Will Coronavirus hit used car prices? (Vol 2)
Discussion
av185 said:
Good point VP.
Buy now or clearly pay more in the future springs to mind.
Unsure how it would have any big affect on things, more than ever alot of the people will just work at home, and those that can't yes will use a car or such but they aren't going to go out and buy cars because the trains are on strike for a week or 2.Buy now or clearly pay more in the future springs to mind.
Earthdweller said:
It’s interesting for sure
I travel a lot in/out of the U.K. and was back last week and did around 1500 miles by car in the U.K. across the north and Scotland
I therefore see snapshots if that makes sense
What I did notice is that every car dealer forecourt I passed was full of used cars including the BMW dealer i use whereas they were sparse through Covid
I mention that because during the height of Covid the same BMW dealer had a mere handful of cars on the forecourt .. now you can’t move for them squeezed in everywhere
Further to that I rang a different BMW dealer to book a car in for a service on Monday and normally there’s a 3-5 week lead time for bookings. This time I got “what day/time next week is convenient ?” I said Wednesday then having spoken to my wife realised she needed it and rang back several hours later and changed it to Tuesday
Maybe it’s an anomaly, a fluke .. or maybe they just aren’t busy ?
My local Sytner still seems pretty sparse for used stock; the front used to be rammed with little space between the cars but they're now much more spread out. The upstairs area inside is pretty empty too which is where they usually have the really nice used stuff.I travel a lot in/out of the U.K. and was back last week and did around 1500 miles by car in the U.K. across the north and Scotland
I therefore see snapshots if that makes sense
What I did notice is that every car dealer forecourt I passed was full of used cars including the BMW dealer i use whereas they were sparse through Covid
I mention that because during the height of Covid the same BMW dealer had a mere handful of cars on the forecourt .. now you can’t move for them squeezed in everywhere
Further to that I rang a different BMW dealer to book a car in for a service on Monday and normally there’s a 3-5 week lead time for bookings. This time I got “what day/time next week is convenient ?” I said Wednesday then having spoken to my wife realised she needed it and rang back several hours later and changed it to Tuesday
Maybe it’s an anomaly, a fluke .. or maybe they just aren’t busy ?
I've always been able to get my cars in for service or warranty work at very short notice unless a hire car was needed. That hasn't changed.
Court_S said:
Earthdweller said:
It’s interesting for sure
I travel a lot in/out of the U.K. and was back last week and did around 1500 miles by car in the U.K. across the north and Scotland
I therefore see snapshots if that makes sense
What I did notice is that every car dealer forecourt I passed was full of used cars including the BMW dealer i use whereas they were sparse through Covid
I mention that because during the height of Covid the same BMW dealer had a mere handful of cars on the forecourt .. now you can’t move for them squeezed in everywhere
Further to that I rang a different BMW dealer to book a car in for a service on Monday and normally there’s a 3-5 week lead time for bookings. This time I got “what day/time next week is convenient ?” I said Wednesday then having spoken to my wife realised she needed it and rang back several hours later and changed it to Tuesday
Maybe it’s an anomaly, a fluke .. or maybe they just aren’t busy ?
My local Sytner still seems pretty sparse for used stock; the front used to be rammed with little space between the cars but they're now much more spread out. The upstairs area inside is pretty empty too which is where they usually have the really nice used stuff.I travel a lot in/out of the U.K. and was back last week and did around 1500 miles by car in the U.K. across the north and Scotland
I therefore see snapshots if that makes sense
What I did notice is that every car dealer forecourt I passed was full of used cars including the BMW dealer i use whereas they were sparse through Covid
I mention that because during the height of Covid the same BMW dealer had a mere handful of cars on the forecourt .. now you can’t move for them squeezed in everywhere
Further to that I rang a different BMW dealer to book a car in for a service on Monday and normally there’s a 3-5 week lead time for bookings. This time I got “what day/time next week is convenient ?” I said Wednesday then having spoken to my wife realised she needed it and rang back several hours later and changed it to Tuesday
Maybe it’s an anomaly, a fluke .. or maybe they just aren’t busy ?
I've always been able to get my cars in for service or warranty work at very short notice unless a hire car was needed. That hasn't changed.
av185 said:
Ok so here are a few worth thinking about.
Well lets start with the Golf R mk 7 'manuel'. Limited numbers will ensure very robust values especially as the Mk8 is less popular only available auto and alot more expensive new at approaching mid £40ks with only a bit of spec.
