Used car market is dead...?
Discussion
red_slr said:
Perhaps the way I worded the post was not clear. I am not fussed it did not sell on here. I clearly over priced it. I let an auction decide its value which was a good bit lower than I was expecting. That's market value, IMHO.
I have no issue with PH. I have sold everything from snotters to high end on PH no problem. If you price them right they will go. I have sold £50,000 cars on here in less than a day because they were priced right.
Yes, the "market" probably decided the value via an ebay auction. Gumtree would have attracted the nutters and autotrader tends to work better for cars up the money.I have no issue with PH. I have sold everything from snotters to high end on PH no problem. If you price them right they will go. I have sold £50,000 cars on here in less than a day because they were priced right.
Ive never had a world of luck with Pistonheads personally, and rarely bother with it when advertising
Hell27 said:
Been watching this thread with interest - getting a new lease car in about 3 weeks so have just put my 5 series on the trader with 20 pictures. I was going to go down the WBAC route but figured I'd lose hundreds on the odd dent and scratch. We'll see how I get on - it's got a LOT of service history so ideally this will appeal.
might be worth trying https://www.tootle.co.uk/heard a few peeps had good results through it....
Wilmslowboy said:
Hell27 said:
Been watching this thread with interest - getting a new lease car in about 3 weeks so have just put my 5 series on the trader with 20 pictures. I was going to go down the WBAC route but figured I'd lose hundreds on the odd dent and scratch. We'll see how I get on - it's got a LOT of service history so ideally this will appeal.
might be worth trying https://www.tootle.co.uk/heard a few peeps had good results through it....
A waste of time with no interest or very poor offers.
ex1 said:
Have you? I've heard the exact opposite.
A waste of time with no interest or very poor offers.
No tried it myself (yet) but will do, last week someone on another forum sold their cayenne, 5% more than WBAC and a Porsche specialist offered..... A waste of time with no interest or very poor offers.
I guess it comes down to, if selling a popular retail quality car - late BMW 5...has got to be high on the want list for more than a few dealers....
Edited by Wilmslowboy on Sunday 21st May 18:57
daemon said:
lord trumpton said:
I put it on Autotrader for 9750 and the phone never stopped ringing. Buyer collects tomorrow for full asking price
I think one or two people might need to eat humble pie...balfron100 said:
the car is overpriced at 10k for a private sale, if you are getting offered £8000 then that sounds a fair price.
ex1 said:
These are very spec sensitive and his isn't a good spec.
There are loads of 520d to chose from.
The arse has dropped out of diesel.
Most people at this level want finance and have a px.
= He will be lucky to get much more than £8k.
There are loads of 520d to chose from.
The arse has dropped out of diesel.
Most people at this level want finance and have a px.
= He will be lucky to get much more than £8k.
kin_hypocrite" on another forum)daemon said:
VGTICE said:
daemon said:
VGTICE said:
daemon said:
VGTICE said:
I always price my cars above the market closer to dealers than private, based on condition which is my USP. It takes a while to find the right person but it always happens. I do enjoy declining low ball offers, some people get really upset which is funny.
As is your prerogative by the way. As is mine to find it really funny that some chimps out there price their cars higher than i can get the same car off a franchised dealer.Laughing all the way to the bank actually
And your point? Someone was stupid enough to pay you dealer prices.
Doesnt mean we all are.
How dumb would i have to be?
Maybe i should go and flush the £500 or so down the toilet just to replicate the experience?
VGTICE said:
Yeah there's one more guy on here that should eat a container full of humble pie, it's this guy here (he's also know as a "fkin_hypocrite" on another forum)
Awww - are you still stinging from that?kin_hypocrite" on another forum)Bless!
Well...
(a) you need to get over it and Move On
(b) I dont use the username Daemon on any other forum so thats nonsense
(c) on the forum thread you quoted, its the same message - if your car is priced correctly its an awful lot more likely to sell as is an extremely price sensitive market. And likewise its Banal to think for run of the mill cars that a private buyer will pay more than dealer prices for a private sale car?
(d) you need to look up the meaning of the word "hypocrite" - as my message on that thread is consistent with the one here - its a price sensitive market and you need to price accordingly.
And just to prove that point further - that Passat i referred to in that forum thread, which at that time was on at £15750 from a private seller when i bought mine for £15,250 from a main VW dealer (incl full tank of fuel, choice of car and colour, mats, flaps, full service, years recovery, years road tax, valeted) is STILL for sale, though now (and no doubt hes doing us a favour) hes dropped it by £250 to £15,500.
http://www.autotrader.co.uk/classified/advert/2017...
