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Car Forum / UK Car Forums / General Car Topics (UK group) / March 2009Are secondhand cars really getting cheaper?
Are secondhand cars really going to getting cheaper? People are buying fewer new cars. So wouldn't fewer second hand cars get offered for sale? Presumably this scarcity could then push up prices. Is there any evidence this is happening? > Are secondhand cars really going to getting cheaper? > [quoted text clipped - 3 lines] > > Is there any evidence this is happening? I've been looking since the beginning of the year and I certainly haven't noticed prices coming down, but not really going up much either. Availability of some models has come down though, as you might expect as fewer people will be trading in on new cars. Perhaps the scarcity is offset by a decrease in demand even for second-hand cars? Z > Are secondhand cars really going to getting cheaper? > > People are buying fewer new cars. So wouldn't fewer second hand cars > get offered for sale? Presumably this scarcity could then push up > prices. They have come down but only in certain age brackets. The sub £1000 market hasn't really moved but cars around 5-6 years old have basically dropped 50% the last year.  SignatureConor I only please one person per day. Today is not your day. Tomorrow isn't looking good either. - Scott Adams >> Are secondhand cars really going to getting cheaper? >> [quoted text clipped - 6 lines] > The sub £1000 market hasn't really moved but cars around 5-6 years old > have basically dropped 50% the last year. Completely wrong, you have no knowledge of the motor trade by the sound of it. You stick to washing the cars. ? > Completely wrong, you have no knowledge of the motor trade by the sound > of it. You stick to washing the cars And neither have you. Twat > Completely wrong, you have no knowledge of the motor trade by the sound > of it. You stick to washing the cars. Clive the clueless proving that yet again, he has no idea. The pricing data is there for anyone to see. SignatureConor I only please one person per day. Today is not your day. Tomorrow isn't looking good either. - Scott Adams > Are secondhand cars really going to getting cheaper? > [quoted text clipped - 3 lines] > > Is there any evidence this is happening? For someone buying a car now that's a year or two old then there do seem to be some very good buys around , especially if you are buying a less economical vehicle. You'll get a correspondingly poor trade in of course , but thats no great surprise. In a year or so's time I think we will see quite strong secondhand prices for cars of a similar age as poor sales now mean a lack of secondhand stock. SignatureAlex "I laugh in the face of danger , then I hide until it goes away" > Are secondhand cars really going to getting cheaper? > [quoted text clipped - 3 lines] > > Is there any evidence this is happening? No, prices are not lowering. The problem is that people are unwilling to spend their money on new cars. Why buy a new one and lose half the value instantly. People can keep buying used cars or various prices, so it would have no effect on the market, it's nothing to do with new car sales. Showrooms like Lookers and ford price fix their used cars now. They are so thick they are putting themselves out of business. I know of 4 local showrooms that have closed. They refuse to sell thousands of stockpiled cars slightly cheaper to sell more, make a smaller profit but guarantee some sort of income. So they have themselves to blame. Why buy new when you can buy a car at half of the original manufacturer fixed retail price after 2 years. >> Are secondhand cars really going to getting cheaper? >> [quoted text clipped - 21 lines] >fixed retail >price after 2 years. How many 6 month / 1 year old cars are coming on the market compared to a year ago? Will there be any 2 year old cars in 1 year - 18 months time to be 1/2 price? Bloke 3 doors up has just chopped an Alpnia D10 in for a 09 plate Porker Carrena S. Can't remember reg of the D10. SignaturePeter Hill Spamtrap reply domain as per NNTP-Posting-Host in header Can of worms - what every fisherman wants. Can of worms - what every PC owner gets! > Are secondhand cars really going to getting cheaper? > [quoted text clipped - 3 lines] > > Is there any evidence this is happening? Not really. There are *still* people out there who're flogging mid '90s stuff thinking they're going to get screwed for £400 road tax, so they're worth looking out for and bidding in the bollocks. Secondhand prices are firming up pretty rapidly. Now is the time to buy. SignaturePete M - OMF#9 Range Rover V8 Turbo Escort Diesel Van 99 Transit SWB "Wait! We can't stop here, this is Bat Country" > > Secondhand prices are firming up pretty rapidly. Now is the time to > buy. The newspaper on saturday had a piece in about a possible Govt. scheme being planned to offer £2000 trade-in on cars 9 years old or more, provided they are scrapped. The trade-in is to be used against new cars or cars up to 1 year old. Anyone else heard of this? >>> Secondhand prices are firming up pretty rapidly. Now is the time to >> buy. [quoted text clipped - 3 lines] > are scrapped. The trade-in is to be used against new cars or cars up to 1 > year old. Anyone else heard of this? Yup, they've introduced it in Germany and the price of anything old and semi-worthwhile has shot up. Old Cortina Mk4s in scruffy condition are now €2500. They did it in Eire about 10 years ago, which is why all our old stuff is going there for big money. Mk2 Escort prices were pretty much