When will used car prices drop?
Discussion
Not a Porsche, but as a market indicator, was this cheap?
https://collectingcars.com/for-sale/2018-aston-mar...
https://collectingcars.com/for-sale/2018-aston-mar...
V8fan said:
£50k for an 8 yr old average Porsche!It can’t of cost much more than that new.?
I don’t really understand why it so expensive.
Edited by tokyotv on Wednesday 22 April 21:57
tokyotv said:
V8fan said:
£50 for an 8 yr old average Porsche!It can’t of cost much more than that new.?
I don’t really understand why it so expensive.
Early £40ks tops.
Robbo66 said:
Spike ?....seriously ?...
There will be the mother of all recessions, possibly leading to depression following this with massive unemployment and business liquidation. All asset classes will be hit, none more so than over leveraged automotive trinkets.
Regardless if lockdown is lifted, lack of confidence in the market will absolutely muller values across every brand, at a level we’ve not experienced since the 80’s.
Prices are holding firm at moment, as no point in dropping them. No one is buying...wait for the proverbial to hit the fan once we start to unlock.
Additionally, to be seen cutting about in a modern trinket during and immediately following this, is something personally I couldn’t be more uncomfortable with.
+1There will be the mother of all recessions, possibly leading to depression following this with massive unemployment and business liquidation. All asset classes will be hit, none more so than over leveraged automotive trinkets.
Regardless if lockdown is lifted, lack of confidence in the market will absolutely muller values across every brand, at a level we’ve not experienced since the 80’s.
Prices are holding firm at moment, as no point in dropping them. No one is buying...wait for the proverbial to hit the fan once we start to unlock.
Additionally, to be seen cutting about in a modern trinket during and immediately following this, is something personally I couldn’t be more uncomfortable with.
shantybeater said:
RSVP911 said:
+1
+2. The 80% funding from the govt is masking/delaying it all. Once the funding stops and unemployment goes through the roof (which it will and already has) the prestige car market is going to take a beating far worse than 2008. This horrible situation will be really debilitating for so many people. Some who haven’t been lucky enough to build up any form of fiscal resilience whilst others are in the same position but have also been recklessly overspending.
I’m not judging anyone; it’s a mess - it’s scary how fragile the balance is.
Re flash cars - I think this is the least of our worries; can’t afford the payments, it goes back - so what; it’s peoples homes & health that matter.
Can’t tell you how wrong I hope I am about all of this, keep safe
(Just re read this - what a depressing post - put myself in a gloomy mood now - going for a drive to cheer myself up ....... oh hang on - bugger ! )
Edited by RSVP911 on Thursday 23 April 08:17
av185 said:
tokyotv said:
V8fan said:
£50 for an 8 yr old average Porsche!It can’t of cost much more than that new.?
I don’t really understand why it so expensive.
Early £40ks tops.
Cheib said:
av185 said:
tokyotv said:
V8fan said:
£50 for an 8 yr old average Porsche!It can’t of cost much more than that new.?
I don’t really understand why it so expensive.
Early £40ks tops.
NickUSA said:
There's nothing wrong with yellow, not like boring grey, black or white which the dealers try to push customers towards.
We own two brightly coloured Porsche’s but neither are daily drivers. It’s not what most buyers want...and I think the natural home for a car like that 4S is someone that wants to daily it. rallyman1978 said:
Ashgood listed a 2000MY 996 Turbo, manual, 83k at £27k
According to their social media it's sold at £25k
Wasn't the going rate for that sort of thing £35k ish not too long ago?
Although I remember when they were £20k and should have bought one then
Yes, I saw that too.According to their social media it's sold at £25k
Wasn't the going rate for that sort of thing £35k ish not too long ago?
Although I remember when they were £20k and should have bought one then
They are generally spot on with pricing and sometimes their prices are close to those of private sales.
shantybeater said:
+2. The 80% funding from the govt is masking/delaying it all. Once the funding stops and unemployment goes through the roof (which it will and already has) the prestige car market is going to take a beating far worse than 2008.
The next stage to this is companies won't be receiving payments from their debtors. Even if their debtors are solvent, they will hoard the cash to try to survive themselves.Early signs are it's happening already. Even if the worlds credit markets don't seize up (still not watertight yet by any means) a credit crunch still plays out in the real economy driven by peoples fear.
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