Mini 'manuels' will continue to do very well mainly because of recent huge price rises across new models but also because new models only available as autos.
Fiestas and Focus models should do well simply because they cannot currently be ordered new.
Moving up, the 981 Spyder is holding up well and with only 223 UK cars still selling over new list even 25k mile 6 year old cars. Gt3 front suspension 718 Spyder a great car but alot more focused and more expensive which is propping up values of the 981 similar to the GT4. 981 Spyder a great lifestyle weekend car at the money although personally I prefer the 981 GT4.
Lotus Emira. 20 month lead time. Bargain price new at £75k. These are £100k cars all day long. 458 Ferrari looks but less weight Lotus chassis know how bang up to date interior and at 400bhp possibly sweetspot power output for road use. The last ice Lotus which will guarantee future desirability.
Opposite spectrum but a great last of the line is the Lamborghini Performante. Very few proper spec cars come to market these as predicted have shot up in price over the last 12 months and a definite future classic although personally I prefer the Ferrari Pista even if they are alot more expensive at £320k still a bargain imo.
Quoted av185's top picks so can look back at this few months/year down the line.Well lets start with the Golf R mk 7 'manuel'. Limited numbers will ensure very robust values especially as the Mk8 is less popular only available auto and alot more expensive new at approaching mid £40ks with only a bit of spec.
Mini 'manuels' will continue to do very well mainly because of recent huge price rises across new models but also because new models only available as autos.
Fiestas and Focus models should do well simply because they cannot currently be ordered new.
Moving up, the 981 Spyder is holding up well and with only 223 UK cars still selling over new list even 25k mile 6 year old cars. Gt3 front suspension 718 Spyder a great car but alot more focused and more expensive which is propping up values of the 981 similar to the GT4. 981 Spyder a great lifestyle weekend car at the money although personally I prefer the 981 GT4.
Lotus Emira. 20 month lead time. Bargain price new at £75k. These are £100k cars all day long. 458 Ferrari looks but less weight Lotus chassis know how bang up to date interior and at 400bhp possibly sweetspot power output for road use. The last ice Lotus which will guarantee future desirability.
Opposite spectrum but a great last of the line is the Lamborghini Performante. Very few proper spec cars come to market these as predicted have shot up in price over the last 12 months and a definite future classic although personally I prefer the Ferrari Pista even if they are alot more expensive at £320k still a bargain imo.
av185 said:
Fusion777 said:
av185 said:
More to the point, have you decided when you will be investing in the Lamborghini or Porsche I tipped?
We gave you a 40k limit- you missed your brief.Or buy the Fiesta Focus Mini or Golf.
:Then again, given his other recommendations, perhaps he may think 987 Spyders/Cayman Rs are a good bet around that price point (although they're 10+ year old cars now which opens up scope for plenty of modern classics) as they share similar fundamentals - limited numbers, manual gearbox. Interesting also that av185 is an advocate of the Lotus Emira over, say, a 4.0GTS Boxster (longer lead times than the Cayman) given Porsche have said the next Cayman/Boxster is going full EV I believe.
All we need now is benchmark price/index of his current recommendations at today's market value so there's a modicum of objectivity when revisited in the future or there'll be bickering over whether you could have got xyz at ££ with bucket seats or CCBs or leather or whatever else.
Few people mentioned about service side being able to book in quickly very good reason most shut during lockdown for huge periods also with MOT extension and 20 plate cars being very few it's had a huge shift in work load in the trade. Come September we will be rammed solid with work again.
Al U said:
Earthdweller said:
Al U said:
Who is calling about the merc then?
Sorry I’ve been busy in the real world Anyway, I’ve just spoken to the dealer .. and it’s still in stock and available to buy
Hey ho
Earthdweller said:
I told him he needs to keep it in stock for another nine months and put it up in price by 5k every month and then when it sells (as it will, at a much higher price) he can buy everyone a new sheepskin coat and pay for a round in the Winchester club
The irony is that he'll have just got a massive bump in interest and page views, which may lead to him doing just that! jimPH said:
Earthdweller said:
I told him he needs to keep it in stock for another nine months and put it up in price by 5k every month and then when it sells (as it will, at a much higher price) he can buy everyone a new sheepskin coat and pay for a round in the Winchester club
The irony is that he'll have just got a massive bump in interest and page views, which may lead to him doing just that! 
av185 said:
Al U said:
mk1coopers said:
Interesting info on the dates listed in the URL in Auto Trader ads, when I started looking to change (around November last year) there was a car that was close to the spec I would like, I’ve just looked at the ad again, it first went up in October 2021, so far it’s been reduced by 5K, it will now have the potential issue of having the largest engine (petrol) size in the range, so potentially it will have to be reduced further too, it’s coming up for being advertised for 9 months, seems a long time for a dealer to have money sat in a car without selling ? (Just one example)
There’s going to be some hard choices for some / most / many of us come the end of the year when energy prices will really bite.
