Secondhand car price crash?
Discussion
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 (of varying ages) are above new and some are sitting unsold for months. Can see how Porsche can get away with raising their prices, but some used prices are too high to find buyers, already.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.
:
Absolutely necessary to respond to falling energy costs, with large price rises.Basic list on a GT3 RS up from £178500 to £192600.
911 Hope would be well advised sitting down on the news.
:911hope said:
av185 said:
Efa.
Meaning?And..notice you modified my words, in quote.
Is this the done thing?
You know full well your post regarding 911s is broadly meaningless not least because you are non specific about which actual models you are referring to.
Just like most other used cars some 911s sell some hang around and just like other used cars the best examples invariably sell quickly at the best prices and often before they are even advertised for sale.
av185 said:
Efa.
It's not really such a new thing either. For as long as I can remember, you were often better off financially to buy new or after 5 years (at best). The current situation has made this even worse/better. So if you missed the boat early on with a new 992 3 years ago like 911hope, you must be a bit gutted in fairness, which might (hopefully) explain the grumpiness. nickfrog said:
I have a feeling that Porsche don't price their car on a cost+ basis but at what the market will bear. They don't always get it right but they seem to be doing OK.
I am sure that you are right, but they certainly will use inflation headlines to give them cover for rises. Just like all the other consumer goods sectors.av185 said:
Efa means edited for accuracy.
You know full well your post regarding 911s is broadly meaningless not least because you are non specific about which actual models you are referring to.
Ahh.. but you have "edited" for accuracy, so you must be in full agreement. They are now your words, are they not?You know full well your post regarding 911s is broadly meaningless not least because you are non specific about which actual models you are referring to.
You can't have it both ways.
911hope said:
nickfrog said:
I have a feeling that Porsche don't price their car on a cost+ basis but at what the market will bear. They don't always get it right but they seem to be doing OK.
I am sure that you are right, but they certainly will use inflation headlines to give them cover for rises. Just like all the other consumer goods sectors.After all, Porsche price elasticity is even greater than other car brands.
8% seems reasonable when £ alone lost 6% of its value in 12 months, Porsche also need to consider their shareholders and staff.
Edited by nickfrog on Thursday 30th March 12:33
Lecket said:
Been watching MG5 (EV) prices over the last few months, they were consistently £20k +, cheapest on AT is now £13,743 (although no pictures) and a few others at £15-£16k (all Cat S). Cheapest non Cat S is a 2021 with 44,000 miles at £17k! Seems good value maybe...
Many EV threads discuss the dissolving nature of the chassis, electronic issues dealers walk away from, and slow charging times.A friend has had one for 18 months, off the road for precisely 51% of the time. Dealer says “whatever, whole new battery pack and no, outside warranty, goodwill is for other manufacturers”, no specialist can fix an inconsistent inability to charge.
I was surprised to read this morning that the heaviest depreciating car in March was the Seat Mii electric having lost 11% in a month (based on 3 years old). I looked on AT and found this.
http://www.autotrader.co.uk/car-details/2023022044...
Surely not down to the cost of living crisis then?
Not that I'd buy one but for someone looking for a cheap runabout that has to be good, unless of course they're terrible cars?
Maybe it's still not cheap enough for those on tight budgets and not interesting enough for those with 13.5k to spend on a 2nd car. Not sure why they would suffer more than other stuff.
http://www.autotrader.co.uk/car-details/2023022044...
Surely not down to the cost of living crisis then?
Not that I'd buy one but for someone looking for a cheap runabout that has to be good, unless of course they're terrible cars?
Maybe it's still not cheap enough for those on tight budgets and not interesting enough for those with 13.5k to spend on a 2nd car. Not sure why they would suffer more than other stuff.
scot_aln said:
Can't you get an electric golf for relatively similar money +1k?
Wow apparently so.http://www.autotrader.co.uk/car-details/2023032957...
Few more miles but even so.
If you don't need long range then I guess it's fine.
I've never looked before but at least it seems that a used EV for reasonable money is actually a thing. For those that want one anyway.
Macron said:
Many EV threads discuss the dissolving nature of the chassis, electronic issues dealers walk away from, and slow charging times.
A friend has had one for 18 months, off the road for precisely 51% of the time. Dealer says “whatever, whole new battery pack and no, outside warranty, goodwill is for other manufacturers”, no specialist can fix an inconsistent inability to charge.
That's interesting thanks. I'm not really thinking of buying one, more interested in prices at this point. A friend has had one for 18 months, off the road for precisely 51% of the time. Dealer says “whatever, whole new battery pack and no, outside warranty, goodwill is for other manufacturers”, no specialist can fix an inconsistent inability to charge.
ChrisH72 said:
scot_aln said:
Can't you get an electric golf for relatively similar money +1k?
Wow apparently so.http://www.autotrader.co.uk/car-details/2023032957...
Few more miles but even so.
If you don't need long range then I guess it's fine.
I've never looked before but at least it seems that a used EV for reasonable money is actually a thing. For those that want one anyway.
Looked at this and did think, what a great option for my partner, but then I dug deeper into the spec and applied the Alton Towers thinking, and it would be a right ball ache to own and kind of makes the car pointless.
Yes, I know, we could hire a car for these odd long trips, but who the hell wants to do that, it's a hassle in itself to do so and buying a car in the first place is the partly so you don't have to borrow a car from somewhere.
No, she won't be running to Alton Towers weekly (about a 280mile round trip) but it is a good yard stick for usability as a family with kids. There will be other trips throughout the year, up to North Wales, off to London etc, all would need on route charging, which would be painful with kids in the car.
So its a nice shopping cart, but not really a family user friendly car yet...
Lecket said:
Been watching MG5 (EV) prices over the last few months, they were consistently £20k +, cheapest on AT is now £13,743 (although no pictures) and a few others at £15-£16k (all Cat S). Cheapest non Cat S is a 2021 with 44,000 miles at £17k! Seems good value maybe...
Does seem decent value.I was initially surprised to see that the Zoe and Leaf were some of the biggest fallers recently but I guess it makes sense, those will be the ones bought by private buyers not able to make use of salary sacrifice and Ltd company write downs.
scot_aln said:
Agree as an only car but as second (or this being Pistonheads, 4th) then doing school runs etc it'd work for most folk. Do wonder how bad trade prices are on these now. Must be what 10k for one?
Yes I agree, it's a nice way to get about the shops, but spending 13k on a car you can only really use locally without hassle, kind of makes it feel it's not worth the outlay.I do like that these deals are there though. 10k trade sounds about right I would imagine, someone lost their underpants on that one I am sure!!
nickfrog said:
I don't think they need any cover, I can't remember Porsche using inflation headlines before but you might do as you follow stuff with more rigour than me when it comes to Porsche.
After all, Porsche price elasticity is even greater than other car brands.
8% seems reasonable when £ alone lost 6% of its value in 12 months, Porsche also need to consider their shareholders and staff.
So will there be a price cut, if the exchange rate dictates?After all, Porsche price elasticity is even greater than other car brands.
8% seems reasonable when £ alone lost 6% of its value in 12 months, Porsche also need to consider their shareholders and staff.
Edited by nickfrog on Thursday 30th March 12:33
That would be reasonable.
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