have any interest in golf, it cannot be going through my search history!
I thought it's time to bring this back on topic .... Just got quoted close to £27K for a 2025 jet ski that's a just a facelift of of the one I payed £14.5k in 2017, that's very close to double and the facelift actually removed some spec....madness It's rotax powered like a KTM
