What Happens To Stock When Dealers Go Bust.

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  • Опубліковано 7 лис 2024

КОМЕНТАРІ • 125

  • @happyjackphoto
    @happyjackphoto 3 місяці тому +32

    The prices were so massively inflated after and during Covid that it was not a massive surprise companies would go bust really. Greed.

  • @GWuk69
    @GWuk69 3 місяці тому +8

    I heard on a Pratical Caravan forum that Burton Caravans in Burton upon Trent is also in financial trouble. Be careful how you pay, credit cards are the safest.

    • @garydavis1528
      @garydavis1528 3 місяці тому

      They won’t take credit card payments, industry hasn’t done for years including not on deposit.

  • @kazhilly
    @kazhilly 3 місяці тому +12

    It’s called price-fixing, in this case by the administrators of the dealerships that have gone bust.
    Not necessarily always a bad thing, if this wasn’t happening, prices would collapse everywhere and more dealerships could go bust.
    But still, from a private buyer’s perspective, rather frustrating…
    At the end of the day, a caravan is Only worth what people are willing to pay for it…..

    • @49googie
      @49googie 3 місяці тому +1

      Totally concur

  • @craigwassall1381
    @craigwassall1381 3 місяці тому +10

    I recently came VERY close to buying a caravan at £35,000 and was also very lucky to be in the position to buy in cash. After research I have done a complete u-turn - poor build quality, inflated caravan prices, storage fees, overinflated pitch fees … have come to the conclusion i could go on 35 £1000 holidays abroad just for the cost of the purchase - or 2 holidays abroad for the next 17 years …. it really wasn’t a hard choice

    • @mathewsmith3294
      @mathewsmith3294 3 місяці тому

      Totally agree, we thought exactly the same

  • @karlcammish9663
    @karlcammish9663 3 місяці тому +4

    When Avondale went bust, I got a cracking deal on a dealer special 6 berth van. Had it 12 years best van we ever had just shy of 10k. Back when caravans were normal prices.

  • @garethedwards8744
    @garethedwards8744 3 місяці тому +6

    Im surprised when mark said the market is stronger than he thought. If i was looking at a new or nearly new van id be concerned that the dealership might be gone before the warranty expired leaving me footing the bill

    • @KeatB
      @KeatB 3 місяці тому

      You’re surprised a dealer said the market is strong? If he said it was weak people would turn up at the showroom thinking the prices are all too high.

  • @TomFynnVideos
    @TomFynnVideos 3 місяці тому +2

    Actually I’ve stopped watching most of the caravan videos out there. Somehow I cannot stop watching your videos, though. Must be you. You’re doing a great job, Mark. Thanks for that says T🙃M from Germany
    PS: I’ll still come over to visit your two sites some day.

  • @davidlewins4631
    @davidlewins4631 3 місяці тому +6

    What do I think first caused the price hikes & then the drop? Well, obviously supply & demand, but the cause of the demand was a lot of people entering the caravan market because their usual style of holiday wasn't available to them. Then as the world freed up after the pandemic they the drop is due to them deciding caravans were not for them maybe due to the work involved & returned to their previous holiday choices, leaving it to the seasoned caravaners. It'll get back to normal, weve had the hike, now the drop, then comes the leveling out.

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      Sundays video will show our thoughts on exactly why things have done what they have done.

