| Author |
Message |
|
StangerBanger
Old Timer
Joined: Wed Feb 18, 2009 7:42 am Posts: 1907
|
 No relief for car sector
Quote: The industry sold a record of 481 558 new passenger vehicles in 2006, according to the National Automotive Association of South Africa (Naamsa). The projected sales number of new passenger vehicles for 2009 is 275 000 units. http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-1786_2557436
_________________ Be the change that you want to see in the world. Mohandas Gandhi
|
| Fri Oct 16, 2009 2:31 pm |
|
 |
|
Mike S
Old Timer
Joined: Thu Feb 19, 2009 6:44 am Posts: 1076
|
 Re: No relief for car sector
I noticed Gillard Auto has closed their doors completely. Same with that VW dealer by Rivonia offramp, there weren't even there for a year!
|
| Fri Oct 16, 2009 2:42 pm |
|
 |
|
StangerBanger
Old Timer
Joined: Wed Feb 18, 2009 7:42 am Posts: 1907
|
 Re: No relief for car sector
Tough times indeed. I wonder the repossession figures are?
_________________ Be the change that you want to see in the world. Mohandas Gandhi
|
| Fri Oct 16, 2009 2:56 pm |
|
 |
|
AfricaOffroad
Old Timer
Joined: Thu Feb 19, 2009 9:19 am Posts: 1481
|
 Re: No relief for car sector
Talking to dealer friend this morning, there is a major shortage of decent second hand stock in the market place at the moment, well DBN anyway.
Dealers have money in the bank, but sparse stock to buy for their show room floors. These guys are very wary of auction stock with its unknown vehicle issues, etc.
|
| Fri Oct 16, 2009 3:00 pm |
|
 |
|
StangerBanger
Old Timer
Joined: Wed Feb 18, 2009 7:42 am Posts: 1907
|
 Re: No relief for car sector
AfricaOffroad wrote: Talking to dealer friend this morning, there is a major shortage of decent second hand stock in the market place at the moment, well DBN anyway.
Dealers have money in the bank, but sparse stock to buy for their show room floors. These guys are very wary of auction stock with its unknown vehicle issues, etc. That's what I was thinking. If new car sales drops then does that automatically mean used car sales increases?
_________________ Be the change that you want to see in the world. Mohandas Gandhi
|
| Fri Oct 16, 2009 3:07 pm |
|
 |
|
ouzo
Old Timer
Joined: Tue Feb 17, 2009 3:50 pm Posts: 4435
My car:: 2005 BMW 330i
My SO's car: 2007 Honda Jazz 1.4 CVT
|
 Re: No relief for car sector
every time I see the topic I read it as "No relief for Caster"
_________________ OUZO
ex '99 RSi 5 spd (always in my heart) Dont touch me on my studio www.chrisb.co.za
|
| Fri Oct 16, 2009 3:24 pm |
|
 |
|
THE WALLETH
Psot sult
Joined: Tue Feb 17, 2009 7:06 pm Posts: 12390 Location: Lheemphopo
My car:: Bitch is back back in black.
My SO's car: i have a so?
|
 Re: No relief for car sector
Mike S wrote: I noticed Gillard Auto has closed their doors completely. Same with that VW dealer by Rivonia offramp, there weren't even there for a year! Gillard was on in 4ways? Fuck they always had a nice Vette or Merc.
_________________ in loneliness i walk my way no matter where i go
|
| Fri Oct 16, 2009 3:25 pm |
|
 |
|
mcfinnigan
Old Timer
Joined: Tue Feb 17, 2009 3:50 pm Posts: 5801 Location: Meduseld
My car:: S3
My SO's car: Pug 206cc / paraglider
|
 Re: No relief for car sector
with car prices so fucking ridiculous I'm not surprised sales are down.
