Do you expect an influx of car sales leading up to the increase in VAT in the New Year?
NO : 82.57% : 90
YES : 17.43% : 19
Comments from the poll:
On balance it would have been better to leave the VAT at 17.5% as we will probably have to adjust to a 20% VAT rate within 18 months time, which is nearer the EU average rate of in-direct tax.
With the regional auction houses now reporting a downturn on used prices, I would suspect that dealers will now be more conservative with high trade-in values, as they have still to get out of overage and high stocks by year end.
If only we had enough new car supply
I think it will merely bring forward sales already going ahead.
There appears to be no evidence of any pent up demand because of the impending rise that we've experienced at present, one hopes as we near December this will change.
Yes, now the Government is so firmly in the new car business, I’m guessing they'll get some positive spin on it, maybe affirming the success of scrappage even more and there will be a small movement. However measuring will be virtually impossible, what would you compare against? This allows the Government more able to claim success.
The main beneficiaries will be those buying for cash, on HP or PCP if they can get hold of the cars in time.
There will be an influx lead by the dealers in fear of cancellations and complications regarding registration and payment of VAT.
We are still transacting scrappage business, but see no rise in customers looking to beat a VAT increase.
No, when it went down it made no difference and the same will apply when it goes back up. That is, of course, provided it only goes back to 17.5%
On behalf of the majority of the industry's car buying influencers ie women, our attention will very soon transfer to family matters and Christmas. We'll then need some extra special deals to get us buying again in the New Year.