  • @paultraynorbsc627
    @paultraynorbsc627 3 місяці тому +2

    Thanks for sharing

  • @mrmeg01
    @mrmeg01 3 місяці тому +4

    It's not tricky at all. If the prices are lower it's good for me

  • @mrstevepace
    @mrstevepace 3 місяці тому +3

    Why can't members of the public attend or purchase caravans/motorhomes at auction? Serioulsy I looked into options and was dissapointed that you have to be a registered dealer to register/bid at such auctions. So unlike car auctions we will always be at the mercy of the dealer. On another note prices did go crazy my 5 year old Bailey Autograph cost me me more used than the brand new list price in 2019. Is it greed or consumer stupidity? If no one is prepared to pay the price dealers would not shift stock and would have to lower prices. I still remember being silently laughed at and ridiculed at every dealer I visited in the South West with a budget of 30k during the pandemic era, with eithert nothing in my budget or real wrecks massively overpriced. Now I would have a decent pick of tidy vans (motorhomes) for that budget. This no no surprise as the scetor of the population were either paid for staying at home or working from home saving massively on commuting costs now have to go back to the workplace and foot those costsare large proportion of them are most likely coming out of thier sub 1% mortage deals squeezing budgets even tighter. Omit from this the 100k i'sh and up vans because if you can afford one of those a little shift in the market is no big deal. I love my MH it was a dream to be able to afford it during my retirement I'll be keeping it for many years but I just wont be passing it on for more than I paid :(

    • @jamesgriffiths3057
      @jamesgriffiths3057 3 місяці тому +2

      you can they were at bca auctions.
      anyone can buy cut the dealer out.
      plenty of auctions selling caravans.

    • @Bob-kb5pv
      @Bob-kb5pv 3 місяці тому

      As a matter of principle, I would not give any of those dealers my future custom

    • @jamesgriffiths3057
      @jamesgriffiths3057 3 місяці тому

      @Bob-kb5pv correct I buy all my cars and vans from auctions, Ebay, Facebook.
      plenty of caravan auctions and you'd be surprised how cheap stuff sells.
      but because of the demand prices went up at auction aswell.
      but save thousands.
      yes all those dealers ripped the customer's off massively.

  • @CarlAdamson2563
    @CarlAdamson2563 3 місяці тому +3

    It’s a shame that companies that have been going for many years have gone bust, just hope the leisure industry sorts out soon 👍 who ever is to blame let’s hope things have turned. But prices of some sites to stay is shocking and people I know who want to caravan have been put off by site fees. Haven in Tenby wanted over £800 for a week in my own caravan in school term. Shocking!!!!

    • @dougle03
      @dougle03 3 місяці тому

      Financial mis-management is to blame. The dealers had amazing times during Covid and post lockdowns, they only have themselves to blame now...

  • @paulwren97
    @paulwren97 3 місяці тому

    Thanks Mark!

  • @alanemery464
    @alanemery464 3 місяці тому +3

    Ten year's ago I was looking for to buy a caravan with cash and they told me the price £90,000 never went back set in

  • @richjbarnett
    @richjbarnett 2 місяці тому

    Prices held up, but have the retail buyers? We thought about buying a caravan, but in the end we bought a nice tent for those few trips in the UK ans booked another 2 weeks in Thailand.

  • @gedtierney374
    @gedtierney374 3 місяці тому +3

    I’m a bit confused. If the caravans were selling at a reasonably high price how come the dealerships have gone bump.

  • @iancharles7596
    @iancharles7596 3 місяці тому +1

    I went to your website as I was interested in the Swift Elegance 845, alas it wasn’t there.

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      We have been away using it sorry, it should be available from next week though £33995.

  • @gillianchisholm6432
    @gillianchisholm6432 3 місяці тому

    I bought my 2017 caravan 2 years ago, totally aware that i was buying at the peak of an inflated market, but i was also aware that prices would plummet at some point. I really dont see how dealers didnt seem to know the same

  • @markcox-t4y
    @markcox-t4y 2 місяці тому +1

    Hi Mark, is it possible to down plate a caravan weight

    • @thecaravanplace
      @thecaravanplace  2 місяці тому

      Yes it should be able to if it's been upgraded in weight. It has to go through a main dealer for the make of caravan, so an enquiry to see if it's possible, via the main dealer service centre or parts.

    • @markcox-t4y
      @markcox-t4y 2 місяці тому

      @@thecaravanplace hi Mark, the only problem I have is it's a lunar, manufacturer doesn't exist anymore

  • @mikenixon5430
    @mikenixon5430 3 місяці тому

    Great video as always but a better introduction would have been useful identifying how / where they were being sold. The only way that I could tell that the caravans were being auctioned was by identifying the BCA logo on the buildings and your tabards.