_________________ //S3 Ava vanta i salquesse. (.)(.)
|
| Fri Oct 16, 2009 3:28 pm |
|
 |
|
Mike S
Old Timer
Joined: Thu Feb 19, 2009 6:44 am Posts: 1076
|
 Re: No relief for car sector
THE WALLETH wrote: Mike S wrote: I noticed Gillard Auto has closed their doors completely. Same with that VW dealer by Rivonia offramp, there weren't even there for a year! Gillard was on in 4ways? fcuk they always had a nice Vette or Merc. Yes, the one on Cedar road. It's empty now, with the insides stripped out.
|
| Fri Oct 16, 2009 4:45 pm |
|
 |
|
THE WALLETH
Psot sult
Joined: Tue Feb 17, 2009 7:06 pm Posts: 12390 Location: Lheemphopo
My car:: Bitch is back back in black.
My SO's car: i have a so?
|
 Re: No relief for car sector
Mike S wrote: THE WALLETH wrote: Mike S wrote: I noticed Gillard Auto has closed their doors completely. Same with that VW dealer by Rivonia offramp, there weren't even there for a year! Gillard was on in 4ways? fcuk they always had a nice Vette or Merc. Yes, the one on Cedar road. It's empty now, with the insides stripped out. Sadface.
_________________ in loneliness i walk my way no matter where i go
|
| Fri Oct 16, 2009 5:08 pm |
|
 |
|
Edlover
Old Timer
Joined: Tue Feb 17, 2009 4:47 pm Posts: 1364
|
 Re: No relief for car sector
I heard that Gillard was not setling the finances on cars sold, and using the cah flow to fund the business. When they needed to pay the bank eventually, it all came tumbling down...
|
| Fri Oct 16, 2009 5:38 pm |
|
 |
|
mk1-fan
Old Timer
Joined: Tue Feb 17, 2009 7:39 pm Posts: 8141 Location: Vuil driehoek
|
 Re: No relief for car sector
mcfinnigan wrote: with car prices so fcuking ridiculous I'm not surprised sales are down. You've basically summed it up. When the rand went for a ball of shit, car prices went up big time. When the rand strengthened, the prices still went up. Bunch of greedy clowns if you ask me.
|
| Fri Oct 16, 2009 6:43 pm |
|
 |
|
Superdoggy
Amateur
Joined: Tue Feb 17, 2009 7:44 pm Posts: 65
|
 Re: No relief for car sector
Mike S wrote: THE WALLETH wrote: Mike S wrote: I noticed Gillard Auto has closed their doors completely. Same with that VW dealer by Rivonia offramp, there weren't even there for a year! Gillard was on in 4ways? fcuk they always had a nice Vette or Merc. Yes, the one on Cedar road. It's empty now, with the insides stripped out. I was told the cars disappeared the day before Wesbank went in to shut them down. I was told Gillard can't be contacted. Rumours in the trade - don't know who true that is though.
|
| Fri Oct 16, 2009 8:32 pm |
|
 |
|
fanie
Pro
Joined: Tue Feb 17, 2009 4:19 pm Posts: 260
|
 Re: No relief for car sector
AfricaOffroad wrote: Talking to dealer friend this morning, there is a major shortage of decent second hand stock in the market place at the moment, well DBN anyway.
Dealers have money in the bank, but sparse stock to buy for their show room floors. These guys are very wary of auction stock with its unknown vehicle issues, etc. Just read in new Car that total vehicles sales (projected?) are 1,000,000. Massive sales in the 2nd market. Did not know this sector was so big
|
| Sat Oct 17, 2009 11:10 am |
|
 |
|
Johan
Pro
Joined: Tue Feb 17, 2009 9:52 pm Posts: 110 Location: Hermanuspietersfontein
|
 Re: No relief for car sector
ouzo wrote: every time I see the topic I read it as "No relief for Caster" What you (mis)read is also true.
|
| Sat Oct 17, 2009 1:36 pm |
|
 |
|
peterlittle
Old Timer
Joined: Tue Feb 17, 2009 4:56 pm Posts: 2475 Location: Johannesburg
My car:: 2008 SEAT Leon Cupra
My SO's car: 2005 BMW 320i Anonymizer
|
 Re: No relief for car sector
used car stealers must reap what they sow. if times are so tough, where the hell do prices like this come from?
2000 Honda Ballade 150 LUX. FSH, very clean, 1 owner. Pro-West Car Sales 1 & 2 Gauteng Tel: 011 673 3346 Price: R 52 950
_________________ '08 Pikachu
|
| Sun Oct 18, 2009 5:38 pm |
|
|