New car prices will rise next year, due to four key economic facts, say car advisers Glass's Guide and car consultants broombroom.
Glass's Guide Editorial Team spokesman, Adrian Rushmore said at the Automove News conference, "New car prices are expected to rise in 2010 thanks to unfavorable sterling exchange rates, a return to 17.5% VAT, possible additional VAT increases post-election and a showroom tax from April 1." At the end of quarter one, expect new car prices to be 6-7% higher than today, stated Rushmore. His predictions are shared by broombroom.com Managing Director, Ashley Manek, a.k.a. The Bald Guy, who had similar advice in last week's client newsletter. He advised buying or leasing a car before the end of the year to lock in the current vat rate and beat the price increases he expects from manufacturers in January. Additionally, The Bald Guy warned that, "Production cuts over the last year mean many popular prestige brands are already in short supply, with dealers quoting 3-5 months for delivery on new car orders".
To combat these issues Trading Standards Approved broombroom.com is currently conducting daily stock searches throughout the UK franchised dealers to find stock cars still available at the lower prices. They then negotiate fleet discounts and offer the cars at discounted prices on their website page, updating every morning.
Car dealers are renowned for telling you to buy now or miss out, but at this moment the economic facts mean it really is true.