  • @GlennDoney
    @GlennDoney 3 місяці тому +1

    Watching the video and reading the comments two things come to mind. I live in France so see a slightly view. Firstly carravanning is becoming an expensive luxury and here very much the domain of retirees. We run a 2006 Sterling Europa pulled by a 10 year old car. We need to replace the van, but are holding back one due to cost of vans here, uk is out of the question due to post Brexit rules, and future car restrictions. Even if prices drop dramatically caravanning as we know it is going to all but dissappear with the older generations. Motor homes will the soul solution, hope im wrong.

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      It's going to be an interesting time, put sounds like the diesel car banning all over again.

  • @martinehulme8743
    @martinehulme8743 3 місяці тому +1

    I'd love a caravan, I had to sell one I owned in 2012 due to a break up and finances, I'm currently saving for half the amount I want to spend ( finance the rest) makes me wonder what the best plan is... Do you think the way we finance caravans is part of the problem?? Anyway, I'm about 2 years off yet, I will be coming to yourselves to buy.. 🎉. Currently I'm doing my research for exactly what I want.. great video as always 🎉❤

  • @CaravanWithThatYorkshireChap
    @CaravanWithThatYorkshireChap 3 місяці тому +4

    How were these Caravans being sold? Was it an auction?

    • @jamesgriffiths3057
      @jamesgriffiths3057 3 місяці тому +1

      bca auctions, that's where they were buying from.
      lots of other auctions too.

  • @totaltouring829
    @totaltouring829 3 місяці тому +1

    Here’s my take. The regulars of new buyers have dwindled through natural selection, age and agility for example,. The average wage earner and people on tight budgets with families have been priced out of the market due to their disposable income. With the economy slowing and inflation pressures there are very few buyers with the sort of money who can afford over priced goods.
    The real question is, manufacturers will have no choice but to absorb a loss on gate prices which in turn will bring down forecourt prices.
    The future of the leisure industry lies with encouraging younger consumers or consumers who have caravans reluctant to exchange due to quality issues.
    You are correct that prices are higher than you expected at the auction but you kept your cards close to your chest on how much these units cost you.
    Everyone loves a profit but everyone loves a good deal. Personally, I think there’re is more discounting needed to see just how much people are prepared to pay.

  • @afzalshaikhshahmahammad
    @afzalshaikhshahmahammad 3 місяці тому

    Some nice caravans there.

  • @pete1182
    @pete1182 3 місяці тому +1

    Sometimes caravaning can be a stress, especially if you've got whale equipment and heating and your forever chasing problems and resetting stuff and fixing things. I'm sure a lot of people think sod all the unpredictable hassle, let's just go on a normal holiday where we're looked after.

  • @webpigjohn4959
    @webpigjohn4959 3 місяці тому +2

    Mark you've lost the plot .. you take youre own accommodation with you park it on a site and pay at least £30. £40 a night.. thats a rip off.
    I've checked prices that dealers say is the best in the UK 😂 same make same models and if you search equivalent there's thousands of pounds different.
    My prediction is prices will fall and more dealers sad as it seems will go bust.

    • @KeatB
      @KeatB 3 місяці тому

      Agree. Site fees will put a lot of people off when they can stay in a hotel for not much more. Add in the extra cost of getting your caravan there and the inconvenience of emptying your own toilet etc, and many people don’t see any value in it.

  • @paulbird3235
    @paulbird3235 3 місяці тому

    The thing is we are nearly ar the end of the season, will these vans sell after the end of August. Or will they be on the fore-court until next spring.

  • @DavidBell-l4v
    @DavidBell-l4v 2 місяці тому

    cost of living is a big factor people struggling and in disposable income is just not there for a lot of people who would love to buy a caravan the prices have priced a lot of people out the market

  • @jimfarmer3828
    @jimfarmer3828 3 місяці тому +1

    With the newer caravans being bought from dealers that have gone belly up (say 2020 upwards) what happens to the manufacturers warranty? Are they transferable? Will they (the makers) honour them?

