Any car traders struggling for stock I am?

[Simpo Two]

The Rotrex Kid said:

I’ll happily pay £2k ‘over’ book for a car, I can still sell it with the same margin.

On the subject of 'book price', how quickly does this change to reflect economic conditions? For example if I see a car on AutoTrader that comes up as 'Good Price' with the little pointer at 12.00, is that an accurate reflection of the market now?

Reason I'm asking is that I'm thinking of buying such a car, and trying to wonder how meaningful, if at all, the little pointer is...

[Danny4494]

Really struggling now with the auctions grade 5 going through at well over cap price !

[singlecoil]

Supposing you were to buy one of these 'overpriced' cars, what could you sell it for?

[The Mad Monk]

I called in to Mercedes Benz Brooklands at the beginning of the week. Their second hand car sales area was three quarters empty. Why?

Where are all the cars going? Are people hanging on to their existing cars for longer? Are the new cars not coming through? If not, why?

[av185]

Danny4494 said:

Really struggling now with the auctions grade 5 going through at well over cap price !

Grade 5 stuff is very risky and most of it you wouldn't knowcwhere to start you really have to see the car which of course now is impossible.

Only for the brave or foolish.

[Danny4494]

av185 said:

Grade 5 stuff is very risky and most of it you wouldn't knowcwhere to start you really have to see the car which of course now is impossible.

Only for the brave or foolish.

I agree generally 3-2 for me

singlecoil said:

Supposing you were to buy one of these 'overpriced' cars, what could you sell it for?

For reference earlier on this afternoon a Hyundai I10 grade 2 35,000 miles went through the auction with a cap clean price of £3400 sold at auction for £3800 say you have a gold bca account that will be around £250-£300 in buyers fees on top of that and that’s before prepping etc and hoping that it has no mechanical issues, there’s a couple on eBay and auto trader for £3600 with similar and lower mileage I bid what I thought was a reasonable £2700 so around 3k with fees would of 3,795, not bought anything at auction for ages because all cars seem to be the same and don’t get me started on vans at the moment 😂😂😂

[roddo]

2 years ago I sold an 2016 MX5 for £15250 today I have just bought the same car for £2k more....
Getting hold of stock is very difficult and who knows of this bubble is about to burst

[HTP99]

singlecoil said:

Supposing you were to buy one of these 'overpriced' cars, what could you sell it for?

We look at CAP (Car Auction Prices) to aid valuing trade ins, the trade figures given are £1000 - £1500 more than what similar cars are advertised for at dealers, so what do you do.

When you are valuing a trade in you can usually get away with offering what you realistically think it's worth vs what is currently out there for sale, however buying off the usual suspects such as Motability (always been expensive) or Enterprise when you are desperate for stock is so tricky as they are working off the trade guides such as CAP.

A couple of months ago we took a punt on a Captur from Enterprise, we sold an equivalent for £9295.00, this one we took a punt on is 6m older but to retain a similar margin, is up for £10495.00, we paid around £9300 for it, the same amount we sold the other for, its not had a sniff, prices of similar cars are slowly catching up with it but according to Autotrader it is still only a "Fair Price".

There are still cars out there that are priced how they should be (given normal circumstances) but why haven't they sold, the whole situation is very strange.

Edited by HTP99 on Thursday 8th July 19:28

[Hugo Stiglitz]

I usually buy from private sellers. There's a real glut of them.

[JCKST1]

I have a nice A6 Avant ultra estate I have been toying with selling as I live abroad (Spain) and the car is with me here but due to it being RHD its not ideal, I figured it would be worth about £11-11.5k but after putting in the reg on a popular sell your car site I was offered just shy of £13k!

Considering selling that now before the bubble bursts!

[Hugo Stiglitz]

I was looking for a used car over the past two months.

The prices have gone crazy.

Alot of stock is priced very strong AND is the not full history and polished up tired cars.

Where have all the Annually serviced cars gone?

[av185]

Online buyers seem to have forgotton about the benefits of full main dealer service histories and fewer and fewer cars appear to have them.

We don't touch anything without full mdsh but the likes of Motorpoint Cazoo Cinch Carbaze and most main franchise dealers et al mainly stock ex rental st which broadly hasn't been serviced at all except for the odd service after 3 years if you are lucky by an on service 'technician' (i.e. oil change but not filter) invariably with the wrong oil thus invalidating any manufacturers warranty instantly. Brake fluid pollen filter air filter never changed do not touch with a bargepole they are seriously ripping buyers off making out their cars are well maintained lol..

Buyers beware always demand a full main dealer service history if not run for the hills!!

Edited by av185 on Friday 9th July 23:49

[Jonstar]

av185 said:

Online buyers seem to have forgotton about the benefits of full main dealer service histories and fewer and fewer cars appear to have them.

