Reply to thread

Message: <blockquote data-quote="Schwepps" data-source="post: 359423" data-attributes="member: 3592">The used car market is bad worldwide and is not expected to recover. The majority of our used cars are exported to less developed RHD countries, but many countries are now following the Singapore-invented "trade-in rebate or cash-back schemes" to boost car replacement. We've just adopted it, and so has the UK and other European countries. Now there's talk of the US considering it since GM has gone Chapter 11, Chrysler is now Italian-owned, and there are 10 million unsold cars in yards. China is also looking into it.What it means is there is a huge overhang of RHD, and soon to be LHD, used cars flooding less developed countries. RM152k for a 2005 325i can be considered a good price going forward! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown    :(" loading="lazy" data-shortname=":(" />Be choosy and bargain like hell if you're buying a pre-owned car...</blockquote>