Will Coronavirus hit used car prices? (Vol 2)
Discussion
Fusion777 said:
av185 said:
and overall demand reducing due to warmer weather.
Thought we were now in "peak buying season"?ghost83 said:
Milemuncher said:
Asking prices will come down slowly, lots of dealers holding stock now that they overpaid for during the Tulip mania phase so expect them to continue to peddle the ‘high prices are the new normal’ line for a while.
As a buyer, the obvious answer is to hold your nerve and be patient (if you can). Best way to drive prices down is to throttle back demand and for those that don’t absolutely have to change car right now, it’s in your own hands.
Exactly that! As a buyer, the obvious answer is to hold your nerve and be patient (if you can). Best way to drive prices down is to throttle back demand and for those that don’t absolutely have to change car right now, it’s in your own hands.
Fusion777 said:
av185 said:
and overall demand reducing due to warmer weather.
Thought we were now in "peak buying season"?
:As previously posted these have suffered from the mild winter, current warm weather, general oversupply high VED and gas guzzling label and are broadly responsible for the falls across some other used vehicle sectors.
Macron said:
av185 said:
You do realise 8 of the 21 last week have sold and the other 9 are new to the market.
You should change your username to Basil Brush. In Porsche land the market only ever goes "BOOM BOOM". Didn't realise you had a (1970s) sense of humour until this post.
:South tdf said:
J4CKO said:
I think a lot of folk are opting out of company car schemes, taking the allowance instead and providing their own car, maybe dropping down to one.
But, there is always movement for whatever reason. We could quite cheerfully manage with 1, well would be two as the youngest still lives with us and he has his own car but am sure could make it work if I needed to.
My personal experience is different, we can have £750 a month car allowance, after the tax man has taken off his lump that is less than £400 to buy, tax and insure a car so it’s much easier for me to have an EV Polestar and pay a couple of hundred pounds a year in company car tax. But, there is always movement for whatever reason. We could quite cheerfully manage with 1, well would be two as the youngest still lives with us and he has his own car but am sure could make it work if I needed to.
Pretty much everyone I know who are entitled via their employer are going for electric cars as either company cars or salary sacrifice.
I'm sure there will be a crossover point in which our scheme catches up (and I have the funds from my old car waiting), but as the saying goes, make hay while the sun shines.
NelsonM3 said:
Same. I pay £166 a month for a brand new £40k car and 15p a mile. Assuming I owned my own car and it did around 40mpg. I'd be paying around 18p a mile.
I'm sure there will be a crossover point in which our scheme catches up (and I have the funds from my old car waiting), but as the saying goes, make hay while the sun shines.
Sorry to drag off topic but how does that work? I get a travel allowance at work but just pocked it, my friend got a Telsa he said for £7 a month but had to give up his allowance (2-3k PA), mine is quite a bit higher so I wouldn't want to give that up. But I'd gladly pay £166 for a family car. I'm sure there will be a crossover point in which our scheme catches up (and I have the funds from my old car waiting), but as the saying goes, make hay while the sun shines.
av185 said:
The price of which has risen following the recent £1750 price rise on new list.
You do realise 8 of the 21 last week have sold and the other 9 are new to the market.
Obviously not.
When are you buying yours btw you do seem quite obsessed with them.:
I was tempted, i didn't want to miss out when they were all going so fast, but now you've got me more interested in a mecan GTSYou do realise 8 of the 21 last week have sold and the other 9 are new to the market.
Obviously not.
When are you buying yours btw you do seem quite obsessed with them.
:e-honda said:
av185 said:
The price of which has risen following the recent £1750 price rise on new list.
You do realise 8 of the 21 last week have sold and the other 9 are new to the market.
Obviously not.
When are you buying yours btw you do seem quite obsessed with them.:
I was tempted, i didn't want to miss out when they were all going so fast, but now you've got me more interested in a mecan GTSYou do realise 8 of the 21 last week have sold and the other 9 are new to the market.
Obviously not.
When are you buying yours btw you do seem quite obsessed with them.
:It is Macan not mecan btw.
ghost83 said:
I might have missed something but how come Porsche and Porsche Macans keep coming up in this thread?
It is quite amusing to see the very people who claim Porsches have relatively little to do with the used car market nevertheless continue to post incessantly about them on this used car values thread. 
ghost83 said:
I might have missed something but how come Porsche and Porsche Macans keep coming up in this thread?
Largely because av185 has used the availability of new Porsches as his barometer for all used car prices for many, many pages. If someone mentioned that the prices of 2010 Mondeo estates were falling he'd explain how that was impossible because his new 992 had been delayed again. And if you can't see the connection between those two vehicles you honestly are not alone.Ahonen said:
ghost83 said:
I might have missed something but how come Porsche and Porsche Macans keep coming up in this thread?
Largely because av185 has used the availability of new Porsches as his barometer for all used car prices for many, many pages. If someone mentioned that the prices of 2010 Mondeo estates were falling he'd explain how that was impossible because his new 992 had been delayed again. And if you can't see the connection between those two vehicles you honestly are not alone.You are conflating Porsches with the many other cars I have consisistently mentioned and correctly predicted their value trends and rises last year in particular throughout the thread.
Edited by av185 on Tuesday 17th May 23:09
av185 said:
Average prices still being dragged down by 4x4 and larger SUV falling prices particularly on gas guzzlers and overall demand reducing due to warmer weather.
My 2012 TDV8 Full Fat was around 18k at the peak of the madness having bought it for £12k the same year - since then it's tanked in the last 6 months:30/12/2021 - £15,265
31/03/2022 - 14,225
11/05/2022 - £10,635
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