Will Coronavirus hit used car prices? (Vol 2)
Discussion
e-honda said:
You forgot about the vat qualifying Vauxhall Astra elite navs
Holding strong those 1.6 Elite Navs. Still fetching £13K to £14k for a 3.5 year old model with 20k on the clock. I have to say I'm one of those people referred to above who HAS to buy a car and may well have to take a punt on one of these very soon. Where else can you get 200bhp in manual at 3 years old for that sort of money in todays climate?!Toyoda said:
Holding strong those 1.6 Elite Navs. Still fetching £13K to £14k for a 3.5 year old model with 20k on the clock. I have to say I'm one of those people referred to above who HAS to buy a car and may well have to take a punt on one of these very soon. Where else can you get 200bhp in manual at 3 years old for that sort of money in todays climate?!
I’m lucky that I don’t need to buy a car and when I do it will be on a want basis rather than need! My missus wants a new car but the current car she’s got is absolutely fine So we are holding station, for now just pumping money into paying the mortgage off and got a 15k bill to pay for florida for next year, already got a 20k deposit for a car though so just holding onto that
Toyoda said:
Holding strong those 1.6 Elite Navs. Still fetching £13K to £14k for a 3.5 year old model with 20k on the clock. I have to say I'm one of those people referred to above who HAS to buy a car and may well have to take a punt on one of these very soon. Where else can you get 200bhp in manual at 3 years old for that sort of money in todays climate?!
Yes said this before they are excellent value compared to e.g. the Focus and have held up very well residually.Interesting to note that CAP clean on the model you mention is still rising in line with others primarily due to restricted used supplies:
18 68 with 18k miles trade values
Jan 21 £9500
Jan 22 £12250
Feb 22 £12400
March 22 £12500
April 22 £12550
May 22 £12600
av185 said:
e-honda said:
You forgot about the vat qualifying Vauxhall Astra elite navs
Ah yes the humble Astra that I correctly predicted would rise in value by over 50% and actually did.Even though you incorrectly claimed it didn't.
A reminder.
Your figures were only up 50% on the same cars because you claimed the year before were for buying and selling at about 20% less than book, when I asked if they were Vat qualifying you as usual ignored me.
Demand has slumped for us way down on sales and enquires from this time last year only reason why car prices are remaining high is supply and dealers not willing too drop prices that won't last long.
When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
eliot said:
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.
30/12/2021 - 15,265
31/03/2022 - 14,225
11/05/2022 - 10,635
At least it hasn't cost you that much in real ££ depreciation.
I ordered a new car last month and was given an estimated delivery date for the beginning of October. I received an email from the dealer yesterday telling me my car is due to arrive in the UK at the end of June.
No idea what has happened for it to potentially arrive three months earlier than predicted.
No idea what has happened for it to potentially arrive three months earlier than predicted.
MG CHRIS said:
Demand has slumped for us way down on sales and enquires from this time last year only reason why car prices are remaining high is supply and dealers not willing too drop prices that won't last long.
When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
Good to know first hand dealer knowledge When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
I’ve said the same come winter when energy goes up again it’s going to start to hit hard then when energy goes up again in January even harder!
I suspect fleet and motability sales will be the main buyers through q4 2022 and q1 2023 as supply gets chance to pick itself back up, something will defiantly have to give! Manufacturers will need to sell cars to keep their own money flowing otherwise they will have to let their workforces go, so it will be either lowering the price of cars which I doubt or attractive discounts and finance coupled with a scrap page scheme to get people buying again
ghost83 said:
MG CHRIS said:
Demand has slumped for us way down on sales and enquires from this time last year only reason why car prices are remaining high is supply and dealers not willing too drop prices that won't last long.
When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
Good to know first hand dealer knowledge When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
I’ve said the same come winter when energy goes up again it’s going to start to hit hard then when energy goes up again in January even harder!
