Will Coronavirus hit used car prices? (Vol 2)

[chickenbarns]

ghost83 said:

chickenbarns said:

WBAC is not a good barometer of used car price. There is a looming ban on petrol will only raise the price of interesting cars next year. Take a look at price of interesting cars they are already climbing.

-CB

Aren’t we 13yrs off that?

8 years AFAIK. Truth is it will happen much sooner and push prices higher as we can see and manufacturers churn out more bog standard cars.

-CB

[nickfrog]

2ono said:

Took my 911 in for its first MOT today, it would seem there is no real downturn for used prices at the moment as I was offered £105k by the dealer, OPC, to buy it from me today, he said they would go a bit higher if I purchased another car from them, paid £110k for it in Feb 2020, car was 4 months old at the time.

Around £160 depreciation a month at worst?

Talk of VFM!!

Well done.

[pquinn]

nickfrog said:

2ono said:

Took my 911 in for its first MOT today, it would seem there is no real downturn for used prices at the moment as I was offered £105k by the dealer, OPC, to buy it from me today, he said they would go a bit higher if I purchased another car from them, paid £110k for it in Feb 2020, car was 4 months old at the time.

Around £160 depreciation a month at worst?

Talk of VFM!!

Well done.

It's not bad, but what's the current price for a new equivalent replacement?

[chickenbarns]

pquinn said:

nickfrog said:

2ono said:

Took my 911 in for its first MOT today, it would seem there is no real downturn for used prices at the moment as I was offered £105k by the dealer, OPC, to buy it from me today, he said they would go a bit higher if I purchased another car from them, paid £110k for it in Feb 2020, car was 4 months old at the time.

Around £160 depreciation a month at worst?

Talk of VFM!!

Well done.

It's not bad, but what's the current price for a new equivalent replacement?

from £108000.

-CB

[2ono]

pquinn said:

It's not bad, but what's the current price for a new equivalent replacement?

I think list price for it new was about £128k, but I didn't buy it brand new, it was 4 months old. It has a lot of options. It is a Carrera 4S

[ghost83]

chickenbarns said:

8 years AFAIK. Truth is it will happen much sooner and push prices higher as we can see and manufacturers churn out more bog standard cars.

-CB

Well hybrids can be sold until 2035 so there will be fuel till 2040-2045

[RUSTILLDOWN]

johnnyBv8 said:

chickenbarns said:

WBAC is not a good barometer of used car price. There is a looming ban on petrol will only raise the price of interesting cars next year. Take a look at price of interesting cars they are already climbing.

-CB

Funny, AV185 used to relentlessly make the same assertion

Fiiiinally, we all know it’s the infamously bad AV185.

[e-honda]

I don't think so he rage quit this thread but still posts on other threads where he hasn't suffered the indignity of being outted as someone who only has 2 Porsches and no Ferraris

[Fast Bug]

ghost83 said:

chickenbarns said:

8 years AFAIK. Truth is it will happen much sooner and push prices higher as we can see and manufacturers churn out more bog standard cars.

-CB

Well hybrids can be sold until 2035 so there will be fuel till 2040-2045

Petrol will be available for longer than that in one form or another

[Tagteam]

RUSTILLDOWN said:

johnnyBv8 said:

chickenbarns said:

WBAC is not a good barometer of used car price. There is a looming ban on petrol will only raise the price of interesting cars next year. Take a look at price of interesting cars they are already climbing.

-CB

Funny, AV185 used to relentlessly make the same assertion

Fiiiinally, we all know it’s the infamously bad AV185.

I thought AV and CB were the same person

[ghost83]

Fast Bug said:

Petrol will be available for longer than that in one form or another

It will I agree and even if it’s not synthetic fuels will be, petrol/diesel/oil is big business I don’t see it being stopped long term

[911hope]

2ono said:

I think list price for it new was about £128k, but I didn't buy it brand new, it was 4 months old. It has a lot of options. It is a Carrera 4S

Can't buy a 2 year old 911 for less than the list for a new one. This state of affairs can't persist for ever.
Once the waiting list for new ones comes down (perhaps a year), used ones will reduce accordingly.

[TTmonkey]

lord trumpton said:

911hope said:

TTmonkey said:

Selling a bmw 420d conv.

WBAC valuation dropped over 20 % in a week.

Approaching winter?

I can't see why anyone would let inclement weather spoil the occasion of dropping the top to soak up the aural delights of that diesel 4 pot.

