Secondhand car price crash?

[Theoldguard]

Cap seeing lower pricing coming into older vehicles at 10 years or more, like a large oil tanker is the market slowly turning and will this adjust all levels of the market, Cap certainly think that improved supply and the time of the year will feed into this.

Was quite surprised to see a £565 (14%) fall in just over 1 month on my 11 year old run around through WBAC

Also seems to be a bit of traction in the media.of the Gov't likely to extend their 2030 ICE ban aligning with the EU, with the pandemic and supply chain disruptions I think it would be a wise move and will certainly help with pricing if manufacturers have some kind of extension and used buyers having a number of extra years to secure an ICE..

https://www.am-online.com/news/used-cars/2023/03/2...

Edited by Theoldguard on Wednesday 29th March 12:12

[911hope]

Theoldguard said:

Cap seeing lower pricing coming into older vehicles at 10 years or more, like a large oil tanker is the market slowly turning and will this adjust all levels of the market, Cap certainly think that improved supply and the time of the year will feed into this.

Was quite surprised to see a £565 (14%) fall in just over 1 month on my 11 year old run around through WBAC

Also seems to be a bit of traction in the media.of the Gov't likely to extend their 2030 ICE ban aligning with the EU, with the pandemic and supply chain disruptions I think it would be a wise move and will certainly help with pricing if manufacturers have some kind of extension and used buyers having a number of extra years to secure an ICE..

https://www.am-online.com/news/used-cars/2023/03/2...

Edited by Theoldguard on Wednesday 29th March 12:12

Vast majority of development is on EVs already, there will be very few new ICE cars for sale in the last few years before 2035.

[Fast Bug]

911hope said:

Theoldguard said:

Cap seeing lower pricing coming into older vehicles at 10 years or more, like a large oil tanker is the market slowly turning and will this adjust all levels of the market, Cap certainly think that improved supply and the time of the year will feed into this.

Was quite surprised to see a £565 (14%) fall in just over 1 month on my 11 year old run around through WBAC

Also seems to be a bit of traction in the media.of the Gov't likely to extend their 2030 ICE ban aligning with the EU, with the pandemic and supply chain disruptions I think it would be a wise move and will certainly help with pricing if manufacturers have some kind of extension and used buyers having a number of extra years to secure an ICE..

https://www.am-online.com/news/used-cars/2023/03/2...

Edited by Theoldguard on Wednesday 29th March 12:12

Vast majority of development is on EVs already, there will be very few new ICE cars for sale in the last few years before 2035.

This. Most manufacturers will have already killed ICE R&D, we've been told for vans that they've already released the last new ICE engined model

[Sheepshanks]

Fast Bug said:

This. Most manufacturers will have already killed ICE R&D, we've been told for vans that they've already released the last new ICE engined model

They could just churning them out for years though and they should get more profitable as R&D etc costs are written off.

[Saweep]

RayDonovan said:

Saweep said:

Sytner group seem to have an awful lot of new shape G wagons in stock.

The big GLS/X7s seem to have lost a serious amount of value in the last few months also.

I don't think it's many G's when you consider the size of their network. The one for £215k is nice, but my god, that is an awful lot of money..
Presume it's only footballers that bother with these things anyway

For the last year or two it was unusual for them to have more than 5/6 at any one point. Sometimes just 1 or 2.

It's insane they're still 50k over list though.

[ChocolateFrog]

Sheepshanks said:

Fast Bug said:

This. Most manufacturers will have already killed ICE R&D, we've been told for vans that they've already released the last new ICE engined model

They could just churning them out for years though and they should get more profitable as R&D etc costs are written off.

And it's not like vans get the latest and greatest ICE tech anyway.

It's a real shame in one way because there's so much headroom for development on ICE. Maybe we'll still see it with the likes of Koenigsegg or Cosworth.

[911hope]

Sheepshanks said:

Fast Bug said:

This. Most manufacturers will have already killed ICE R&D, we've been told for vans that they've already released the last new ICE engined model

They could just churning them out for years though and they should get more profitable as R&D etc costs are written off.

Won't happen for mainstream manufacturers.
Think about the economics of mass producing a handful of cars.

Less profitable as less and less are made.
Whole production line with a trickle of cars flowing through.

[Deep Thought]

911hope said:

Sheepshanks said:

Fast Bug said:

This. Most manufacturers will have already killed ICE R&D, we've been told for vans that they've already released the last new ICE engined model

They could just churning them out for years though and they should get more profitable as R&D etc costs are written off.

Won't happen for mainstream manufacturers.
Think about the economics of mass producing a handful of cars.

Less profitable as less and less are made.
Whole production line with a trickle of cars flowing through.

Whos to say they'll be selling less and less though.

