Will Coronavirus hit used car prices? (Vol 2)

[Superflow]

Deep Thought said:

Havent done this for a while, but a couple of people have been asking so heres the update.



Dec-19 £20,500
Jan-20 £20,000
Feb-20 £19,500
Mar-20 £12,270
Apr-20 Declined to offer
May-20 Declined to offer
Jun-20 £19,000
Jul-20 £21,000
Aug-20 £21,680
Sep-20 £23,000
Oct-20 £21,710
Nov-20 £20,790
Dec-20 £21,340
Jan-21 £20,210
Feb-21 £20,410
Mar-21 £19,445
Apr-21 £21,405
May-21 £23,700
Jun-21 £25,210
Jul-21 £25,410
Aug-21 £25,325
Sep-21 £26,365
Oct-21 £23,000
Nov-21 £21,135
Dec-21 £20,160
Jan-22 £21,000
Feb-22 £20,265
Mar-22 £17,585
Apr-22 £20,400
May-22 £20,500
Jun-22 £20,740

Interesting.

Are you hoping to sell this in 10 years for 50k?

Or do you use it everyday as nature intended?

[Deep Thought]

Superflow said:

Interesting.

Are you hoping to sell this in 10 years for 50k?

Or do you use it everyday as nature intended?

This has been historic and as you can see i just happened to have done a quick of quick price checks with WBAC before lockdown, so i started then checking monthly to track the pricing.

I guess the original theory was that something like an M140i was never really a high demand vehicle so it would be interesting to track its value on the periphery of the mainstream cooking variant market.

And yes its an everyday daily driver. Bought new for £28,200 and we've now 25,000 miles on it, so i update that also with each quote (to the nearest 1,000 miles).

Certainly not indicative of the market as a whole but its just interesting to see where the peaks and troughs are, and where we were relative to lockdown easings etc.

I've been dropping in updates monthly but forgot last month. A couple of people had asked me on other threads to drop in the update.

[Audemars]

Not only am I not going to pay pre pandemic prices, but I will be wanting 3 yrs of additional depreciation on top of pre pandemic used prices. Looking at some cars I am am interested in, that would require a 50% drop over night.

Looks like I will just accumulate cash and dump it in the stock market.

I am sticking with the cars I have now until prices dramatically decrease.

[nickfrog]

Audemars said:

Not only am I not going to pay pre pandemic prices, but I will be wanting 3 yrs of additional depreciation on top of pre pandemic used prices. Looking at some cars I am am interested in, that would require a 50% drop over night.

Looks like I will just accumulate cash and dump it in the stock market.

I am sticking with the cars I have now until prices dramatically decrease.

Yes it sounds like you are stuck with your current "garage" then.

Edited by nickfrog on Tuesday 14th June 15:15

[resolve10]

Deep Thought said:

Havent done this for a while, but a couple of people have been asking so heres the update.



Dec-19 £20,500
Jan-20 £20,000
Feb-20 £19,500
Mar-20 £12,270
Apr-20 Declined to offer
May-20 Declined to offer
Jun-20 £19,000
Jul-20 £21,000
Aug-20 £21,680
Sep-20 £23,000
Oct-20 £21,710
Nov-20 £20,790
Dec-20 £21,340
Jan-21 £20,210
Feb-21 £20,410
Mar-21 £19,445
Apr-21 £21,405
May-21 £23,700
Jun-21 £25,210
Jul-21 £25,410
Aug-21 £25,325
Sep-21 £26,365
Oct-21 £23,000
Nov-21 £21,135
Dec-21 £20,160
Jan-22 £21,000
Feb-22 £20,265
Mar-22 £17,585
Apr-22 £20,400
May-22 £20,500
Jun-22 £20,740

What mileage has this been based on? Same mileage througout or going up with use?

[RUSSELLM]

resolve10 said:

Deep Thought said:

Havent done this for a while, but a couple of people have been asking so heres the update.



Dec-19 £20,500
Jan-20 £20,000
Feb-20 £19,500
Mar-20 £12,270
Apr-20 Declined to offer
May-20 Declined to offer
Jun-20 £19,000
Jul-20 £21,000
Aug-20 £21,680
Sep-20 £23,000
Oct-20 £21,710
Nov-20 £20,790
Dec-20 £21,340
Jan-21 £20,210
Feb-21 £20,410
Mar-21 £19,445
Apr-21 £21,405
May-21 £23,700
Jun-21 £25,210
Jul-21 £25,410
Aug-21 £25,325
Sep-21 £26,365
Oct-21 £23,000
Nov-21 £21,135
Dec-21 £20,160
Jan-22 £21,000
Feb-22 £20,265
Mar-22 £17,585
Apr-22 £20,400
May-22 £20,500
Jun-22 £20,740

What mileage has this been based on? Same mileage througout or going up with use?

4 posts up

[Nefos]

One place I want to monitor more is eBays Auctions.

I have watched a couple of auctions and the equivalent car seems to be £1-2k more on AT.
Obviously small sample size, auction format and not the same cars, but it is interesting to see how much cars actually selling for.

[RUSTILLDOWN]

Deep Thought said:

Havent done this for a while, but a couple of people have been asking so heres the update.



