- Joined
- Aug 23, 2018
If you've tried to buy an entry level vehicle, but it a used car or a small motor bike, you might have noticed prices have skyrocketed. Usable cars for under £1000 are rare, used bikes sell for close to their new price, and some vehicles are appreciating in value.
Trying to find affordable transport has become difficult, at least in the UK. I think this is the case in Canada as well. So what's going on?
The short answer is I don't really know since I only noticed this in the past 6 months or so.
From the various YouTubers I found looking up the matter, there seems to be a supply problem. COVID and inflation played a part, sure, and those who don't like the government can point the finger at green energy and emissions policy, but it mostly comes down to the lack of new entry level vehicles.
Normies these days are interested in big American style SUVs, and luxury cars like BMW and Porsche. These cars also have bigger margins than "stack em high, sell em cheap" economy cars. These days new "cheap" cars start at £16,000. Bikes fare better at a few grand + gear, though most see bikes as a summer toy instead of a practical mode of transport. Finally, you have EVs. It's not usual to see kids and delivery men zipping around on scooters even if they are technically illegal. Electric bikes are also an occasional sight, at least where I live.
"Just haggle bro" is the proposed boomer solution to this problem, but it not likely to work. We're in a sellers market, and trying to haggle for more than pocket change off the price will just get you shown the door. Why would someone sell a car for under £2000 when they can wait a day and get £5000 for it? It reminds a lot of the GPU market from a year ago.
I don't know how normal all of this is. I'm not someone who buys cars as I've not had the need for one until recently. But given a car guy in the family has grumbled about the topic, and the various YT videos about it, I assume this is a real problem.
(Link for tor users)
A few threads that might be of interest. I'd link but tor isn't playing nice with links.
Car Thread
Let's recommend a Car/Truck for Null
Electric Scooters, E-Bikes, Mobility Scooters, and other EVs
Trying to find affordable transport has become difficult, at least in the UK. I think this is the case in Canada as well. So what's going on?
The short answer is I don't really know since I only noticed this in the past 6 months or so.
From the various YouTubers I found looking up the matter, there seems to be a supply problem. COVID and inflation played a part, sure, and those who don't like the government can point the finger at green energy and emissions policy, but it mostly comes down to the lack of new entry level vehicles.
Normies these days are interested in big American style SUVs, and luxury cars like BMW and Porsche. These cars also have bigger margins than "stack em high, sell em cheap" economy cars. These days new "cheap" cars start at £16,000. Bikes fare better at a few grand + gear, though most see bikes as a summer toy instead of a practical mode of transport. Finally, you have EVs. It's not usual to see kids and delivery men zipping around on scooters even if they are technically illegal. Electric bikes are also an occasional sight, at least where I live.
"Just haggle bro" is the proposed boomer solution to this problem, but it not likely to work. We're in a sellers market, and trying to haggle for more than pocket change off the price will just get you shown the door. Why would someone sell a car for under £2000 when they can wait a day and get £5000 for it? It reminds a lot of the GPU market from a year ago.
I don't know how normal all of this is. I'm not someone who buys cars as I've not had the need for one until recently. But given a car guy in the family has grumbled about the topic, and the various YT videos about it, I assume this is a real problem.
A few threads that might be of interest. I'd link but tor isn't playing nice with links.
Car Thread
Let's recommend a Car/Truck for Null
Electric Scooters, E-Bikes, Mobility Scooters, and other EVs