    • @thecaravanplace
      @thecaravanplace  3 місяці тому +1

      Yes you have to pay to transfer, but as long as the servicing is upto date then you can, it is only 6 years for the second owner though and not a 10 year body warranty. 👍

    • @paulbird3235
      @paulbird3235 3 місяці тому +1

      Manufacturers warranties arent really worth the paper they are printed on. (Dealers don't want to do warranty work because the manufacturers only pay them1/3 of what they can charge private customers). This is the state of the business, and the customer pays the price!.

  • @peterbury1934
    @peterbury1934 3 місяці тому +13

    You say buy low and sell out low, are you being truly honest Sir ???

    • @barrysmith7291
      @barrysmith7291 3 місяці тому +1

      Buy low sell high more like it
      🤦🏼😁😁😁😁👍

  • @busterboy7505
    @busterboy7505 3 місяці тому

    Cheers Mark, how much is the unicorn Cadiz and what year is it, 👍👍.

  • @howyjones6797
    @howyjones6797 3 місяці тому +1

    I recently bought new to me a caravan, seller bought it during COVID i paid £3500 less than in beginning COVID

    • @thecaravanplace
      @thecaravanplace  3 місяці тому +1

      Great time for buyers, definitely a buyers market and it will be for a while to come, enjoy you van 👍

  • @lesleyfarrington4809
    @lesleyfarrington4809 3 місяці тому

    Things went mad during lockdown

  • @ch5139
    @ch5139 3 місяці тому

    Prices are ridiculously high, all caravans seem to be thrown together. Walk around any dealership and spot the items that are damaged, missing or just cheap and nasty flimsy stuff - and that’s on new ones! Still using wood on the underside of the floors. We bought our Bailey Orion new in 2012 so I know how they’re put together due to the amount of work I’ve had to do to it. Now it’s fixed to my standard we’ll keep it until it wears out, no way we’d pay those prices for the new garbage. They do look nice though, but beauty is only skin deep. It’s a real rip off industry like double glazing and kitchens!

  • @KeatB
    @KeatB 3 місяці тому

    Caravanning used to be a cheap holiday, now it’s a lifestyle choice at the same cost as many other holidays. When it was cheaper, people were more prepared to put up with the inconvenience. Now it’s on a par, having to carry your own waste across a field and paying £40-50 a night, plus depreciation, plus the initial outlay, plus the extra fuel to drag your bed around, plus potentially needing a bigger car (and unlikely to be realistically run an EV) etc. simply puts people off.

  • @lgx2410
    @lgx2410 3 місяці тому

    It's sad seeing companies go out of business.

  • @ericthompson3729
    @ericthompson3729 3 місяці тому +1

    We were going to buy a new van however the cost of campsites has taken us out of the market

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      Thanks for your comments. I think change is coming and prices are already starting to become sensible. 👍

  • @brianinbrisbane6632
    @brianinbrisbane6632 3 місяці тому

    Thanks for reducing the watermark size. Another favour now too please, can you please be more consistent in adding the vehicle weights in the motorhome adverts. This would help buyers with no C1 licence.

  • @keithnewton8981
    @keithnewton8981 3 місяці тому

    Bringing the prices down is good

  • @paulfuller7409
    @paulfuller7409 3 місяці тому +1

    Caravans are far to expensive even now then there’s the price of site pitches £50 plus to stay at York is a joke camc are the usual culprits.
    And then there is the cost of storage

  • @rapidsendit
    @rapidsendit 3 місяці тому +1

    Remember these dealers that have gone bust supported 20/30 families, how many does this guy support flogging them out dirt cheap, devaluing the market entirely.

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      Yes our business model is keep costs down and keep the caravans at sensible prices. This will be key for the next few years.