And wheres the dealer prices now? £14,500 from the likes of Arnold Shark
http://www.autotrader.co.uk/classified/advert/2017...
OR starting from £14,950 from a main VW dealer
http://www.autotrader.co.uk/classified/advert/2017...
That particular private sale car needs to be £13,995 to get the phone ringing NOT £1,000 more than you can buy from a big dealership.
Edited by daemon on Sunday 21st May 13:04
Hell27 said:
Been watching this thread with interest - getting a new lease car in about 3 weeks so have just put my 5 series on the trader with 20 pictures. I was going to go down the WBAC route but figured I'd lose hundreds on the odd dent and scratch. We'll see how I get on - it's got a LOT of service history so ideally this will appeal.
If its the advert i think it is, i wouldnt lead with "a few dents and scratches..." - its off putting. I personally wouldnt mention the dents and scratches if they're consistent with age and mileage. People will chip you back anyway on price. It looks great in the pictures, the history is impressive and the spec good (esp having HUD). You want people to see all that and i think "a few dents and scratches...." as a lead sentence will just have people click on to the next car...Looks a nice car, good spec, great history - price looks reasonable.
If the phone doesnt ring i'd drop the price to £3995 as it'll then appear when people search for "under £4,000".
I'd hold on tight for as close to your asking price as possible - particularly if you drop to £3995 to get the phone ringing - thats a rare and interesting spec so if someone appreciates it they'll pay it.
Looking at the rows, and rows, and rows of nearly new stock in most car dealers, i think the used car market is going to die a death at some point, which means residuals will plummet, which will push up leasing costs, and the market will re-stabilise. How long that loop will take, er, no idea!
ex1 said:
RobDown said:
That's it, you keep telling yourself everyone else is lying and that your theory is right. As I said, never let the facts get in the way of a good story....
Where does that report give us any facts that support your argument? Its all % bullst without any underlying data. The only people BCA care about impressing are their vendors, thats all any of their stats do.Take a look at what Autotrader are saying - "demand for diesel down 14%+" . "Available stock of diesel up."
Take a look at what Glasses Business are saying - "Oversupply = 2.5% reduction in June"
Diesel is on its arse and isn't coming back any time soon.
daemon said:
If its the advert i think it is, i wouldnt lead with "a few dents and scratches..." - its off putting. I personally wouldnt mention the dents and scratches if they're consistent with age and mileage. People will chip you back anyway on price. It looks great in the pictures, the history is impressive and the spec good (esp having HUD). You want people to see all that and i think "a few dents and scratches...." as a lead sentence will just have people click on to the next car...
Looks a nice car, good spec, great history - price looks reasonable.
If the phone doesnt ring i'd drop the price to £3995 as it'll then appear when people search for "under £4,000".
I'd hold on tight for as close to your asking price as possible - particularly if you drop to £3995 to get the phone ringing - thats a rare and interesting spec so if someone appreciates it they'll pay it.
It is mate, thanks for the advice. I'll do a little editing. its also on PH classified, might appeal to the PH community as it does have a nice rare spec. Looks a nice car, good spec, great history - price looks reasonable.
If the phone doesnt ring i'd drop the price to £3995 as it'll then appear when people search for "under £4,000".
I'd hold on tight for as close to your asking price as possible - particularly if you drop to £3995 to get the phone ringing - thats a rare and interesting spec so if someone appreciates it they'll pay it.
Edited by Hell27 on Sunday 21st May 14:35
Max_Torque said:
Looking at the rows, and rows, and rows of nearly new stock in most car dealers, i think the used car market is going to die a death at some point, which means residuals will plummet, which will push up leasing costs, and the market will re-stabilise. How long that loop will take, er, no idea!
they always have rows of stock you dumbass, otherwise they have space not being used for anything which is clearly a cardinal sin in retail. Do you assume when you go into tesco that the rows and rows of apples mean that there is a 'obvious' apple crisis? VGTICE said:
daemon said:
VGTICE said:
daemon said:
(snip all the deluded_hypocrite drivel)
Yep, that's what I call a same day home run and a touchdown. kin hypocrite"?king hypocrite" on another forum, so what was this forum given that i dont use daemon on any other forum? And it needs to a "real" forum - not just one in your head that your imaginary friends post on?And likewise, how does what i posted on that other thread on here make me - in your mind - a "f
king hypocrite"?Its a consistent message - right price is a big part of the battle. Priced wrong and a car wont sell. Price a car at +£500 more than a main dealer will sell the same car for and - assuming its common or garden stock - the phones very unlikely to ring. That seems like common sense?
