So as we all know the US dollar is crashing and falling like the nursery rhyme "London Bridge is Falling Down, Falling Down, Down , Down....."

It has been a habit now for some months that car dealers especially the ones on Nairaland, took advantage of the crisis. In fact i saw one guy post an ad for a Tokunbo Volvo s40 or so for almost a million Naira, the year of that car was either 96/98 can't really recollect. But my point is finally they can't hide on the disguise of
"Dollar is costly"

So my questions are thus:-

1. Will they sell tokunbo corolla sport 03-05 for 1.2/1.4m instead of selling between 2-2.2m. Also good to note that they're selling the Nigerian used version for 1.8m
1. Will prices fall or will they continue with the excuse of
"You can see the price of dollar is high"

Well for me I know it will be one story or the other. But am happy at least if I don't get a good price here na to go to one of those auction sites and buy my car directly from reasonable sellers that have conscience.

The truth is that it will take at least one month or even two for price of commodities to really reflect the naira appreciation if the naira sustains it's strength against the dollar.

I concur

For cars, it will take at least 2months to reflect on the price of cars if the crash is sustained.

Where is lalasticlala when you want some love mbok?

What's the appreciation like sef? How much is naira to $$ now?

a

SIMEONMPEE:
Especially those that are selling used car.. which they have used for more than 2, 3, 4, 5 year... I was so shock seeing Toyota highlander used 2003 to 2005 selling for 2. 3m to 2. 8m

Most of those car are bought far lesser than the price they want to sell now

I swear na we Nigeria they do ourselves

greedy

my brother I concur to what you said, we are to greedy. last month someone posted a 1999 Lexus es 300 for 1.250, can you imagine that

People selling Nigerian used cars at higher amounts that they bought it after using it anyhow. We wait and see.

As in ehhh. Me just lock up pendin when the prices drop abit.

Dottore:
The truth is that it will take at least one month or even two for price of commodities to really reflect the naira appreciation if the naira sustains it's strength against the dollar.

methinks it's going to take 3-4 months

The greedy dealers are really going to suffer for this. 5 months is not really too much time to wait for because I just can't imagine buying a Tokunbo pencil camry for over a million naira.

Big loss mehn

Nairaland sellers are like the greediest sellers I've ever come across on a single platform. Good for them

At 380 to a dollar the Niar is sti bleeped up

Thats the result of been patient

hehehe

a

Keep falling down

.

Not only them, importers generally.

bjhaid:
Big loss mehn

You deals in car, in addition to dealing with the bookies?

That was hw i saw 2007 camry on NL for 4.7m nd i cud nt help but wonder what kind of tin hatred we av for each oda...

Winter is coming for them..

Market don spoil for them be that nah

chukel:
For cars, it will take at least 2months to reflect on the price of cars if the crash is sustained.

taaaaa!!! Nigerians are the enemies of Nigeria. If there's a problem, it doesn't take a second to hike prices, when things are returning to normal now, Nigerian traders who are the devil's will refuse to do the corresponding change in prices of goods and services. Tell me who us now to blame . If u go to buy something from the mkt, the sellers first make calls to either lagos or Onitsha to knw if prices have changed. What sort of a country is dis? Now that dollar is crashing, u may not believe me some pple are not happy. U can imagine ..

Correct

Absa:
That was hw i saw 2007 camry on NL for 4.7m nd i cud nt help but wonder what kind of tin hatred we av for each oda...

The tire me ooo my brother

Dottore:
The truth is that it will take at least one month or even two for price of commodities to really reflect the naira appreciation if the naira sustains it's strength against the dollar.

You have spoken very correctly. Well done! *In Joke Silva's voice*

Dollar is falling down, falling down, falling downnnnnnnn





Me likey

If you want to purchase a vehicle then stay away from nairaland dealers. Most times they inflate the prices above a 100%