Dec-19 £20,500
Jan-20 £20,000
Feb-20 £19,500
Mar-20 £12,270
Apr-20 Declined to offer
May-20 Declined to offer
Jun-20 £19,000
Jul-20 £21,000
Aug-20 £21,680
Sep-20 £23,000
Oct-20 £21,710
Nov-20 £20,790
Dec-20 £21,340
Jan-21 £20,210
Feb-21 £20,410
Mar-21 £19,445
Apr-21 £21,405
May-21 £23,700
Jun-21 £25,210
Jul-21 £25,410
Aug-21 £25,325
Sep-21 £26,365
Oct-21 £23,000
Nov-21 £21,135
Dec-21 £20,160
Jan-22 £21,000
Feb-22 £20,265
Mar-22 £17,585
Apr-22 £20,400
May-22 £20,500
Jun-22 £20,740

Thanks Deep Thought!

Very interesting that it dropped in March 22 but then bounced straight back to where it was before and has remained static ever since. It’s a crazy world.

[Mr Whippy]

WBAC values are all over even pre-pandemic.

I wouldn’t take their month to month to mean too much.

I had a £2k spread on a £9k car over 2 or 3 months back in 2018 (mkV R32)

[bencollins4]

Audemars said:

Not only am I not going to pay pre pandemic prices, but I will be wanting 3 yrs of additional depreciation on top of pre pandemic used prices. Looking at some cars I am am interested in, that would require a 50% drop over night.

Looks like I will just accumulate cash and dump it in the stock market.

I am sticking with the cars I have now until prices dramatically decrease.

Best of luck with that. Hopefully you are happy with your current cars!

I’d go steady with the stock market at the moment too.

[Type R Tom]

From the front page the is morning, Lexus GSF.

In 2019 it cost £37k to buy at 2017 model with 14000 miles, in 2022 in cost £37k to buy at 2016 model 46000 miles.

Time to cry into my coffee again.

[Tonberry]

Some SUVs coming down nicely.

Several GLE43s now under £30k. None for less than £35k a week or two ago.

[Venisonpie]

Tonberry said:

Some SUVs coming down nicely.

Several GLE43s now under £30k. None for less than £35k a week or two ago.

This is the stuff that will suffer.

[anonymous-user]

Venisonpie said:

Tonberry said:

Some SUVs coming down nicely.

Several GLE43s now under £30k. None for less than £35k a week or two ago.

This is the stuff that will suffer.

These are the sort of cars that are suddenly going to be very undesirable to the majority of people. Wouldn't you just go and buy something like the new Kia Niro EV over one of these?

It's like buying a VHS player when DVD had just got established.

[Tonberry]

I wish they were undesirable.

Still mostly overpriced. Large petrols still asking much more than their diesel equivalents.

[Pica-Pica]

bencollins4 said:

Audemars said:

Not only am I not going to pay pre pandemic prices, but I will be wanting 3 yrs of additional depreciation on top of pre pandemic used prices. Looking at some cars I am am interested in, that would require a 50% drop over night.

Looks like I will just accumulate cash and dump it in the stock market.

I am sticking with the cars I have now until prices dramatically decrease.

Best of luck with that. Hopefully you are happy with your current cars!

I’d go steady with the stock market at the moment too.

Best to stick it in a pension fund and get the tax relief.

[Deep Thought]

Pica-Pica said:

bencollins4 said:

Audemars said:

Not only am I not going to pay pre pandemic prices, but I will be wanting 3 yrs of additional depreciation on top of pre pandemic used prices. Looking at some cars I am am interested in, that would require a 50% drop over night.

Looks like I will just accumulate cash and dump it in the stock market.

I am sticking with the cars I have now until prices dramatically decrease.

Best of luck with that. Hopefully you are happy with your current cars!

I’d go steady with the stock market at the moment too.

Best to stick it in a pension fund and get the tax relief.

+1

[Demhcs]

Deep Thought said:

Pica-Pica said:

bencollins4 said:

Audemars said:

Not only am I not going to pay pre pandemic prices, but I will be wanting 3 yrs of additional depreciation on top of pre pandemic used prices. Looking at some cars I am am interested in, that would require a 50% drop over night.

Looks like I will just accumulate cash and dump it in the stock market.

I am sticking with the cars I have now until prices dramatically decrease.

Best of luck with that. Hopefully you are happy with your current cars!

I’d go steady with the stock market at the moment too.

Best to stick it in a pension fund and get the tax relief.

+1

Would presume somebody like Audemars is probably maxed out on pension so maybe a VCT would better suit...?

[mrdanbartlett]

Demhcs said:

Would presume somebody like Audemars is probably maxed out on pension so maybe a VCT would better suit...?

Without wanting to massively drag this off topic, does anyone have a link to some good info about the pension thing?

I have a pension and pay in each month, but I assume it's somewhat locked away until nearer my retirement (I'm 40) and yes I could pay more into it but then I have to hope the money grows at a better rate than I can invest it (or reduce mortgage debt) over the next 20+ years?

[e-honda]

At 55 you can get access, you can take up to 25% as a tax free lump sum.