Will Coronavirus hit used car prices? (Vol 2)

[SFTWend]

We are fortunate to have a car dealer on this thread that can assure us, not predict, that used car values will continue to increase due to shortage of new stock.

I appreciate that my two petrol economical immaculate low miles fsh family cars have dumped 20% in value this year because they are outliers with no market interest.

I am grateful for statistics to inform me of the supply/demand position so I don't make incorrect assumptions based on the rammed dealer forecourts round my way.

[av185]

Fast Bug said:

If it makes you feel better, a friend of mine turned down a 964 RS for sub 30k as he really needed rear seats for his son. I don't think he's ever forgiven his son

Shame.

Children can be more expensive than cars.

[AlexNJ89]

SFTWend said:

We are fortunate to have a car dealer on this thread that can assure us, not predict, that used car values will continue to increase due to shortage of new stock.

I appreciate that my two petrol economical immaculate low miles fsh family cars have dumped 20% in value this year because they are outliers with no market interest.

I am grateful for statistics to inform me of the supply/demand position so I don't make incorrect assumptions based on the rammed dealer forecourts round my way.

[Saweep]

Time for my weekly Rolls and Bentley market watch.

Nothing selling for 5/6th week running. Same cars at the same main dealers. Prices falling, slowly.

Porsche dealers seem to have a lot more SUV stock than the same month or so ago. Don't care for them enough to track their prices but it's telling.

[ghost83]

Saweep said:

Time for my weekly Rolls and Bentley market watch.

Nothing selling for 5/6th week running. Same cars at the same main dealers. Prices falling, slowly.

Porsche dealers seem to have a lot more SUV stock than the same month or so ago. Don't care for them enough to track their prices but it's telling.

Also there’s a red Mclaren 570s that’s been for sale for a few month for 88k, doesn’t seem to be selling that wuickly

[e-honda]

27 gt4s

[Biggy Stardust]

e-honda said:

27 gt4s

I agree completely. I've been saying similar for many years now.

[Tomm3]

Some talk in the caravan/motorhome community of signs of the bubble ready to burst. How anyone can think this current/future financial st-show cannot affect prices is baffling. Maybe longer to hit all those Porsche buyers but it's coming. All IMHO of course 😊

[av185]

e-honda said:

27 gt4s

24 actually. 3 have sold in the last couple of hours. Such is the strong demand as you well know.

Including this one below just bought by a PHer.

Coincidentally just had a bid on mine today from a random OPC who rang me out of the blue offering 18k trade over basic list. Seems a touch low in view of rising prices so am keeping it for now to use occasionally over the summer.

Whats happening now is with inflation rising many are keeping their last of the line desirable ICE cars such as the GT4 as values rise across many medium and higher end cars and their are fewer and fewer other interesting alternatives and asset classes opportunities offering better likely returns. This will become the norm with many desirable cars over the next few months with a correspondingly positive affect on prices..

You could always buy one and make some money instead of spending all your time posting on here about exact numbers there are for sale at the OPCs you constantly check.

Edited by av185 on Thursday 19th May 21:00

Edited by av185 on Thursday 19th May 21:03

[RUSTILLDOWN]

Are we due a graph update from DT?

[av185]

DTs on the other thread.

Meanwhile it appears used EV prices are firming up nicely.

Will be interesting to see the ramifications for ICE values as it could well make them more attractive as a used buy if the gap widens.

[adccl8z]

av185 said:

Meanwhile it appears used EV prices are firming up nicely.

[e-honda]

adccl8z said:

Where do you get graphs like that?

[Steamer]

Bitcoin

[av185]

Steamer said:

Bitcoin

[av185]

adccl8z said:

av185 said:

Meanwhile it appears used EV prices are firming up nicely.

[e-honda]

av185 said:

The graph for all cars is suspiciously absent

[Pommy]

av185 said:

e-honda said:

27 gt4s

24 actually. 3 have sold in the last couple of hours. Such is the strong demand as you well know.

Including this one below just bought by a PHer.

Coincidentally just had a bid on mine today from a random OPC who rang me out of the blue offering 18k trade over basic list. Seems a touch low in view of rising prices so am keeping it for now to use occasionally over the summer.

Whats happening now is with inflation rising many are keeping their last of the line desirable ICE cars such as the GT4 as values rise across many medium and higher end cars and their are fewer and fewer other interesting alternatives and asset classes opportunities offering better likely returns. This will become the norm with many desirable cars over the next few months with a correspondingly positive affect on prices..

You could always buy one and make some money instead of spending all your time posting on here about exact numbers there are for sale at the OPCs you constantly check.

Edited by av185 on Thursday 19th May 21:00

Edited by av185 on Thursday 19th May 21:03

You do know the impact inflations, interest rises and recessions have on the monetary value of "toys" don't you?

[Chamon_Lee]

Pommy said:

av185 said:

e-honda said:

27 gt4s

24 actually. 3 have sold in the last couple of hours. Such is the strong demand as you well know.

Including this one below just bought by a PHer.

Coincidentally just had a bid on mine today from a random OPC who rang me out of the blue offering 18k trade over basic list. Seems a touch low in view of rising prices so am keeping it for now to use occasionally over the summer.

Whats happening now is with inflation rising many are keeping their last of the line desirable ICE cars such as the GT4 as values rise across many medium and higher end cars and their are fewer and fewer other interesting alternatives and asset classes opportunities offering better likely returns. This will become the norm with many desirable cars over the next few months with a correspondingly positive affect on prices..

You could always buy one and make some money instead of spending all your time posting on here about exact numbers there are for sale at the OPCs you constantly check.

Edited by av185 on Thursday 19th May 21:00

Edited by av185 on Thursday 19th May 21:03

You do know the impact inflations, interest rises and recessions have on the monetary value of "toys" don't you?

I think not. Time is a great teacher though

[Previous]

Can't talk for the wider market, however I've been looking at m140i, alfa guilia veloce and even volvo s60 t5's since Christmas, at or about £20k-£25k

Definitely a small drop in prices over the last few months, for a while both the alfa and volvo had very few below 25k. Now 23k is the start point (excluding Cat S, high mileage cars etc).

Similar in the m140i market.

I may hold off buying until winter, yet to decide (my current car will need something spending on it before then).