hiked to death through the Irish. They've done the same to all the old RWD Jap tat as well. If they do it here, it'll get rid of a lot of older cars, but it'll soon get to the point where 6-7 year old cars are worth bugger all, which will effect everyone. Then again, a lot of 6-7 year old cars are dropping rapidly in price due to the road tax situation on 2001 onwards large engined stuff. As usual, we're being shafted from all directions by the gubbermint and the Greens. SignaturePete M - OMF#9 Range Rover V8 Turbo Escort Diesel Van 99 Transit SWB "Wait! We can't stop here, this is Bat Country" > Then again, a lot of 6-7 year old cars are dropping rapidly in price due > to the road tax situation on 2001 onwards large engined stuff. I'm sorry but you're incorrect. I said the very same thing and Clive told me I had no knowledge of the motor trade and should stick to washing cars. So as Clive has said I'm wrong, it must be true. SignatureConor I only please one person per day. Today is not your day. Tomorrow isn't looking good either. - Scott Adams > Yup, they've introduced it in Germany and the price of anything old > and semi-worthwhile has shot up. Old Cortina Mk4s in scruffy [quoted text clipped - 4 lines] > to death through the Irish. They've done the same to all the old RWD > Jap tat as well. So, what's the point in the Eire govt effectively paying to import cars just so they can be scrapped? It's very nice of them, but surely they could just have added a rule that the car had to have been in Eire for at least 9 years or summat? Anyway, does that mean we can all become rich by buying up lots of crappy cars that can't pass their MOTs "GB" <NOTsomeone@microsoft.com> gurgled happily, sounding much like they were saying: >> They did it in Eire about 10 years ago, which is why all our old stuff >> is going there for big money. Mk2 Escort prices were pretty much hiked >> to death through the Irish. They've done the same to all the old RWD >> Jap tat as well. > So, what's the point in the Eire govt effectively paying to import cars > just so they can be scrapped? It's very nice of them, but surely they > could just have added a rule that the car had to have been in Eire for > at least 9 years or summat? There's also a very big registration fee on cars imported to Ireland. > "GB" <NOTsomeone@microsoft.com> gurgled happily, sounding much like they > were saying: [quoted text clipped - 10 lines] > > There's also a very big registration fee on cars imported to Ireland. The Eire gubbermint don't import the cars. People who live there who want fun cars have bought all the decent Mk2 Escorts, as the import taxes and registration fees are huge the prices of them have gone truly mental. They've done the same with the old RWD Jap stuff. People aren't buying them to scrap them, they're buying them because they're good cars and all the native to Eire ones were scrapped when they had the 'scrap your car for a grand' offer years ago. Basically, the Irish scrapped all their old RWD Escorts, Corollas etc 10 years ago, then realised that was a daft thing to do so they've bought all our good ones. Because they've had to spend big money registering them in Eire the prices have gone through the roof over the last few years. I was selling RS2000s 10 years ago for £1500 in good condition. Shortly after I stopped selling them I started seeing them in Irish adverts for £4k, then £5k, then £7k. In England they were still £4k tops, but the Irish drove the prices through the roof. Secondhand car prices are going to go even more mental if they start with this sh.t. SignaturePete M - OMF#9 Range Rover V8 Turbo Escort Diesel Van 99 Transit SWB "Wait! We can't stop here, this is Bat Country" "GB" <NOTsomeone@microsoft.com> gurgled happily, sounding much like they were saying: > The newspaper on saturday had a piece in about a possible Govt. scheme > being planned to offer £2000 trade-in on cars 9 years old or more, > provided they are scrapped. The trade-in is to be used against new cars > or cars up to 1 year old. Anyone else heard of this? Everybody that's not been hiding under a rock for the last month, yes. GB;452423 Wrote: > Secondhand prices are firming up pretty rapidly. Now is the time to- > buy.- [quoted text clipped - 6 lines] > to 1 > year old. Anyone else heard of this? Yeah, and the discussion is being heated as the outcome of a schem implemented in Germany has been announced. The German government ha decided to offer a bonus of €2500 to every person buying a new car wh trades in a car older than 9 years at the same time. This step has le to an increase in new car sales and at the same time has improved th situation on the used car market. And to check the prices on the used car market in Northern Ireland where I am from, I use 'Ulster Cars - Buy & Sell, New & Used Cars i Northern Ireland' (http://www.ulstercars.co.uk) And I think the price of used cars are definitely not going down, at least not here -- Tom001 > Yeah, and the discussion is being heated as the outcome of a scheme > implemented in Germany has been announced. The German government has > decided to offer a bonus of €2500 to every person buying a new car who > trades in a car older than 9 years at the same time. This step has led > to an increase in new car sales and at the same time has improved the > situation on the used car market. I suspect that it's only been "improved" from the seller's point of view. Ordinary people, not in the trade, may find that it's completely f.cked up the situation on the used car market. |
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