In case it escaped your attention, last Monday saw the reopening of car sales forecourts and showrooms throughout England, with Wales, Scotland and NI all due to follow suit in the coming weeks.
Of course, there was the anticipated rush of some people who could not wait to get their hands on a new motor, and there were, as anticipated by yours truly on this humble car insurance blog, just a matter of weeks ago, huge savings and discounts to be had if you are in the market for a new vehicle.
The biggest discount of all that’s up for grabs is on a brand-new Mercedes Benz E-Class Estate, with a saving of a huge £16,500 off the list price. Elsewhere, the Golf SV is on offer at 24.2% off list price, and the Seat Leon offering a saving of 22.2%.
Other marques with deeply discounted offers come from Fiat, BMW, Citroen and Vauxhall.
This is, as we previously mentioned, a result of needing to shift all the pent-up stock that dealers have sitting in car parks and on airfields up and down the country. And, while dealers are of course, suggesting that these discounts won’t last, due to reduced factory output, we’re not so sure you need all get out there sharpish to take advantage of these deals.
If we take a look at what has happened in other countries after opening up different businesses, there appears to be a pattern of an immediate flurry of activity, followed by an indeterminate amount of tumbleweed. In Germany, for example, new car registrations remained 50% down in May, even though showrooms were open to the public. And, if we consider how reluctant us Brits seem to be when it comes to coming out of lockdown, it’s reasonable to assume that the same will happen more, perhaps even more so.
Understandably, the motor trade is currently petitioning the Government to bring in a Government-backed scrappage scheme, in a bid to reboot the market, with a focus on offering scrappage against new electric vehicles. So, if you’re in the market for a greener car, it’s definitely worth waiting to see if that happens, as it could mean savings of up to £6,000.
So, if you are after a new car, our advice would be to not rush out just yet, unless the exact model you have your eye on is one of the ones that currently has the huge discounts on offer and you’re going to buy it regardless. Even that shouldn’t put you off haggling a little or negotiating some free upgrades or service packages. For once, the ball is most definitely in your court.
And if you are in the market for a new car, do yourself a favour and use our free quote form to ensure you get the best possible deal on your car insurance renewal premium.