Is the used market slow??
Is the used market slow??
Author
Discussion

Craig

Original Poster:

1,207 posts

310 months

Wednesday 8th June 2011
quotequote all
I'm trying to sell a 2006 XKR (new shape) on PH for £24k with a Jag warranty and having no interest at all.

It's the cheapest XKR in the UK as far as I can tell and yet nobody's calling...

Is the market really THAT bad for these cars?

Craig

Triple7

4,015 posts

263 months

Wednesday 8th June 2011
quotequote all
Two words: Petrol Prices.

Peeps who can afford the Petrol on a thirsty V8, can also afford to buy them new, so older used XKR's have very few interested buyers. Advertise as a diesel and see how many calls you get! wink

Triple7

4,015 posts

263 months

Wednesday 8th June 2011
quotequote all
Yours is on an '06 plate, they didn't get launched til Nov on '56 plates?

Craig

Original Poster:

1,207 posts

310 months

Wednesday 8th June 2011
quotequote all
Triple7 said:
Yours is on an '06 plate, they didn't get launched til Nov on '56 plates?
nope mine is an 06 plate

Triple7

4,015 posts

263 months

Wednesday 8th June 2011
quotequote all
Exactly, recon it maybe a Pre-production/press car......I had one of the launch XKR's, they were all the same spec..... Lux interior, premium sound, 20'alloys, adaptive lights, heated front screen.

Edited by Triple7 on Wednesday 8th June 22:08

Craig

Original Poster:

1,207 posts

310 months

Thursday 9th June 2011
quotequote all
Triple7 said:
Exactly, recon it maybe a Pre-production/press car......I had one of the launch XKR's, they were all the same spec..... Lux interior, premium sound, 20'alloys, adaptive lights, heated front screen.

Edited by Triple7 on Wednesday 8th June 22:08
mine doesn't have lux interior or premium sound

so it's an early car - is that a problem?

jas xjr

11,309 posts

265 months

Thursday 9th June 2011
quotequote all
The Market is slow for absolutely everything at the moment, let alone luxury cars.

Triple7

4,015 posts

263 months

Thursday 9th June 2011
quotequote all
Craig said:
mine doesn't have lux interior or premium sound

so it's an early car - is that a problem?
Nope!

MPowerMark

712 posts

232 months

Friday 10th June 2011
quotequote all
Craig, i did actually look at your car earlier this week as i'm looking to buy an XKR myself. It looks fantastic value and i'm surprised by the lack of interest.
The reason i didn't call is because i have a budget of around 35k and wanted to get something abit more up in the years. It is alot of car for the money though!

Hopefully your luck will change.

DeadMeat_UK

3,058 posts

308 months

Friday 10th June 2011
quotequote all
I recently bought. It's a very stagnant market from both ends with little turnover of cars coming on or leaving the market. On the official Jaguar site there has been one new car within my price range and colour/interior preferences within 4 weeks.

I think a lot of people in this market (me included) prefer to stay within the dealer network, rightly or wrongly.

On your car in particular, it would have interested be apart from the poplar steering wheel and facias which isn't my taste at all. It's probably a "marmite" interior and will put off a few prospective buyers.

Also, as soon as I read "cheapest on in the UK", I wonder why. No doubt you are genuine, but perversely, putting it up a grand and not pushing the cheapness aspect may do you better.


Piersman2

6,676 posts

225 months

Friday 10th June 2011
quotequote all
I've just had a look at your advert and all looks good, but...

The biggest single problem you have is that you are selling privately and at this price point there aren't many private cash buyers. I sold a boxster a few years back at this kinda price and got 1 person round to see it after I'd dropped the price several thousand until it was well under what a dealer was asking, like £5K under. I eventually sold it to a dealer from Swindon, but only when it got to about £6k under what they would list it at.

I'd actually be quite interested in changing my 2007 XJR against an XKR of similar vintage, but if I was going to go private I'd have to sell mine first then fanny around looking for a nice private one. It's easier to go to a dealer for ease of swap and supposed security.

Also, there are dealer (specialist admittedly) cars just a few grand above yours. There's a black one in Sheffield for example at £26K. You'd expect to get that for about £24-25K if you showed some real interest in doing a deal. And it's black, with ivory, silver and all the bells and whistles.

And... the prices below are what a dealer would be looking at as trade in, always scary to see what the trade see the value of your own car as. So look like £21K would be your best price as a trade in, which means unlikely to get much more than that privately, maybe 22K?

