6/7 Year Old Audi/BMW/VW/MB Not Selling?

6/7 Year Old Audi/BMW/VW/MB Not Selling?

Author
Discussion

Fishtigua

Original Poster:

9,786 posts

138 months

Saturday 30th March 2013
quotequote all
I've 2 mates who run used car businesses. They've both said that they no longer take in German mid-size cars. The reason they gave was that the cost of getting them to a reasonable standard is now beyond economic reason. The parts, especially the electrics/electronics and drivetrain, are either weak or very overpriced.

The work involved to present the cars for sale now cuts harshly into the margins and any warranty claims, they're just not worth the hassle. Not talking about specials or FSH superdooper cared for ones, just the run of the mill cars.

Do you think this market is going to die on it's arse?


Chicane-UK

3,860 posts

128 months

Saturday 30th March 2013
quotequote all
Agree with this. Just agreed a deal with a local VW/Audi specialist for my Octavia VRS. He viewed the car Wednesday and made an offer but he showed me the valuations guide and the difference between trade-in value and dealer sale price was very small meaning he would not be able to take on a car with any significant faults. As it is the rear bumper needs a repaint and that's about it so he decided to take it.

He is picking it up today!

ALawson

6,865 posts

194 months

Saturday 30th March 2013
quotequote all
These cars will just end up as private sale sheds. Leading to values falling quicker !

Having honest John et al stating that 7 years is the serviceable life of cars isn't helping.

If you know what your are looking for there are some great cars at this age.

caprirob

263 posts

88 months

Saturday 30th March 2013
quotequote all
Took a £1500 depreciation bath in 8 months on my 330i

Shedding is the way forward.

ARobinson

147 posts

92 months

Saturday 30th March 2013
quotequote all
Premium models always have and always will only be in demand when they're 'in fashion' which is when they're the current model which lasts about 5 years.

After that demand is low, so if all of the cars are brought up to standard the dealer would have to put the price up accordingly, and they would be too expensive for the target market which is why they plummet in price during middle age until they hit 'shed' money which varies depending upon model.

For example the e60 5 series are dropping below 3k now, older e46 3 series are bottoming out around 2k etc
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AB

15,581 posts

138 months

Saturday 30th March 2013
quotequote all
You want to try selling an 11 year old 330Ci Convertible.

Not a sniff.

magnum555

437 posts

102 months

Saturday 30th March 2013
quotequote all
AB said:
You want to try selling an 11 year old 330Ci Convertible.

Not a sniff.
In general the used car market is struggling at the moment.

djdestiny

6,542 posts

121 months

Saturday 30th March 2013
quotequote all
I run a register for B5 RS4's, so am always looking for them on Autotrader/PH/etc.
Some have been for sale with the same dealer for the best part of a year now without the prices hardly dropping at all.
Try selling a 13 year old thirsty car with big running costs for £10k+ to the general public!

Devil2575

13,400 posts

131 months

Saturday 30th March 2013
quotequote all
magnum555 said:
AB said:
You want to try selling an 11 year old 330Ci Convertible.

Not a sniff.
In general the used car market is struggling at the moment.
I todays climate, with high fuel prices, wages not keeping up with inflation and uncertainty over jobs I imagine the market for many cars has shrunk considerably.

J4CKO

27,677 posts

143 months

Saturday 30th March 2013
quotequote all
djdestiny said:
I run a register for B5 RS4's, so am always looking for them on Autotrader/PH/etc.
Some have been for sale with the same dealer for the best part of a year now without the prices hardly dropping at all.
Try selling a 13 year old thirsty car with big running costs for £10k+ to the general public!
Then they are too expensive! Basically anything will sell, at the right price, being fast doesn't guarantee a 13 year old car is worth ten grand, lots of scope for big bills, huge thirst and looking fairly old nowadays don't help, I like them but a modern s line looks as sporty, does 45 to the gallon, goes fast enough for joe public and impresses the neighbours for 300 a month.

Dealers, especially a lot on ph get carried away and price at double what a car is worth, puts people off going to see it, more telling and a truer idea of prices is the completed listings search on eBay.


NelsonR32

1,264 posts

114 months

Saturday 30th March 2013
quotequote all
I would imagine the lack of Cab interest is due to the unusually poor weather we've been having this time of year.

