Upto £9K off new cars.

[nu11eaf]

Spotted this yesterday, upto £9k off price of a new pre-ordered car, including XC90's,
https://www.volvocars.com/uk/l/offer...vXmc8eUeb5i-8Q

[sk546]

Yup, Volvo further destroying the value of their used cars.
I can just see the £'s dropping off my car while it just sits there

[CocoPops]

No one ever pays list anyway do they?

[neilgorin]

They've always done this, it's now just the same at every dealer.

[4x4]

Even if the were offering £29k off new prices I still wouldn't be interested. They are not the future...

[Kev0607]

Originally Posted by 4x4

Even if the were offering £29k off new prices I still wouldn't be interested. They are not the future...

What is the future?

I don't think its EV. We're nowhere near ready for them.

[MK09]

The current deals are not that impressive in my opinion, certainly not at the level you could negotiate prior to this agency model. Including PDP deposit contribution, I was able to get £11k discount on my R Design when ordered in September 2020. That was against a list price that’s £9k lower than the equivalent Plus model now (nearer to £5.5k lower if you include the options to bring an R Design up to the current Plus spec level). On top of this, interest rates were much lower.

So £7k off a Plus factory build, or £9k if you choose an immediately available one, is pretty underwhelming in that context. Sadly, the XC90 is becoming too expensive to buy new.

I do appreciate that this situation isn’t unique to Volvo, the car market has shifted and there aren’t many good deals to be had across many manufacturers. The shift to the agency model is happening across most brands.

[Kugaman1]

I read an interesting article about the future of diesel this morning.
The trade reckons only 3% of cars sold in 2027 will be diesel.

They think that ICE car values may well go up over the coming years as dealers fight for good quality stock in a market where there are less and less available.

Manufacturers are being forced to increase their percentage of electric cars every year……however the majority of the public are still not convinced by them and staying with ICE for as long as possible….the trade thinks this will keep holding down electric car prices……current depreciation on most of them is eye watering.

A very, very interesting 3/5 years ahead I think.

Personally, Ive just ordered a new diesel while I can. As a caravanner, electric cars just don't yet work for us. Once they can do 200+ miles when towing, we will take the plunge and hope theres still a good market for our diesel!

[sk546]

Originally Posted by MK09

The shift to the agency model is happening across most brands.

Its not just the switch to an agency model, the plain fact is that new cars are just expensive these days.
Most mid sized family cars are approaching or exceeding the £40k 'luxury' vehicle road tax incurring list price threshold, something that just 5-7 years ago was not the case.
Manufacturers have quite rapidly increased the prices of new cars, some of which will be a pass on for increasing component and labour prices during manufacture but some of the increase must be Manufacturers starting to add on R&D costings for all the EV, Hydrogen and synthetic fuel development they are having to do to meet the rather unrealistic world government timelines for switching away from ICE powered vehicles.

Im pretty sure that before long, the only 'affordable' new cars will have a Dacia, Kia or Hyundai badge on the front.

[neilgorin]

Indeed the discounts aren't brilliant.

The old "pick from stock, register as demo, reregister a week later" fiddle that Mill used to run meant my 15 plate V70 (list £31700) I paid £22800 for and my 19 plate V60 (list £37000ish) was £27500. Even my current V60 was £5000 off on the last day of non-agency in May 2023 when there wasn't a huge amount of stock around.

The thing the manufacturers cannot seem to fathom with agency sales is that the public don't actually care - the tradition is that you can negotiate and where it is not possible, many won't buy as they tend to think they're being had. The massive drop off in used values this year (my 23 V60 is worth about £22k trade I discovered this week) does rather reinforce that too, as what you paid makes zilch difference to what it is worth further down the line.