  • @mrmeg01
    @mrmeg01 3 місяці тому +7

    The prices where far to high inthe first place

  • @jon-ie4li
    @jon-ie4li 3 місяці тому +2

    Talk about flogging a dead horse, wash out summer, high interest rates, cost of living, site fees , over supply and the market is "stronger than I thought" Get a grip 🤣🤣

    • @barrysmith7291
      @barrysmith7291 3 місяці тому +1

      Your dead right 😂😂😂😂

  • @mattsummersgill7597
    @mattsummersgill7597 3 місяці тому

    Its sad that dealers are going bust, and thst people are losing their jobs. But the whole caravaning industry got way too greedy. The vans themselves were way too expensive, and pitch fees are also way too expensive. Something had to give, and the bubble was always going to pop.

  • @mikeflynn4373
    @mikeflynn4373 3 місяці тому +1

    Campsites are getting so greedy.

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      Some are very expensive, but shop around, not all of them are. 👍

  • @ynottteris
    @ynottteris 3 місяці тому +2

    To be honest, i have absolutely no trust in caravan dealers and the industry at the moment, I bought a 2006 lunar solaris on the 12/6 two weeks later I used it for the first time, all worked great, switched over to gas fridge at night and in the early hours it caught on fire, I informed my dealer who insisted it had had a gas safety check BUT appliances were not tested as they are accessories..... not their problem, fortunately I did take out insurance, my insurance is for market value and if you take the time to hunt the rare solaris 1 out they are between £5 -7000, what have my insurance come back with? £4000 minus £250 excess..... I feel that 99% of you are con artists and deserve to go out of business.

    • @thecaravanplace
      @thecaravanplace  3 місяці тому

      This is not good and surely you should have some come back on the Dealer. If you can evidence to the insurance that you cannot replace like for like for what they are offering, ask them to find a replacement for you. They will try to offer low. You have paid your insurance and hopefully gave the caravan value on the policy, so this is what you should receive. Don't give in 👍

  • @nssimpson
    @nssimpson 3 місяці тому +1

    Will manufacturers be forced to lower their new van prices in 2025?🤞

  • @Ma-fh9on
    @Ma-fh9on 3 місяці тому +1

    Buble had to burst

  • @allanpeters4297
    @allanpeters4297 3 місяці тому

    Caravan holiday parks charge far too much not worth buying one now

  • @KN0852
    @KN0852 3 місяці тому +14

    How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

    • @dagame614
      @dagame614 3 місяці тому

      The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.

    • @SC-4rqub
      @SC-4rqub 3 місяці тому

      Yes, I agree with you. Her platform is wonderful and her strategies are exceptional.

    • @KN0852
      @KN0852 3 місяці тому

      Please educate me. I've come across this name before. Now I am interested. How can I reach her?

    • @ann-ie4hc
      @ann-ie4hc 3 місяці тому +1

      That's her username👆

    • @MatthewRobinson3
      @MatthewRobinson3 3 місяці тому

      Sounds familiar, I have heard her name on several occasions and both her success stories in trading.
      big kudos to this woman?

  • @paulsherwood6010
    @paulsherwood6010 2 місяці тому

    Is it due the greed/demand in the first place?

  • @monami5201
    @monami5201 3 місяці тому +3

    Sorry but lots of talk about prices, but no mention of prices. Not much point in talking about it if you are not mentioning what they are going for.

    • @BrianFowler-zc9lp
      @BrianFowler-zc9lp 3 місяці тому +1

      He will not reveal prices as you will know his mark up percentage.

  • @Live_it_Love_it-50
    @Live_it_Love_it-50 3 місяці тому

    How can I buy one of these from a bust company

  • @paulbird3235
    @paulbird3235 3 місяці тому +2

    The second-hand dealers caused the inflated prices (low supply and high demand, dealers then highly inflated prices) they are now paying the price because of their greed. (prices are getting back to pre-covid levels and lower demand). This will be better for everyone in the future, the moral of this is DON'T RIP OFF YOUR REGULAR CUSTOMERS. One day you will need them back.

