Will cars be more affordable after COVID-19?

Will cars be more affordable after COVID-19?

Hi, Would you envisage the Car Buying Market to be more affordable after the Covid 19 pandemic ends?

Our answer:

Hi Tony,

That is a tricky one to answer for sure! There will certainly be lots of deals in terms of new car sales, as the manufacturers fight amongst themselves for sales, and how large the market is will massively depend on what shape our economy is in. 

In terms of used car sales, I see them holding firm. New car sales are on the decline at the minute, which will mean fewer used cars later on. On top of that, it's now quite expensive to import a car from the UK, so that avenue for increasing supply on the used market is constricted. 

Just my opinion on the matter.

Shane O'Donoghue

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