Will Coronavirus hit used car prices? (Vol 2)

Will Coronavirus hit used car prices? (Vol 2)

Author
Discussion

2ono

425 posts

88 months

Wednesday 21st September
quotequote all
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

5,108 posts

171 months

Wednesday 21st September
quotequote all
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

277 posts

49 months

Wednesday 21st September
quotequote all
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

7,831 posts

127 months

Wednesday 21st September
quotequote all
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

10,461 posts

142 months

Wednesday 21st September
quotequote all
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

52 posts

4 months

Wednesday 21st September
quotequote all
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

5,108 posts

171 months

Wednesday 21st September
quotequote all
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

391 posts

7 months

Thursday
quotequote all
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

18,740 posts

228 months

Thursday
quotequote all
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 biggrintongue out
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

66 posts

1 month

Thursday
quotequote all
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

5,108 posts

171 months

Thursday
quotequote all
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

395 posts

58 months

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

5,108 posts

171 months

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

10,461 posts

142 months

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

7,687 posts

147 months

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

722 posts

187 months

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!

Milemuncher

355 posts

96 months

Tax cuts for the wealthiest + energy bail out mean a tumbling pound and high levels of inflation are here to stay, at least as long as the current Govt is in power.

I no longer think prices - used or new - will be under downward pressure, and in fact they are more likely to go up.

e-honda

7,831 posts

127 months

Fast Bug said:
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.
Of course you've been told that.
They aren't going to says the market isn't that great right now, we're cancelling future price rises and are preparing to start discounting in 2023, don't tell anyone what ever you do.

Fast Bug

10,461 posts

142 months

e-honda said:
Fast Bug said:
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.
Of course you've been told that.
They aren't going to says the market isn't that great right now, we're cancelling future price rises and are preparing to start discounting in 2023, don't tell anyone what ever you do.
They've also told key customers to brace themselves for a steep uplift in pricing and we've had requests for support rejected at levels that would have been approved earlier this year for other customers.

But as ever, you know far better than me smile

nickfrog

17,672 posts

198 months

Fast Bug said:
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.
Not surprised at all. Why would they chop their margin headroom and not pass on their increased costs? I am pretty sure they have shareholders too.