has the economy resulted in cars taking longer to sell?
Discussion
I sold my car, not worth a lot, but I was realistic in the fact that to sell I would have to lower my expectations of how much I would value, as looking at other cars is not really a honest view, as some cars are sitting for months.
It is supply and demand, not much demand then the price must be lowered.
It is supply and demand, not much demand then the price must be lowered.
My findings,
very little decent stuff to be had in private sales. On autotrader the ratio of trader to private was something like 15 to 1.
And forget the market. All the market get are the absolute bottom of the barrel rubbish.
There are cars out there but if you want a specific colour/spec then you'll need to go to a dealer which obviously means paying their 20% markup compared to a private sale.
very little decent stuff to be had in private sales. On autotrader the ratio of trader to private was something like 15 to 1.
And forget the market. All the market get are the absolute bottom of the barrel rubbish.
There are cars out there but if you want a specific colour/spec then you'll need to go to a dealer which obviously means paying their 20% markup compared to a private sale.
Citizen09 said:
w
ky metrocentric guardianista bks. Fewer people are learning to drive because it is increasingly expensive to do so, and insuring a car is probably unaffordable if you are under 21 and on a low wage. The perceived high cost of fuel is the other significant factor.Edited by hidetheelephants on Tuesday 11th October 19:39
miniman said:
Private or dealer?
My recent sales: Fabia 1.2 - sold 16 hours after ad posted. Volvo V70 - sold after 5 days on eBay.
Both cheap in different ways - one cheap to run, one just cheap. Big stuff is bound to hang around when petrol is 1.30+ a litre.
Cars will still sell if marketed the right way.My recent sales: Fabia 1.2 - sold 16 hours after ad posted. Volvo V70 - sold after 5 days on eBay.
Both cheap in different ways - one cheap to run, one just cheap. Big stuff is bound to hang around when petrol is 1.30+ a litre.
In the last 5 months I've sold my Mk1 MX5 an Audi A4 Avant very easily indeed.
Advertised both on a Sunday evening and the MX5 was gone by Tuesday, with 2 other potential buyers literally waiting in the street while the eventual buyer inspected it.
The A4 was somewhat faster: from the advert going live to the new owner driving away - EXACTLY 70 MINUTES!
Common factors in both cases:
1 - properly prepared for sale, i.e. thoroughly washed, polished, waxed, interior valeted and minor jobs done
2 - a well-written and intelligible advert with plenty of good quality pictures (taken in proper daylight!)
3 - evidence of servicing and proper maintenance and, most of all,
4 - deliberately priced well below the 'opposition'.
In the case of the MX5 at least 20% less, for the A4 at least 30% less. In both cases once I had finally decided to sell I wanted it done quickly, didn't want the hassle of morons making daft offers etc and I was happy to take a few £hundred less than they were 'worth' to avoid all the bother.
I wouldn't price a car so keenly if it meant losing £2k or £3k of course, but for £300 or £400 it was worth it I think. Nice big space on the driveway for summat else now.
Edited by mccrackenj on Tuesday 11th October 20:18
Edited by mccrackenj on Tuesday 8th November 14:02
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