morgand
Well-Known Member
A guy at work went into a dealer a month ago, not one of ours, and picks it up in two weeks. It's already landed, and was a cancelled order.. There are some machinations of why this makes sense in dealer land which I won't go in to, to avoid flaming.. ha ha
We have circa 20,000 back orders across our group, and I imagine the other groups are similar. We've been estimating how many are speculators or traders, to help predict the turning point. Whilst there are consumers that turn cars quickly for business purposes, and will continue to drive demand with reduced supply, there are lots of discretionary purchasers who might sit it out for another year.
There are early signs that the market is slowing with interest rate rises. Used car values have dropped slightly and listing are increasing again. Admittedly, the types of cars that people here are interested in are low volume enthusiast cars, so less prone to early market movements. I am guessing that's why the N became available, as WA says, they haven't really graduated to desirable status yet, though I think they are close. Hyundai as a brand has really evolved since the Excel.
The Real Estate market, as most peoples wealth is tied to that asset, is a good predictor of retail trade especially in Australia. The listings are up and prices are down...