  • @danielsellers8538
    @danielsellers8538 3 місяці тому

    There are overpriced all vans, and l feel it's due to covid. All prices have gone crackers

  • @paulsheehan2998
    @paulsheehan2998 3 місяці тому +1

    I'm holding
    Like many
    I'm saving for a caravan and each month I get closer to a van that was completely out of reach 18m ago.

  • @jockserb3405
    @jockserb3405 3 місяці тому

    Not trying to be funny here, love your videos though. At auction, you say the prices are still high. Isn't this the dealers keeping the values up by bidding against each other, mate? I am not in any way involved in the caravan market, though. Don’t you see what’s happening? Also, with the way things are going, are you not worried about your business?

    • @jamesgriffiths3057
      @jamesgriffiths3057 3 місяці тому

      just go online can see what they have been sold for.
      this is bca auctions.

    • @galaxyb1103
      @galaxyb1103 3 місяці тому

      You need a trade buyer account to log on and view stock at BCA, I just tried it and got stuck there.

    • @jamesgriffiths3057
      @jamesgriffiths3057 3 місяці тому

      ​@@galaxyb1103 I've got an account anyway.
      some auctions you don't need an account to view.
      publucaly available.

  • @musicmancjp
    @musicmancjp 3 місяці тому +1

    Not only are caravans prices far to high, but more concerning now labour is in power is pressure on the motorist and people finding affordable tow cars that firstly will tow well and secondly not be penalised will ulez and congestion charges as they roll out schemes similar to London. For a large number of normal people the cost of caravanig may become financialy not viable.

  • @johnarnold5891
    @johnarnold5891 3 місяці тому

    Happy Jack I've make comments on different sites, about the stupid prices for years, like the German caravans and motor homes a lot of people replied yur only jealous, because I criticised a motor home value one hundred and eighth thousand, all the wealth people lots of replied the money people osact

    • @johnarnold5891
      @johnarnold5891 3 місяці тому

      Sorry got way laid now .ridiculed i meant i would buy another house rather than a motor home at that price 😅

  • @straighttalkingguy7366
    @straighttalkingguy7366 2 місяці тому

    Just wait the crash is coming the prices will tumble down . Just think of all those people who bought large caravans for 40k or it soon won't be a third of that

  • @marcrufus5814
    @marcrufus5814 3 місяці тому

    You probably don’t remember but back in 20121 or 22 I commented on a video you posted about high prices saying just make sure you don’t buy too many vans at the over inflated prices and get stung when the prices drop. This seems like many dealers gambled on prices staying high and loaded up on stock and got caught out by the inevitable drop in prices. Especially with the build quality issues many are finding with Covid vans. Anything from 2019 could be one of those vans with quality issues….

  • @pmtilbury6596
    @pmtilbury6596 3 місяці тому +2

    The Labour tax rises are going to kill all these expensive hobbies like caravanning

  • @dougle03
    @dougle03 3 місяці тому +4

    Why are you not being transparent with your buy prices... You want to keep the market at its current unsustainable high prices, you are part of the problem... This is basically a puff piece designed to bolster public confidence in the market. The reality is prices need to come down by quite a lot, especially the greedy ones...

    • @thecaravanplace
      @thecaravanplace  3 місяці тому +1

      We have always moved with the market, prices are definitely coming down, but not as quick as even we thought, but as mentioned we will be selling some of these caravans around £3000 cheaper than anyone else. We did do a video a while back where we broke down our profit margins and what we actually earn after vat, tax and costs. Think it was called The dealer ripped me off or similar.

  • @waltmcv
    @waltmcv 3 місяці тому +5

    its the dealer fault, they over inflated prices and are now paying the price. i have no sympathy for greedy dealers, sorry but they deliberately over priced everything.

    • @Nagsheadwarrior
      @Nagsheadwarrior 3 місяці тому

      aah yeah so the people pxing the stock weren't getting higher px prices through the covid demand increase then?

    • @waltmcv
      @waltmcv 3 місяці тому

      @@Nagsheadwarrior no they weren't, dealers I looked at and went to many to find the van I wanted were offering bottom book for trade in and to dollar for sales. It's a fact.