Brexit and it's influence on bus prices

[NASkeet]

Both new and second-hand cars have probably always been more expensive in Great Britain than in the USA. In many cases, cars in Britain were circa 1½~2 times more expensive for virtually the same car.

During the years following the Second World War, buying a car was regarded as an uber-luxury item, which was HEAVILY taxed (close to 100% for expensive luxury cars and sports cars) in a bid to discourage imports and encourage exports to gain income, after Great Britain and the British Empire was bankrupted fighting the war during 1939~45. Rationing of food and other items continued well into the 1950s.
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Regards.

Nigel A. Skeet

Independent tutor (semi-retired) of mathematics, physics, technology & engineering for secondary, tertiary, further & higher education.

Much modified, RHD 1973 VW "1600" Type 2 Westfalia Continental campervan, with the World's only decent, cross-over-arm, SWF pantograph rear-window wiper

Onetime member, plus former Technical Editor & Editor of Transporter Talk magazine
Volkswagen Type 2 Owners' Club (Great Britain)

http://www.vwt2oc.net

[Rubber Duck]

Wow! 100%!! They DO love their taxes over the pond eh.
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Rubber Duck
1974 Westfalia

[NASkeet]

[SGKent]

I was just looking at huge number of semi-restored buses newly up for sale here. My take is that there are so many buses being flipped right now where people are expecting to buy a bus cheap, fix it up on the cheap and make money, that between the surplus of buses and the Brexit we'll see prices fall to 50% of where they are now within a year. There aren't enough US buyers in the higher price ranges to justify the number of buses for sale. Once the weak sisters are crushed, the stock ones in excellent condition will go up, and the fad buses will remain depressed. That is my take now. The flippers also depress the market because they give the illusion that if you buy a bus you'll get burned. At the same time NOS parts will start to get really scarce so we'll see more conversions and "it ran before I parked it." Lots of buses coming out of storage right now where they haven't run in 10 - 15 years and people are trying to get them going to flip them. The market can only go down. My guess is that flippers are going to get stuck with a lot of the buses they planned to flip for a profit, especially if the UK stops exporting buses out of the USA. As parts become more scarce, daily drivers will falter too. The local CL are really saturated with over-priced flippers - and they are sitting and sitting because everyone has them way overpriced. Surplus of units for sale can only mean reduced prices.
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[Alan Brase]

[SGKent]

[mikedjames]

Even at $1 = £1 your buses are cheap to us in the UK.
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Ancient vehicles and vessels

1974 VW T2 : Devon Eurovette camper with 1641 DP T1 engine, Progressive carb, full flow oil cooler, EDIS crank timed ignition.
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1979 Westerly GK24 24 foot racer/cruiser yacht Forethought of Gosport.
1973 wooden Pacer sailing dinghy

[Abscate]

My call on this one? Brexit never happens. Despite the vote, some in government has to invoke Article 50. No one wants to do that as thinking people have figured out that this was a stupid move. The old young split delays action until the thing dies.

Impact on luxury purchases like Busses....none.
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.ssS!

[Rubber Duck]

[airschooled]