17 plate pre reg stockpiled? - daveyK_UK
Are car manufacturers sitting on a stock pile of pre reg cars?

There was a glut of pre registrations for the 17 plate.
Yet they don't appear for sale based on the quantities of vehicles on dealer/manufacturer/auto trader sites.

Are they purposely storing these vehicles until a later date to ensure they don't crash car values?
Or were they pre registered for a tax/VAT reason? If so why are they not for sale?

Edited by daveyK_UK on 06/06/2017 at 07:42

17 plate pre reg stockpiled? - madf

There are 6,216 NEW and Nearly NEW cars on Autotrader

And 633 2017 cars Used .

Out of a total of 394,382 cars for sale.

Edited by madf on 06/06/2017 at 09:57

17 plate pre reg stockpiled? - RT

Cars sales are down!

The rush to buy 66 plate cars with lower VED in January-February has left a dearth of buyers in April-May - in addition demand for diesels is down and car makers can't switch instantly.

17 plate pre reg stockpiled? - gordonbennet

Same as rental defleets, if they allowed the full flood through in peaks they would be too cheap, you can't blame them they don't want to be giving cars away at below cost like they had to in order to shift the airfields full of cars after the 2008 downturn.

Agree the VED changes have caused a glitch.

17 plate pre reg stockpiled? - Engineer Andy

Didn't someone say that for pre-regged cars, dealers have to wait a certain amount of time before they can sell them on to the public after buying them themselves? If so, maybe the period hasn't ended, especially if lots were pre-regged just before the VED rate changed,a dn we'll lots suddenly come on to the market in the coming weeks, especially after the General Election (people may be holding off on buying generally to see which way it goes).

I suspect though that the 'stockpile' won't be as large as we may first think, as sales of diesels will decrease due to dieselgate and the likelihood of punative laws against usage of diesel vehicles in cities.

17 plate pre reg stockpiled? - daveyK_UK
my friend who works at a dealership tells me he is informed Renault, BMW, Ford and Fiat did lots of pre registering in March.

Of course, there is no detailed evidence for this information, merely what he has heard on the trade grapevine.

I hope the info is of some use to anyone planning on buying from any of the formentioned manufacturers, if you hang on you may get a bargain
17 plate pre reg stockpiled? - RobJP

I do know (because I received an email yesterday 'inviting' me for some 'exclusive' offers), that my local BMW dealer group (they have 5 dealerships) have a large number of pre-reg cars for sale. In excess of 170 of them, and close on 90 pre-reg MINIs for sale at ther dealerships for those too.

Discounts no better than those available on sites like DTD and C2C.

17 plate pre reg stockpiled? - Terry W

An interesting question.

The registration changed to "17" on 1st March. The car tax change was effective from 1st April.

So any cars registered in March bear the current registration. For low emission cars with old road tax below £140, it would have made sense to register before 1st April when the annual rate went up to £140. For larger high emission cars under £40k it would make sense to delay purchase until after 1st April.

But for dealers a pre-reg car is a depreciating asset whose value will fall by several £'000 on 1st September when the new reg will be applied. Therefore the real bargains will be had in relatively low emissions cars registered during March which remain unsold during July/August.

Higher emission cars registered pre 1st April will carry the higher old rate of car tax. Few may have been pre-registered as dealers would be holding a vehicle whose tax would be cheaper if registered after 1st April.

This may all be noise depending on the outcome on Thursday as consumer spending could fall materially due to future uncertainty - Brexit, no overall majority etc.

An upsurge in demand and prices is unlikely,. There must be a real risk of reduction as consumers and business considering a new car purchase are normally able to defer purchase by 6-12 months.

But the car manufacturers will have modelled their optimum strategy depending on their cost base, market projections, exchange rates, sales targets etc. So the level of excess vehicle production and discounts will depend on what they have already planned and how quickly they can adapt if they have made the wrong assumptions.

17 plate pre reg stockpiled? - skidpan

Drove past our local Citroen dealer yesterday and spotted he had a row of 17 plate C1's all in the same colour, did not get chance to read the price. Suspect they would be registered in March before the VED change and could make a good buy if the price is right.

Some manufacturers require the cars to be held for 6 months but some only 3 months. Some unscrupilous dealers sell immediately and keep the V5C which is of course illegal. Dad bought a Nissan which was just 6 months old when released for sale and we looked a Mazda's a few years ago which were lined up on the forcourt. Unfortunately whilst they had prices on none were available to buy for another 3 months (6 months again). The Citroens mentioned above are a max of 3 months old so is the delqaer be dodgy I wonder.

Bargains can be found but as always its buyer beware.

17 plate pre reg stockpiled? - daveyjp

A couple of dealers local to me have covered the VED increase issue by simply including 3 years VED as part of the deal.

17 plate pre reg stockpiled? - Engineer Andy

Drove past our local Citroen dealer yesterday and spotted he had a row of 17 plate C1's all in the same colour, did not get chance to read the price. Suspect they would be registered in March before the VED change and could make a good buy if the price is right.

Some manufacturers require the cars to be held for 6 months but some only 3 months. Some unscrupilous dealers sell immediately and keep the V5C which is of course illegal. Dad bought a Nissan which was just 6 months old when released for sale and we looked a Mazda's a few years ago which were lined up on the forcourt. Unfortunately whilst they had prices on none were available to buy for another 3 months (6 months again). The Citroens mentioned above are a max of 3 months old so is the delqaer be dodgy I wonder.

Bargains can be found but as always its buyer beware.

I thought I'd heard about that practice here. I'll definitely be keeping an eye out in the next few months for some (hopefully) genuine bargains. Many thanks.

 

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