Opinions on the used car market
Discussion
Hello,
I've been looking at a broad range of cars in the market over the last 6 months and in my view there is significant inflation/asset bubble going on.
Obviously at some point this asset bubble will deflate. However, what I'm interested in is opinions on where we are in the inflation cycle. For context, I'm looking to buy a car but I'm unsure if I should take the plunge on a nice car and hold it for 12-24 months, not losing money or buy a banger, save the cash and wait for the deflation cycle to begin.
The sort of cars I'm talking about being in an inflation bubble are Porsches, Nissan GTR, Lotus Elise, anything remotely "classic", etc. Cars like the 4C, RS3 and Focus RS are often more expensive used than new. Obviously the very high price of new cars (I'm looking at you £91,000 RS5 I saw in the Audi dealership on Sunday) has an impact.
I'm particularly interested in the views of people who buy/sell cars regularly about where we are in the inflation cycle. Are the market indications that the top is still to be reached, that we're at plateau or that we're starting to see price declines?
I've been looking at a broad range of cars in the market over the last 6 months and in my view there is significant inflation/asset bubble going on.
Obviously at some point this asset bubble will deflate. However, what I'm interested in is opinions on where we are in the inflation cycle. For context, I'm looking to buy a car but I'm unsure if I should take the plunge on a nice car and hold it for 12-24 months, not losing money or buy a banger, save the cash and wait for the deflation cycle to begin.
The sort of cars I'm talking about being in an inflation bubble are Porsches, Nissan GTR, Lotus Elise, anything remotely "classic", etc. Cars like the 4C, RS3 and Focus RS are often more expensive used than new. Obviously the very high price of new cars (I'm looking at you £91,000 RS5 I saw in the Audi dealership on Sunday) has an impact.
I'm particularly interested in the views of people who buy/sell cars regularly about where we are in the inflation cycle. Are the market indications that the top is still to be reached, that we're at plateau or that we're starting to see price declines?
I don't think it will,
Ex-lease cars and the like are being stored in the hundreds to stop the used car market being saturated.
May not affect the high end motors, but things like Golf R's Focus RS's and M135i - M140i are everywhere these days, yet the used prices are strong and don't look to be changing!
Ex-lease cars and the like are being stored in the hundreds to stop the used car market being saturated.
May not affect the high end motors, but things like Golf R's Focus RS's and M135i - M140i are everywhere these days, yet the used prices are strong and don't look to be changing!
AllyBassman said:
I don't think it will,
Ex-lease cars and the like are being stored in the hundreds to stop the used car market being saturated.
May not affect the high end motors, but things like Golf R's Focus RS's and M135i - M140i are everywhere these days, yet the used prices are strong and don't look to be changing!
Ex lease cars being stored where ? The majority of them head straight to an auction when the lease term is up.Ex-lease cars and the like are being stored in the hundreds to stop the used car market being saturated.
May not affect the high end motors, but things like Golf R's Focus RS's and M135i - M140i are everywhere these days, yet the used prices are strong and don't look to be changing!
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