We don't touch anything without full mdsh but the likes of Motorpoint Cazoo Cinch Carbaze and most main franchise dealers et al mainly stock ex rental st which broadly hasn't been serviced at all except for the odd service after 3 years if you are lucky by an on service 'technician' (i.e. oil change but not filter) invariably with the wrong oil thus invalidating any manufacturers warranty instantly. Brake fluud pollen filter air fikter never changed do not touch with a bargepole they are seriously ripping buyers off making out their cars are well maintained lol..

Buyers beware always demand a full main dealer service history if not run for the hills!!

Scaremongering nonsense.

[av185]

Jonstar said:

av185 said:

Online buyers seem to have forgotton about the benefits of full main dealer service histories and fewer and fewer cars appear to have them.

We don't touch anything without full mdsh but the likes of Motorpoint Cazoo Cinch Carbaze and most main franchise dealers et al mainly stock ex rental st which broadly hasn't been serviced at all except for the odd service after 3 years if you are lucky by an on service 'technician' (i.e. oil change but not filter) invariably with the wrong oil thus invalidating any manufacturers warranty instantly. Brake fluud pollen filter air fikter never changed do not touch with a bargepole they are seriously ripping buyers off making out their cars are well maintained lol..

Buyers beware always demand a full main dealer service history if not run for the hills!!

Scaremongering nonsense.

2/10.

[jules_s]

Makes you wonder though....

I'm trying to sell my dads car (deceased) and the MB dealer he bought it off couldn't have been less interested

Full MBSH, Premium pack, spotless, half average miles

I think he might have offered me £5k less than book, but I couldn't be arsed with it at that point. I know dealers need to make a living but when they wont offer 80% of the cars sale value it's borderline piss take

[Monkeylegend]

av185 said:

Jonstar said:

av185 said:

Online buyers seem to have forgotton about the benefits of full main dealer service histories and fewer and fewer cars appear to have them.

We don't touch anything without full mdsh but the likes of Motorpoint Cazoo Cinch Carbaze and most main franchise dealers et al mainly stock ex rental st which broadly hasn't been serviced at all except for the odd service after 3 years if you are lucky by an on service 'technician' (i.e. oil change but not filter) invariably with the wrong oil thus invalidating any manufacturers warranty instantly. Brake fluud pollen filter air fikter never changed do not touch with a bargepole they are seriously ripping buyers off making out their cars are well maintained lol..

Buyers beware always demand a full main dealer service history if not run for the hills!!

Scaremongering nonsense.

2/10.

There are many good Indys who will do a much better job than many main dealers.

[VEX]

Talking to a friend in the new car sector last weekend and the chip / component shortage js causing real problems.

To the point manufacturers are raiding van production lines to keep cars moving.

[Jonstar]

av185 said:

2/10.

Anyone who says reject cars if they don't have full main dealer history doesn't know his arse from his elbow, I wouldn't take some of my cars anywhere near a main dealer, despite them being cheaper than my favoured indy. Tbf most of your posts are pushing some sort of agenda so no suprise there really.

[av185]

Jonstar said:

av185 said:

2/10.

Anyone who says reject cars if they don't have full main dealer history doesn't know his arse from his elbow, I wouldn't take some of my cars anywhere near a main dealer, despite them being cheaper than my favoured indy. Tbf most of your posts are pushing some sort of agenda so no suprise there really.

Yeah right.

Your choice where you take your cars but ask your average customer whether they would prefer a car with full main dealer service history or one without/ or serviced by an on site 'technician' at the same price all other things being equal and the obvious answer which 99% of folks who know will give you a clue how to differentiate your arse from your elbow.

Apart from obvious warranty implications a FMDSH car will always sell quicker at much better money and for all the obvious reasons.

Other aspect is try selling late model in particular premium high end that have been outside the franchised network and if you think thats easy you clearly have zilch experience.

If you want to push your 'indie is better' agenda thats up to you but most buyers quite clearly disagree with you including BCA trade buyers who will always pay more for quality ex fleet stock with FMDSH thats why virtually without exception they command the best money. Rocket science it ain't.

[Hugo Stiglitz]

Jonstar said:

Anyone who says reject cars if they don't have full main dealer history doesn't know his arse from his elbow, I wouldn't take some of my cars anywhere near a main dealer, despite them being cheaper than my favoured indy. Tbf most of your posts are pushing some sort of agenda so no suprise there really.

Hi. The difference is full main history with at least a record it's had oil and matching premium tyres or 1 or 2 halford stamps n 5 years with three different brands of tyres.


Sorry I know which I'd choose.

In addition at least someone who is prepared to pay for maintenance looks after their car better than someone who can only just afford the monthlies.

So yeah. I know my arse from my elbow.

Plus when I come to sell my ad looks great. ...


Although once when selling a annually homda serviced type r all the buyers were concerned about was 'mate the other car with leggy miles and 2k more than yours and a moody history can offer me finance you can't....