Oh the anticipation of opening the taps and listening to it clatter all the way up to the 4500rpm redline! Phoarrr

Take my money

Bit of an update…

So the BMW 420d conv. valuation fell from £9600 to £7460 within one week from WBAC. And that’s before final inspection.

So I listed it on ‘Motorway’ and it sold, for £11,507

So Im rather pleased. It’s been inspected, and is gone.

And the 981 Boxster GTS that replaces it sounds rather better in use….!

[chickenbarns]

ghost83 said:

chickenbarns said:

8 years AFAIK. Truth is it will happen much sooner and push prices higher as we can see and manufacturers churn out more bog standard cars.

-CB

Well hybrids can be sold until 2035 so there will be fuel till 2040-2045

Hybrids sold until 2035 and fuel till 2040 has nothiggn to do with it. If the only new car you could buy were a 1L bog standard the last 2L sport will be viewed as rare and is going up in price.

-CB

[ghost83]

chickenbarns said:

Hybrids sold until 2035 and fuel till 2040 has nothiggn to do with it. If the only new car you could buy were a 1L bog standard the last 2L sport will be viewed as rare and is going up in price.

-CB

Or by then ppl might not care for fossil fuelled cars, by 2035 my kids will be 22 and 20 they will want the latest and greatest which will be electric or whatever, why do you think you see a lot of kids these days in the new cars on pcp rather than the older stuff what we had, they want the latest! None of them will want a 30-40yr old evo or a Audi rs3 that’s 20yr old they will want a car that has self driving tech etc etc, it’s only us dinosaurs that like the analogue life!

[BlackR8]

TTmonkey said:

Bit of an update…

So the BMW 420d conv. valuation fell from £9600 to £7460 within one week from WBAC. And that’s before final inspection.

So I listed it on ‘Motorway’ and it sold, for £11,507

So Im rather pleased. It’s been inspected, and is gone.

And the 981 Boxster GTS that replaces it sounds rather better in use….!

Well done thats a good result. It's posts like this that make me wonder if it is all really doom and gloom in the car market. Your experience suggests there is still an appetite for stock from dealers which must mean retail demand still remains healthy.

[ghost83]

BlackR8 said:

Well done thats a good result. It's posts like this that make me wonder if it is all really doom and gloom in the car market. Your experience suggests there is still an appetite for stock from dealers which must mean retail demand still remains healthy.

Still seems cheap for a 420d imo I’d have thought these were around 15/18k

Now that it’s been announced we are officially in a recession and interest rates up yet again on the run to Xmas surely this is where things start to go stale and allow manufacturers to start catching up!

Ppl are already struggling to survive

[Fast Bug]

ghost83 said:

Now that it’s been announced we are officially in a recession and interest rates up yet again on the run to Xmas surely this is where things start to go stale and allow manufacturers to start catching up!

We've been told to expect a price increase of between 7-12% and a reduction in customer support terms for next year. I don't think any of the manufacturers will be hitting the panic button for a while yet.

[Macron]

BlackR8 said:

TTmonkey said:

Bit of an update…

So the BMW 420d conv. valuation fell from £9600 to £7460 within one week from WBAC. And that’s before final inspection.

So I listed it on ‘Motorway’ and it sold, for £11,507

So Im rather pleased. It’s been inspected, and is gone.

And the 981 Boxster GTS that replaces it sounds rather better in use….!

Well done thats a good result. It's posts like this that make me wonder if it is all really doom and gloom in the car market. Your experience suggests there is still an appetite for stock from dealers which must mean retail demand still remains healthy.

How many miles had it done? Obvs wbac didn’t want it, hence the low offer. That others do is of course good.

[bencollins4]

ghost83 said:

BlackR8 said:

Well done thats a good result. It's posts like this that make me wonder if it is all really doom and gloom in the car market. Your experience suggests there is still an appetite for stock from dealers which must mean retail demand still remains healthy.

Still seems cheap for a 420d imo I’d have thought these were around 15/18k

Now that it’s been announced we are officially in a recession and interest rates up yet again on the run to Xmas surely this is where things start to go stale and allow manufacturers to start catching up!

Ppl are already struggling to survive

To counter that, only around 1/3 of people have a mortgage, with 1/3 of those on fixed rates so maybe only 1 in 9/10 immediately affected by an increase in interest rates. Also, the government have just announced a range of measures which give middle / higher earners a fair bit more money in their pocket so it’s not exactly the apocalypse just yet!