Cars not selling
Discussion
I’m in no immediate rush, but I’m very keen to buy a Porsche Cayenne Turbo (2010-).
As far as I can see the same cars are for sale now as they were 2 months ago. Almost (perhaps precisely) no movement in the market.
Is this a slow market, or is this car just massively over priced currently?
As far as I can see the same cars are for sale now as they were 2 months ago. Almost (perhaps precisely) no movement in the market.
Is this a slow market, or is this car just massively over priced currently?
This time of the year most cars sale slowly anyway...Christmas, New Year etc, people have other things they spend their money on. It's a great car and you will love it, but if you are really that concerned about this, then I would say you should buy a Ford Focus 1.6 petrol! There should be no problem when you come to sell it!
I don't know the market for them but on the face of it to me then are big, expensive cars and cost a lot to run.
We have just had Christmas so a lot of people will be being careful with there funds, also small business owners as they want to wait until April so they know how good a year they have had before spending much money.
This is also a good thing for a buyer though as you are likely to get a better deal this time of year as a lot of people want the money at the moment. All my own opinions of course.
We have just had Christmas so a lot of people will be being careful with there funds, also small business owners as they want to wait until April so they know how good a year they have had before spending much money.
This is also a good thing for a buyer though as you are likely to get a better deal this time of year as a lot of people want the money at the moment. All my own opinions of course.
Looks like I'm in a similar boat to you. I've been looking for about 4 or 5 months, admittedly for a >2014 Diesel S. Same cars at same money as 4 months ago being advertised. These must be losing near on a grand a month sitting on a forecourt. I put a strong offer in on one I wanted in Nov, which was turned down. It's still for sale at the original price. I don't understand it either. Perhaps someone would be kind enough to offer an explanation.
Yes - Turbo is the same. All the same cars at all the same prices as 2-3 months ago. And private sellers trying to achieve the same prices as dealers.
It's obviously a bit of a niche market, but the fact there is no movement suggests to me that sellers expectations might be too high.
I've seen a couple of Turbo's have been through BCA auctions recently, but I don't have access to see what prices were achieved/whether they actually sold
It's obviously a bit of a niche market, but the fact there is no movement suggests to me that sellers expectations might be too high.
I've seen a couple of Turbo's have been through BCA auctions recently, but I don't have access to see what prices were achieved/whether they actually sold
They're not reducing for a couple of reasons:
A) If you have one & are selling you may need to achieve a certain number to step up to a newer car & in the meantime you keep on using the car as it's working perfectly well.
B) You're a dealer who has to get a certain amount of money.
C) There aren't that many around so they'll stick to the price they're asking.
As a buyer you have to look at the market if they're all around similar money & not dropping in price you can either make a bid a lot nearer to the asking price or if you want to spend less look at different cars.
When selling my own cars I expect it to take 1-3 months to sell but I'm happy to hold onto it until sells so I don't drop much, my CLK55 took just over 3 months but a month of that was me hanging on whilst trying to get a replacement.
I asked a high price as it had a number of upgrades in the end I dropped £500, yes I had a fair few offers verging on the ridiculous to okay ish (if it had been standard), the buyers that gave okay (around 2k under) offers were shocked when I turned them down flat.
The used car market will always ebb & flow between over supply & not enough for sale what you pay will be dependent on where the market is on the curve.
A) If you have one & are selling you may need to achieve a certain number to step up to a newer car & in the meantime you keep on using the car as it's working perfectly well.
B) You're a dealer who has to get a certain amount of money.
C) There aren't that many around so they'll stick to the price they're asking.
As a buyer you have to look at the market if they're all around similar money & not dropping in price you can either make a bid a lot nearer to the asking price or if you want to spend less look at different cars.
When selling my own cars I expect it to take 1-3 months to sell but I'm happy to hold onto it until sells so I don't drop much, my CLK55 took just over 3 months but a month of that was me hanging on whilst trying to get a replacement.
I asked a high price as it had a number of upgrades in the end I dropped £500, yes I had a fair few offers verging on the ridiculous to okay ish (if it had been standard), the buyers that gave okay (around 2k under) offers were shocked when I turned them down flat.
The used car market will always ebb & flow between over supply & not enough for sale what you pay will be dependent on where the market is on the curve.
Over Christmas doing the usual surfing on AT I was quite surprised how cheap newer Cayennes are brutal loses if you've bought new!
My colleague was doing a deal on a C class on Friday and he had 3 dealers biting his hands off, one said that December for them was one of the worst he can remember.
It's been mentioned in a few places here but there is definitely a strange point in the market with incredible lease deals on new, the 2-3 year old used cars are now not so good value as the manufacturers have to claw money back.
My colleague was doing a deal on a C class on Friday and he had 3 dealers biting his hands off, one said that December for them was one of the worst he can remember.
It's been mentioned in a few places here but there is definitely a strange point in the market with incredible lease deals on new, the 2-3 year old used cars are now not so good value as the manufacturers have to claw money back.
strath44 said:
Over Christmas doing the usual surfing on AT I was quite surprised how cheap newer Cayennes are brutal loses if you've bought new!
My colleague was doing a deal on a C class on Friday and he had 3 dealers biting his hands off, one said that December for them was one of the worst he can remember.
It's been mentioned in a few places here but there is definitely a strange point in the market with incredible lease deals on new, the 2-3 year old used cars are now not so good value as the manufacturers have to claw money back.
re 2-3yr old cars not being as good value. Are you saying there are fantastic PCH/PCP deals on new cars, that then require OEMs etc to prop up 2-3yr old residual value in order to make said new deals stack up for them? My colleague was doing a deal on a C class on Friday and he had 3 dealers biting his hands off, one said that December for them was one of the worst he can remember.
It's been mentioned in a few places here but there is definitely a strange point in the market with incredible lease deals on new, the 2-3 year old used cars are now not so good value as the manufacturers have to claw money back.
Back to the original question. Has anyone got reliable evidence of what Cayenne Turbo's are fetching going through auction at the moment?
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