Don't be so silly, this is all part of the low volume high margin master plan There’s going to be some hard choices for some / most / many of us come the end of the year when energy prices will really bite.
The car was probably sold straightaway but the seller typically kept the ad live whilst other similar cars were sold too.
Fairly common occurence.
Let me guess, this falls in to your "big gas guzzler" category.
Al U said:
av185 said:
Al U said:
mk1coopers said:
Interesting info on the dates listed in the URL in Auto Trader ads, when I started looking to change (around November last year) there was a car that was close to the spec I would like, I’ve just looked at the ad again, it first went up in October 2021, so far it’s been reduced by 5K, it will now have the potential issue of having the largest engine (petrol) size in the range, so potentially it will have to be reduced further too, it’s coming up for being advertised for 9 months, seems a long time for a dealer to have money sat in a car without selling ? (Just one example)
There’s going to be some hard choices for some / most / many of us come the end of the year when energy prices will really bite.
Don't be so silly, this is all part of the low volume high margin master plan There’s going to be some hard choices for some / most / many of us come the end of the year when energy prices will really bite.
The car was probably sold straightaway but the seller typically kept the ad live whilst other similar cars were sold too.
Fairly common occurence.
Let me guess, this falls in to your "big gas guzzler" category.
Roverp666 said:
Earthdweller said:
Very sensible and logical post
Thanks for that, I was a bit worried about ridicule from the illogical "regardless of anything else at all, it's all going to stay up/go up further forever" brigademrdanbartlett said:
av185 said:
Good point VP.
Buy now or clearly pay more in the future springs to mind.
Unsure how it would have any big affect on things, more than ever alot of the people will just work at home, and those that can't yes will use a car or such but they aren't going to go out and buy cars because the trains are on strike for a week or 2.Buy now or clearly pay more in the future springs to mind.
Rumour has it Arnold Shark are busier already....
:This car has been up for sale since October, keeps coming top of the list in my basket of hot hatches as cheapest.
Was 29k for months, now 27k for last few, so not shifted it.
http://www.autotrader.co.uk/car-details/2022051155...
What's that site you can use to show the listing history.
Was 29k for months, now 27k for last few, so not shifted it.
http://www.autotrader.co.uk/car-details/2022051155...
What's that site you can use to show the listing history.
jimPH said:
This car has been up for sale since October, keeps coming top of the list in my basket of hot hatches as cheapest.
Was 29k for months, now 27k for last few, so not shifted it.
http://www.autotrader.co.uk/car-details/2022051155...
What's that site you can use to show the listing history.
No, it was sold the day it was advertised, for the full asking price the dealer is just paying to keep it advertised because that’s what they do Was 29k for months, now 27k for last few, so not shifted it.
http://www.autotrader.co.uk/car-details/2022051155...
What's that site you can use to show the listing history.
Earthdweller said:
jimPH said:
This car has been up for sale since October, keeps coming top of the list in my basket of hot hatches as cheapest.
Was 29k for months, now 27k for last few, so not shifted it.
http://www.autotrader.co.uk/car-details/2022051155...
What's that site you can use to show the listing history.
No, it was sold the day it was advertised, for the full asking price the dealer is just paying to keep it advertised because that’s what they do Was 29k for months, now 27k for last few, so not shifted it.
http://www.autotrader.co.uk/car-details/2022051155...
What's that site you can use to show the listing history.
Webuyanycar has just emailed me to tell me industry prices are set to fall.
av185- the chairman's email is here:
https://www.ceoemail.com/s.php?id=ceo-3156980
Please set him right
Edited to say the the offers from WBAC and Autotrader's valuation calc have dropped 10% in the last month.
av185- the chairman's email is here:
https://www.ceoemail.com/s.php?id=ceo-3156980
Please set him right
Edited to say the the offers from WBAC and Autotrader's valuation calc have dropped 10% in the last month.
Edited by MaxFromage on Wednesday 25th May 19:22
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