Offers Bleak times for dealers?

Doubtingthomas · 19th June 2008, 16:44

I have received a letter from a Honda dealer in the North West (not my local dealer who appears to have loads of second hand Civics on his forecourt). The letter refers to a previous one from the same dealer who was offering up to 5 years Complimentary Servicing or a so called low finance rate of 7.9% APR on selected used Civics.
The letter says the dealer has secured from Honda UK 10 additional support packages. The packages have been transferred to the dealership from other dealers in the Honda UK network and are available on a first come, first served basis.
Yes, they are dangling the carrot and touting for business, but that is what they do, we all know that.
Is this a reflection on the current market and has any other forum member been apprised of this offer?

HappyMan · 19th June 2008, 16:49

Seems like the credit crunch is really kicking in!

blader · 19th June 2008, 19:26

Quote:

Originally Posted by Doubtingthomas

I have received a letter from a Honda dealer in the North West (not my local dealer who appears to have loads of second hand Civics on his forecourt). The letter refers to a previous one from the same dealer who was offering up to 5 years Complimentary Servicing or a so called low finance rate of 7.9% APR on selected used Civics.
The letter says the dealer has secured from Honda UK 10 additional support packages. The packages have been transferred to the dealership from other dealers in the Honda UK network and are available on a first come, first served basis.
Yes, they are dangling the carrot and touting for business, but that is what they do, we all know that.
Is this a reflection on the current market and has any other forum member been apprised of this offer?

when you say 10 additional support packages, what exactly does that entail?

Thanks.

Doubtingthomas · 19th June 2008, 19:39

Blader, thank you. It's not what I say, it is what the dealer says. Obviously Honda UK are subsidising or underwriting dealers to sell (used) cars by this promotion. One deal/offer = one support package from Honda UK. That is my interpretation. I would expect more as the economic climate worsens as I fear it will in the short term.

northender · 19th June 2008, 20:07

Care to name the dealer as I'm in Lancs & will be looking for a Civic in the next few weeks?

Doubtingthomas · 19th June 2008, 20:21

Quote:

Originally Posted by northender

Care to name the dealer as I'm in Lancs & will be looking for a Civic in the next few weeks?

I'll send you a pm now. The offer is on used selected Honda cars.

ariel · 19th June 2008, 23:18

Quote:

Originally Posted by Doubtingthomas

I'll send you a pm now. The offer is on used selected Honda cars.

doubtingthomas, would you please do the same for me.

thanks. i am considering a civic now.

ta....

Doubtingthomas · 20th June 2008, 08:19

Quote:

Originally Posted by ariel

doubtingthomas, would you please do the same for me.

thanks. i am considering a civic now.

ta....

Good Morning ariel. PM has just been sent.

ariel · 20th June 2008, 09:54

yay.......... thanks

Dinalli · 20th June 2008, 10:01

Got my type R 3 weeks ago and it was obvious then they needed to make sales.

I got a really good trade in on my 2.2ES £14000, paid 15000 for it a year earlier, they also put mats in, swaped my bluetooth kit over FOC too.

So now seems a good time to try and get them to do a deal.

Palindrome · 20th June 2008, 10:55

My local Citroen dealership ceased trading as of Monday morning!

harleyfatboy · 20th June 2008, 11:22

And as the picture unfolds there will be more ...believe it or not... those who are left will be able to offer a more efficient , reliable , friendly , sales , trade in , service .... because simply put.... there will be less dealers chasing the bucks , and ready to give you.... the consumer the best deal out there at that time as there will be less competition to secure the deal ...so they will be chasing your money ...ON A STEEL HORSE I RIDE

Doubtingthomas · 20th June 2008, 17:27

Quote:

Originally Posted by Palindrome

My local Citroen dealership ceased trading as of Monday morning!

Thank you Palindrome. Did it not get to the point they, the dealers, were almost giving Citroens away? Joking apart, the overheads at a large dealership must be horrendous and as harleyfatboy says, a lot more will probably go to the wall before the financial climate get better. In my book it will get a lot worse before it gets better unfortunately. It will affect us all in some way or other.

gman21002 · 21st June 2008, 11:27

that sounds good for us buying 2nd hands cars

but what about new!!

I wana get a new civic type r!!

wana get best deal

Doubtingthomas · 21st June 2008, 11:50

Quote:

Originally Posted by gman21002

that sounds good for us buying 2nd hands cars

but what about new!!