And bemusingly, the car example you were describing me as a "f
king hypocrite" for is still for sale and is now £750 dearer than i could buy one off a big dealer group?So i'm really not seeing it.
So go on - enlighten me as to how that makes me a "f
king hypocrite"?Edited by daemon on Sunday 21st May 16:05
Edited by daemon on Sunday 21st May 16:09
Edited by daemon on Sunday 21st May 16:10
Hell27 said:
daemon said:
If its the advert i think it is, i wouldnt lead with "a few dents and scratches..." - its off putting. I personally wouldnt mention the dents and scratches if they're consistent with age and mileage. People will chip you back anyway on price. It looks great in the pictures, the history is impressive and the spec good (esp having HUD). You want people to see all that and i think "a few dents and scratches...." as a lead sentence will just have people click on to the next car...
Looks a nice car, good spec, great history - price looks reasonable.
If the phone doesnt ring i'd drop the price to £3995 as it'll then appear when people search for "under £4,000".
I'd hold on tight for as close to your asking price as possible - particularly if you drop to £3995 to get the phone ringing - thats a rare and interesting spec so if someone appreciates it they'll pay it.
It is mate, thanks for the advice. I'll do a little editing. its also on PH classified, might appeal to the PH community as it does have a nice rare spec. Looks a nice car, good spec, great history - price looks reasonable.
If the phone doesnt ring i'd drop the price to £3995 as it'll then appear when people search for "under £4,000".
I'd hold on tight for as close to your asking price as possible - particularly if you drop to £3995 to get the phone ringing - thats a rare and interesting spec so if someone appreciates it they'll pay it.
Edited by Hell27 on Sunday 21st May 14:35
It looks a nice car - rare spec with HUD too and great history.
daemon said:
VGTICE said:
daemon said:
VGTICE said:
daemon said:
(snip all the deluded_hypocrite drivel)
Yep, that's what I call a same day home run and a touchdown. kin hypocrite"?king hypocrite", so what was this forum given that i i dont use daemon on any other forum? And it needs to a "real" forum - not just one in your head that your imaginary friends post on?And likewise, how does what i posted on that othre thread on here make me - in your mind - a "f
king hypocrite"?CS Garth said:
Yipper said:
The whole UK economy has slowed, ahead of the General Election. People are pausing until they have certainty on the result and which way the Brexit negotiations will be headed.
Precisely - growth fell somewhat in the GDP figures last week. Whilst clearly Brexit isn't exclusively responsible anyone who denies it has contributed is deluded. lord trumpton said:
Charlie Hoskins said:
daemon said:
Charlie Hoskins said:
OddCat said:
Charlie Hoskins said:
I've just had yet another 'interested party' asking 'any question no matter how trivial that isn't covered in the extensive description in an effort to build up a dialogue over a number of texts....' before popping the question 'would you accept X ?'
Pathetic.
....well, i suppose whether or not it is pathetic depends largely on how near X is to your asking price / the realistic value of your car ?Pathetic.
I'm putting the price up.
That way those who feel inclined to bid me in the b
ks might just come close.I'm getting fussier now though and applying an 'attitude test' to potential buyers. Like rehoming a much loved pet.
Bloke approaches car and says they have seen a few and this one was the best by far. Wife immediately says 'too big'.
Bloke rattles something back at her in their native tongue and she scurries off to their car.
He opens the door and starts engine (from cold) and proceeds to rev the f
k out of it. I tell him to stop and ask why he was doing that...He replies 'check engine'
Then he says 'waz lass'
?
'Waz lass pry'?
I assumed he meant 'what's the last price/lowest price'
I told him 9500 and he said he'll call tomorrow. He obviously didn't.
Whole episode was done and dusted in less than 5 minutes.
Bizarre
Thanks for the advice from all - particularly our expert in residence daemon
Blown2CV said:
Max_Torque said:
Looking at the rows, and rows, and rows of nearly new stock in most car dealers, i think the used car market is going to die a death at some point, which means residuals will plummet, which will push up leasing costs, and the market will re-stabilise. How long that loop will take, er, no idea!
they always have rows of stock you dumbass, otherwise they have space not being used for anything which is clearly a cardinal sin in retail. Do you assume when you go into tesco that the rows and rows of apples mean that there is a 'obvious' apple crisis? 
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