New Disco Sport - Effect on second hand prices

New Disco Sport - Effect on second hand prices

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Discussion

Nexus5

Original Poster:

11 posts

115 months

Friday 29th August 2014
quotequote all
My first post on PH, hello all!

Looking at buying a Land Rover Discovery 4 second hand, but find its just a bit out of price range of £20k. Anyone spoken to a dealer yet on what sort of impact the new Discovery Sport will have an on prices of the Disco 4s?

Ta

Bill

52,472 posts

254 months

Saturday 30th August 2014
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It's the Freelander replacement, so I suspect it'll have next to no effect at all. I thought the Evoque would hit used RRS prices, but unfortunately not.

HarryW

15,150 posts

268 months

Saturday 30th August 2014
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As already said different market segment, unless it has a more discovery like drive chain, which I doubt. it is as far as I can tell its pretty much an Evoque with more room. It may impact the Evoque prices and sales more....

hilly10

7,076 posts

227 months

Monday 1st September 2014
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HarryW said:
As already said different market segment, unless it has a more discovery like drive chain, which I doubt. it is as far as I can tell its pretty much an Evoque with more room. It may impact the Evoque prices and sales more....
Yes I think Evoque prices will take a little dive, simply because people who want that little more boot space will go for it. But there again there is talk of a longer wheelbase Evoque next year

Wilmslowboy

4,188 posts

205 months

Wednesday 3rd September 2014
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Just been reading on another forum that late discos are predicted to take a £3k drop in value in the month of September. - this is less due to the new sport bring launched and more to do with volumes coming onto the used mkt (big jump up in production 3 years ago)

The post has a link to CAP black book graph that shows the drop, plus the experience of a buyer who's new car got delayed and the trader has reduced his trade in by £3k in the mean time.


Saying all that I can see there being a lot if support for decent discovery 4 with sensible miles at £20k especially as we go into October and November.

EC2

1,447 posts

252 months

Wednesday 3rd September 2014
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I would not over analyse it. As has been said, the Disco Sport replaces the Freelander so I doubt it will do anything - no low ratio box, no air suspension, no 6 cylinder engines, tiny rear seats and much smaller boot so impact minimal.

As for falls in book value, the market prices cars on three plate changes a year - 1 Jan, 1 Mar, 1 Sep - so you will always get large changes around these dates.

HarryW

15,150 posts

268 months

Wednesday 3rd September 2014
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Ok having looked at the information released today me thinks this new Disco Sport is too close to the Evoke and hence will impacts its sector most. Also given it has leapt up in price since the FL2 a lot of the lower FL2 segment will look else where. All in all I think JLR may have blundered on this one.

EC2

1,447 posts

252 months

Wednesday 3rd September 2014
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I don't think they have made a mistake here as they can easily introduce a £30k spec car once demand eases so max £28.5k OTR will be fine for many. Mind I don't know why they don't keep low end FL2 going as a £20-25k car.

yellowbentines

5,295 posts

206 months

Wednesday 3rd September 2014
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EC2 said:
they can easily introduce a £30k spec car once demand eases..
How can they do that or go down further to £28.5k?

The £32395 entry level SE spec already has a manual gearbox, the old TD4 engine, no nav, no full leather etc etc.

The only way they can really de-spec it further is offer it in 2WD, lose the 3rd row seats, and spec it with wind-down windows and steel wheels with trims wink

Bill

52,472 posts

254 months

Wednesday 3rd September 2014
quotequote all
yes I don't think JLR have plans to do anything other than move upmarket.

HarryW

15,150 posts

268 months

Wednesday 3rd September 2014
quotequote all
EC2 said:
I don't think they have made a mistake here as they can easily introduce a £30k spec car once demand eases so max £28.5k OTR will be fine for many. Mind I don't know why they don't keep low end FL2 going as a £20-25k car.
Model for model against the outgoing FL2 the Disco Sport has increased in price by 12-22%. I find that a bit of a piss take tbh.

EC2

1,447 posts

252 months

Wednesday 3rd September 2014
quotequote all
yellowbentines said:
How can they do that or go down further to £28.5k?

The £32395 entry level SE spec already has a manual gearbox, the old TD4 engine, no nav, no full leather etc etc.

The only way they can really de-spec it further is offer it in 2WD, lose the 3rd row seats, and spec it with wind-down windows and steel wheels with trims wink
It's an option! Taking out the half leather will help as well but with cars like the Mazda CX5 selling mainly in 2WD it might work. BTW meant £28.5k after discount from £30k list.

EC2

1,447 posts

252 months

Wednesday 3rd September 2014
quotequote all
HarryW said:
Model for model against the outgoing FL2 the Disco Sport has increased in price by 12-22%. I find that a bit of a piss take tbh.
They did the same with the D4 over D3 but residuals have increased so much that depreciation is similar. Clever trick.