I hope it is anyway as I've just bought a 330ci Cab biggrin

djdestiny

6,542 posts

121 months

Saturday 30th March 2013
quotequote all
J4CKO said:
Then they are too expensive! Basically anything will sell, at the right price, being fast doesn't guarantee a 13 year old car is worth ten grand, lots of scope for big bills, huge thirst and looking fairly old nowadays don't help, I like them but a modern s line looks as sporty, does 45 to the gallon, goes fast enough for joe public and impresses the neighbours for 300 a month.

Dealers, especially a lot on ph get carried away and price at double what a car is worth, puts people off going to see it, more telling and a truer idea of prices is the completed listings search on eBay.
10k gets you a cheap one, you're looking at 13-15k for a really sorted and looked after one.
They are not over priced at 10k at all, the point I was trying to make is that dealers have put them on their forecourt and are now stuck with them.
If a 6-7 year old basic model isn't selling what were they thinking when they took on something like an RS4!

mantaray

249 posts

144 months

Saturday 30th March 2013
quotequote all
Yes they do cost a fortune to fix , any light on the dash is on average £400 plus , just clearing the codes is just delaying the day , we do sell lots of 10/ 13 year old BMW Audi stuff , just cant be greedy with it , sold yesterday 330 ci coupe 2001 £1800 . lot of car for no cash

MJK 24

5,320 posts

179 months

Saturday 30th March 2013
quotequote all
djdestiny said:
J4CKO said:
Then they are too expensive! Basically anything will sell, at the right price, being fast doesn't guarantee a 13 year old car is worth ten grand, lots of scope for big bills, huge thirst and looking fairly old nowadays don't help, I like them but a modern s line looks as sporty, does 45 to the gallon, goes fast enough for joe public and impresses the neighbours for 300 a month.

Dealers, especially a lot on ph get carried away and price at double what a car is worth, puts people off going to see it, more telling and a truer idea of prices is the completed listings search on eBay.
10k gets you a cheap one, you're looking at 13-15k for a really sorted and looked after one.
They are not over priced at 10k at all, the point I was trying to make is that dealers have put them on their forecourt and are now stuck with them.
If a 6-7 year old basic model isn't selling what were they thinking when they took on something like an RS4!
Surely any car that has been for sale for a year is overpriced?

Fishtigua

Original Poster:

9,786 posts

138 months

Saturday 30th March 2013
quotequote all
MJK 24 said:
Surely any car that has been for sale for a year is overpriced?
That's it's "value". It says so in the book. read

As I said, that arse has been ripped out of this market.

Fort Jefferson

8,194 posts

165 months

Saturday 30th March 2013
quotequote all
Fishtigua said:
MJK 24 said:
Surely any car that has been for sale for a year is overpriced?
That's it's "value". It says so in the book. read
The book is fiction then.

NelsonR32

1,264 posts

114 months

Saturday 30th March 2013
quotequote all
The B5 RS4 is the sort of car that is either bought on a whim or as an investment. So its either the wrong car (poor nick, wrong spec) or just waiting for the right buyer.

I've got first dibbs on a garaged 100k mile, 1 owner in Avus silver. The guy is approaching 70 and will be getting shot in the next few years. Planning to lock it away in my garage and run it 6 months of the year.

brianb

338 posts

79 months

Saturday 30th March 2013
quotequote all
J4CKO said:
Then they are too expensive! Basically anything will sell, at the right price, being fast doesn't guarantee a 13 year old car is worth ten grand,
Nail on the head

How long would these be sat around @ £6k? No long I suspect

grahamr88

381 posts

116 months

Saturday 30th March 2013
quotequote all
NelsonR32 said:
I've got first dibbs on a garaged 100k mile, 1 owner in Avus silver. The guy is approaching 70 and will be getting shot in the next few years.
Seems like rather an extreme way to get the blokes car off him!

premio

1,020 posts

107 months

Saturday 30th March 2013
quotequote all
Fishtigua said:
That's it's "value". It says so in the book. read

As I said, that arse has been ripped out of this market.
As pointed out, it's a buyers market now and book price definitely doesn't reflect sale price IMO. I'm sure you are, but are you also dropping the price on a monthly basis according to the book prices, which are adjusted each month? I know on my last car it was dropping something stupid like 600 a month.

As painful as it is, the place to get a feel for what prices cars actually sell as is eBay, log in, do a search and go to advanced search and click 'completed listings only'. Those in red didn't sell the ones in green did - these are the real prices the public will pay. Often a fair bit below book price. I PXed my last car, and there were dealers selling the same car as mine for £1500 less than the PX book price for its condition!

Good luck!