Jaguar XKR [no trim]
4.2 Petrol 2-door Coupe
6 Speed Automatic Rear Wheel Drive
Year: 2006 06
Mileage: 42,000

Estimated value of your car


Part-exchange Price:
Excellent condition:
£21750
Average condition:
£20250
Below average condition:
£18300

As always... a car is only worth what someone will pay frown



NST

1,523 posts

269 months

Friday 10th June 2011
quotequote all
Abit late on this thread.. the market for anything more than 1.6l and 4 cylinders is really bad. i know of a couple dealers who are friends, all say the same thing, anything less than 5K, small (focus/astra or smaller) and less than 1.6 engine will sell no problems as long as it is priced right. Everything else is not shifting.

The person with 15K+ to buy a used car has dried up..

Even larger cars (vectra/mondeo) diesels (2l) are taking a while to sell. Big diesel engined cars are just as bad as big engined petrols.

It has been like this since feb according to the dealers.
Not good if the stock consists mainly of larger family cars

Piersman2

6,676 posts

225 months

Friday 10th June 2011
quotequote all
Kind of backs up my thoughts when I was at an Audi dealership with the OH last weekend looking at A3s for her.

They had so many cars in that it was almost impossbile to walk round them and the salesman mentioned that they usually have a stock of 100 cars but had 140 in at the time.

I said to the OH that things must have slowed recently because it looked like they had been caught with too much stock on the books from where the purchasers were still chasing cars without realising that the demand was about to die.

Craig

Original Poster:

1,207 posts

310 months

Friday 10th June 2011
quotequote all
thanks for feedback

I've now dropped it to £23k...

Touring442

3,096 posts

235 months

Monday 13th June 2011
quotequote all
You want to know how little used petrol Jags are worth?


I was at an auction last week and there was an absolutely immaculate gold 3.0 V6 Auto S Type on a 53 plate. This thing was utterly unmarked - around 90k, four matching tyres, perfect interior and lovely paint/body - clearly cherished.

£1700 is all it made. Seventeen hundred sodding quid. Okay so the 3.0 S Type isn't everyones wet dream but what a lovely chariot for 1.0 Corsa money. In fact, a 53 plate 1.0 Corsa is probably worth more.

Domf

286 posts

181 months

Wednesday 15th June 2011
quotequote all
Craig, don't go near an auction if jaguars are going through the hall at the moment, it will scare you! Even XF Diesel's are now struggling to find buyers at reserve. Supply and Demand, lots of Supply and no Demand.
Large petrols with low mpg, high insurance and high road tax, zero demand and the rest of the year no improvement.
The only market moving is small/medium family cars, low insurance, low road tax, diesel, high mpg, people want to trade down and tighten belts as incomes are squeezed by food and utility cost inflation.

Moog72

1,600 posts

203 months

Wednesday 15th June 2011
quotequote all
Don't wish to hijack the thread, but I couldn't PM you, but MPowerMark, my XKR is for sale around your budget (although not advertised, is going as a part-ex in a couple of weeks) - '08 plate, black, lots of extras, 12300 miles only. Please PM if you are interested and I can send you the details.

fatjon

2,298 posts

239 months

Thursday 16th June 2011
quotequote all
Must be a bit slow. Just bought a mint 99 XJ8 with 4 new tyres, FSH and 12 month test for a grand. After a week I still can't find one single fault on the old girl, the paintwork and interior are perfect and it runs silently, no knocks, sqeaks or rattles at all. Big thirsty cars are hard to shift right now I suppose but if you can afford to feed one there are ome bargains to be had in a buyers market. I agree that up at the 20k mark you may have a real problem as most folks who can afford to feed these big motors can also afford a new one.

3 weeks ago I sold a 98 1.0 Saxo for similar money to what I paid for the Jag. The market is a joke right now.

MPoon

200 posts

194 months

Monday 20th June 2011
quotequote all
hahah if you think the V8 market is slow... check out the V12 market ... even slower. All due to petrol prices of course.

V6Alfisti

3,314 posts

253 months

Monday 20th June 2011
quotequote all
Domf said:
Craig, don't go near an auction if jaguars are going through the hall at the moment, it will scare you! Even XF Diesel's are now struggling to find buyers at reserve. Supply and Demand, lots of Supply and no Demand.
Large petrols with low mpg, high insurance and high road tax, zero demand and the rest of the year no improvement.
The only market moving is small/medium family cars, low insurance, low road tax, diesel, high mpg, people want to trade down and tighten belts as incomes are squeezed by food and utility cost inflation.
Have you happened to see any Maserati 3200/4200 or Gransports running through the auctions.

Interested to know what they are running through at? Apparently early XKR's are really suffering at auction.