I can forsee ICE demand remaining high for quite some time. Once R&D costs are written off, their costs drop significantly. Could be worth having a factory or several dedicated to ICE cars. Wouldnt be hard in a global market.

[AlexNJ89]

Deep Thought said:

Whos to say they'll be selling less and less though.

I can forsee ICE demand remaining high for quite some time. Once R&D costs are written off, their costs drop significantly. Could be worth having a factory or several dedicated to ICE cars. Wouldnt be hard in a global market.

That's true. I wonder how much truth there is in this:
https://www.instagram.com/p/CqUyU4mI4YG/

[Fast Bug]

ChocolateFrog said:

Sheepshanks said:

Fast Bug said:

This. Most manufacturers will have already killed ICE R&D, we've been told for vans that they've already released the last new ICE engined model

They could just churning them out for years though and they should get more profitable as R&D etc costs are written off.

And it's not like vans get the latest and greatest ICE tech anyway.

It's a real shame in one way because there's so much headroom for development on ICE. Maybe we'll still see it with the likes of Koenigsegg or Cosworth.

Anything tougher than the upcoming Euro 7 will kill off most ICE lcv, and I think it will be tricky for a lot of car engines as well from what I've been told. There's only so much crap you can bolt to an engine to make it cleaner, and I'm pretty sure development for European market ICE will have been turned off a while ago with how long development cycles are

[911hope]

Fast Bug said:

Anything tougher than the upcoming Euro 7 will kill off most ICE lcv, and I think it will be tricky for a lot of car engines as well from what I've been told. There's only so much crap you can bolt to an engine to make it cleaner, and I'm pretty sure development for European market ICE will have been turned off a while ago with how long development cycles are

Development timeframe is about 8 years. Model life is about 8 years. So...work it out.

[av185]

Porsche just increased their new car prices by eight per cent plus eight per cent on optional extras.

Basic list on a GT3 RS up from £178500 to £192600.

911 Hope would be well advised sitting down on the news.
:

[Sheepshanks]

911hope said:

Won't happen for mainstream manufacturers.
Think about the economics of mass producing a handful of cars.

Less profitable as less and less are made.
Whole production line with a trickle of cars flowing through.

It'd be easiest for mainstream manufacturers as they can keep a factory or two on ICE production.

And factories usually have more than one production line anyway. Manufacturers already make different models on the same lines so it would be possible mix ICE and EV but I guess that's not optimal.


There's obviously limits to all this though and they'll want to go earlier to EV than risk making ICE vehicles for too long.

[Fusion777]

av185 said:

Porsche just increased their new car prices by eight per cent plus eight per cent on optional extras.

Basic list on a GT3 RS up from £178500 to £192600.

911 Hope would be well advised sitting down on the news.
:

Won't put off the 0.0001% of buyers that can run to it

[ZX10R NIN]

av185 said:

Porsche just increased their new car prices by eight per cent plus eight per cent on optional extras.

Basic list on a GT3 RS up from £178500 to £192600.

911 Hope would be well advised sitting down on the news.
:

[av185]

Fusion777 said:

av185 said:

Porsche just increased their new car prices by eight per cent plus eight per cent on optional extras.

Basic list on a GT3 RS up from £178500 to £192600.

911 Hope would be well advised sitting down on the news.
:

Won't put off the 0.0001% of buyers that can run to it

True but just another example of how continuing relatively large percentage price rises across many new cars will have an obvious uplifting affect on used prices and in this regard Porsche are no different to other manufacturers particularly where new car supply is restricted.

[911hope]

av185 said:

True but just another example of how continuing relatively large percentage price rises across many new cars will have an obvious uplifting affect on used prices and in this regard Porsche are no different to other manufacturers particularly where new car supply is restricted.

In the case of Porsche 911, used prices (less than 2yo) are above new and are sitting unsold for months. Can see how Porsche can get away with raising their prices, but used prices are too high to find buyers, already.

[Square Leg]

911hope said:

av185 said:

True but just another example of how continuing relatively large percentage price rises across many new cars will have an obvious uplifting affect on used prices and in this regard Porsche are no different to other manufacturers particularly where new car supply is restricted.

In the case of Porsche 911, used prices (less than 2yo) are above new and are sitting unsold for months. Can see how Porsche can get away with raising their prices, but used prices are too high to find buyers, already.

With Porsche raising the cost of new cars, perhaps those looking to buy used will see the current used prices as something of a bargain now…

[911hope]

Square Leg said:

With Porsche raising the cost of new cars, perhaps those looking to buy used will see the current used prices as something of a bargain now…

And perhaps not...Time will tell.

[Driver101]

I'm noticing a lot of car on AT with asking prices thousands below AT's price guide.