I have no idea how representative this article on the build up of new car stocks is, but it sends an obvious message that, unless you really really need to buy a car now, it will pay to wait until the prices start dropping to levels which reflect the amount of unsold inventory. There is no evidence of material discounting in Hong Kong yet.
One of the commentators suggested avoiding cars built in 2009. He/she has a point - if the cars are left sitting outside for a considerable period of time, I would expect that there would be an element of deterioration and, with at least some of the manufacturers in dire financial condition, I would also expect that both maintenance and the ability to stand behind a warranty would be questionable.
I have no serious intention of buying a car, but if I did I would be waiting until we see serious discounting to clear the build up of stocks. In addition I would only buy from a manufacturuer with a solid reputation for reliability and post-sale support (i.e. BMW, Toyota/Lexus, Honda, Mercedes).
1 comment:
Hello "a private portfolio" author,
As a money fanatic & blogger I have been following your blog for a little while now...I have read some very interesting and great posts!
So I have a little offer for you....
The company I work for would like to pay you to put a text link to a credit card site on your blog. I have not seen any other deals already, but would love to make you an offer anyway. I'm sure we can come up with some good terms?!
The website is called creditcardmenu.com and we will be launching a new fantastic looking credit card review and comparison service which is free to our customers; let me know your thoughts.
So let the bartering begin??!
Oh and keep up the great work!
Alex Preece
Bad with my money, great with other peoples!
Negotiator
(I am based in London, England so excuse the weird times you get this email!)
Giant Investments
E: alex.preece@giant.org.uk
T: 01273 224002
M: 07976 989946
Post a Comment