I wana get a new civic type r!!

wana get best deal

If you are serious then just shop around and get the message over to a selection of dealers. If you are buying new with no part exchange, then you can broaden your horizons. If you have the resources I believe you can obtain a really good deal. A tip if I may, wait towards the end of a month when dealers are desperate to achieve the sales targets. Good luck.

19th June 2008, 16:44	#1 (permalink)
Doubtingthomas Honda aficionado Magic Rear Seat Join Date: 14th August 2007 Location: Chorley, Lancashire Posts: 740 Thanks: 17 Thanked 7 Times in 7 Posts iTrader: (0)	Bleak times for dealers? I have received a letter from a Honda dealer in the North West (not my local dealer who appears to have loads of second hand Civics on his forecourt). The letter refers to a previous one from the same dealer who was offering up to 5 years Complimentary Servicing or a so called low finance rate of 7.9% APR on selected used Civics. The letter says the dealer has secured from Honda UK 10 additional support packages. The packages have been transferred to the dealership from other dealers in the Honda UK network and are available on a first come, first served basis. Yes, they are dangling the carrot and touting for business, but that is what they do, we all know that. Is this a reflection on the current market and has any other forum member been apprised of this offer?

21st June 2008, 11:27	#14 (permalink)
gman21002 Valve Cap Join Date: 18th June 2008 Location: west sussex Posts: 4 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	great time for new that sounds good for us buying 2nd hands cars but what about new!! I wana get a new civic type r!! wana get best deal

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This thread is about: Bleak times for dealers?, it's in Buying, Dealers and Servicing at the Honda Civic forum Civinfo; I have received a letter from a Honda dealer in the North West (not my local dealer who appears to have loads of second hand ...

19th June 2008, 16:49	#2 (permalink)
HappyMan Super Moderator Civinfo guru Join Date: 16th August 2007 Location: Poland Posts: 3,594 Thanks: 30 Thanked 91 Times in 85 Posts iTrader: (0)	Seems like the credit crunch is really kicking in!

19th June 2008, 19:39	#4 (permalink)
Doubtingthomas Honda aficionado Magic Rear Seat Join Date: 14th August 2007 Location: Chorley, Lancashire Posts: 740 Thanks: 17 Thanked 7 Times in 7 Posts iTrader: (0)	Blader, thank you. It's not what I say, it is what the dealer says. Obviously Honda UK are subsidising or underwriting dealers to sell (used) cars by this promotion. One deal/offer = one support package from Honda UK. That is my interpretation. I would expect more as the economic climate worsens as I fear it will in the short term.

19th June 2008, 20:07	#5 (permalink)
northender Valve Cap Join Date: 12th April 2008 Location: Preston, Lancs Posts: 35 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	Care to name the dealer as I'm in Lancs & will be looking for a Civic in the next few weeks?

20th June 2008, 09:54	#9 (permalink)
ariel Valve Cap Join Date: 19th June 2008 Location: Cardiff, UK Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	yay.......... thanks

20th June 2008, 10:01	#10 (permalink)
Dinalli Wheelnut Join Date: 14th May 2007 Posts: 50 Thanks: 0 Thanked 0 Times in 0 Posts iTrader: (0)	Got my type R 3 weeks ago and it was obvious then they needed to make sales. I got a really good trade in on my 2.2ES £14000, paid 15000 for it a year earlier, they also put mats in, swaped my bluetooth kit over FOC too. So now seems a good time to try and get them to do a deal.

20th June 2008, 10:55	#11 (permalink)
Palindrome Also found in orange Triangular Exhaust Join Date: 19th January 2008 Location: Warwick,UK Posts: 219 Thanks: 1 Thanked 1 Time in 1 Post iTrader: (0)	My local Citroen dealership ceased trading as of Monday morning!

20th June 2008, 11:22	#12 (permalink)
harleyfatboy Triangular Exhaust Join Date: 24th November 2007 Location: london Posts: 264 Thanks: 0 Thanked 7 Times in 7 Posts iTrader: (0)	And as the picture unfolds there will be more ...believe it or not... those who are left will be able to offer a more efficient , reliable , friendly , sales , trade in , service .... because simply put.... there will be less dealers chasing the bucks , and ready to give you.... the consumer the best deal out there at that time as there will be less competition to secure the deal ...so they will be chasing your money ...ON A STEEL HORSE I RIDE