I suspect fleet and motability sales will be the main buyers through q4 2022 and q1 2023 as supply gets chance to pick itself back up, something will defiantly have to give! Manufacturers will need to sell cars to keep their own money flowing otherwise they will have to let their workforces go, so it will be either lowering the price of cars which I doubt or attractive discounts and finance coupled with a scrap page scheme to get people buying again
MG CHRIS said:
ATM fiesta and focus models are hard to get same with commercial however puma Kuga and EcoSport are coming through nicely now. But we just aren't getting the orders through now so the slump will be felt into 2023. Used car stock is down and what we normal have mainly down to waiting for part ex vehicles to come through as they waiting for new orders. Some models and sectors will remain high others will slump big time. Only time will tell.
Like anything it will be the lower and middle sectors hit the hardest which is the average person buying the average car (upto 40k) Just to add for the up-beat doom and gloom in this thread, inflation is at 9% for this month, and we expect another jump in October when the new energy caps will be introduced. While I understand how the used car supply is not perfect (I work in the electronics industry, I am painfully aware of the wavey chip supply) I just cannot see how for the "normal" (the around £20k and below) used car market can go up, or even hold these inflated prices.
For the past couple of months the prices held as mentioned here many times, but the general economy looks a bit bleak, with the fact that many rents has a CPI clause in them, which means the rent will go up with CPI for many people.
I wish the gravy train keeps on chugging, and it might for some people, but for the majority it seems tough times are ahead. I hope this assessment by me is wrong.
For the past couple of months the prices held as mentioned here many times, but the general economy looks a bit bleak, with the fact that many rents has a CPI clause in them, which means the rent will go up with CPI for many people.
I wish the gravy train keeps on chugging, and it might for some people, but for the majority it seems tough times are ahead. I hope this assessment by me is wrong.
mrdanbartlett said:
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.
https://www.rac.co.uk/business/news-advice/how-doe...
And examples here : https://www.autocar.co.uk/car-news/advice-company-...
To sum up, you pay tax on the company car, based on the CO2 emission + price of the car new + your tax band.
EV are, at the moment, really advantaged as they produced no CO2 when being driven. So, even if you have a high tax band and EV have high price when new, you pay low tax. Any "german diesel" is at the opposite of the scale with huge tax.
So with a company car : £7 * 12 for the Tesla = £84 per year
With PA : £3k - £300 per month for an average PCP/lease = 3 000 - 3 600 = £600 per year
So either you spend £84 per year for a "premium EV" which cost nothing to run, either you spend £600 per year for an average-to-low car on which you spend a lot of money on fuel to run. (if the PA is before tax, then it is even worse!)
Toyoda said:
e-honda said:
You forgot about the vat qualifying Vauxhall Astra elite navs
Holding strong those 1.6 Elite Navs. Still fetching 13K to 14k for a 3.5 year old model with 20k on the clock. I have to say I'm one of those people referred to above who HAS to buy a car and may well have to take a punt on one of these very soon. Where else can you get 200bhp in manual at 3 years old for that sort of money in todays climate?!
Had its since 1600 miles in 2018 and now at 53000 miles.
The only thing that has gone wrong is it chucked a sensor code but reset it it and it went away. Nothing was actually wrong.
Bit scrappy if you boot it from the line and 1st to 2nd is a but crunchy sometimes but get going and it goes ok alright. In fact it's nicely punchy from 50-100mph in 3rd to 4th.
Kit wise it's got everything you need, comfy, nothing squeeks. Does 38mpg (my average since I had it) and I do a fair bit of short and city trips.
Only costs me $220 a year to service or about £140 and took me 25,000 to go through a set of tyres. Still on original brakes.
Headlights are a bit crap so do a bulb change but apart from that it's got a lot of kit, it goes ok and it's reliable and is good value for money.
MG CHRIS said:
Demand has slumped for us way down on sales and enquires from this time last year only reason why car prices are remaining high is supply and dealers not willing too drop prices that won't last long.
When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
Demand slump there is interesting When UK officially enters a recession which is looking increasingly likely and we in the grips of winter with yet another increase in energy cost and who knows where petrol and diesel cost will reach it's going to get very messy indeed.
Joey Deacon said:
I ordered a new car last month and was given an estimated delivery date for the beginning of October. I received an email from the dealer yesterday telling me my car is due to arrive in the UK at the end of June.
No idea what has happened for it to potentially arrive three months earlier than predicted.
And a sped up delivery also interesting. No idea what has happened for it to potentially arrive three months earlier than predicted.
Wonder what these twin things could do to use cars
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