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Old 26-07-2021, 09:24 PM   #1
kingswood
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car price correction

we all know second hand car prices are through the roof at the moment.

was speaking to my mate who has a car lot and he said he's expecting them to level after September when the new cars are released.

he said the lease/contract companies have being holding onto stock until they can get more stock - hopefully September
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Old 26-07-2021, 10:53 PM   #2
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Semi conductor/ supply issues in the new market too.

The likes of VW/Audi could mean this is dragged out into early 2022 I think.

Great if you want to sell a car, and not replace it.
But if you want to buy something new, you might have a wait, or buy something used, pay a premium

Everything's relative.
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Old 26-07-2021, 11:49 PM   #3
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It's crazy. It's not as if there is a shortage of used cars driving the prices up. The prices have shot up, but they are still taking a while to move.

People are obsessed with the value of their car going up. As James says it's meaningless as the next car up the ladder has taken a bigger jump in value. It's a bit like the housing market was before.
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Old 26-07-2021, 11:54 PM   #4
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Both of our minis have gone up, mines gone from a private sale value of £5000 to £6500, the other has gone from a px value of 13k to 16k - we only paid 17k for it 3 years ago.
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Old 27-07-2021, 12:05 AM   #5
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Both of our minis have gone up, mines gone from a private sale value of £5000 to £6500, the other has gone from a px value of 13k to 16k - we only paid 17k for it 3 years ago.
It's happening a lot for lots of cars. It was a Mustang you've been aiming for?

There is only a few under £30,000 now and they are LHD, a write off or huge miles. They were in the mid £20,000s not so long ago.
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Old 27-07-2021, 07:51 AM   #6
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Originally yes, when I started looking 2-3 years ago 26k got you a 2016 model, now as you say there is nothing under 30k
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Old 27-07-2021, 12:15 PM   #7
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The value of my missus's Kodiaq has risen from £20k to £24k and my Focus from £24k to £28k. I ordered a Yaris GR in March for next May delivery so that price will stay put but I would imagine they will put the price up in the mean time.
Its probably worth selling valuable cars and running a shed for a while - I expect prices will be back to normal by next Summer.
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Old 27-07-2021, 12:31 PM   #8
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It has been pretty crazy to watch the market over the last few months though.

I have been keeping a spreadsheet for potential new vehicles as a Motability replacement for our Seat Alhambra.

A few complications have meant that we will most likely order the next car in September and not see the car until next year (I predict March).

Cars that are listed on the site with an Advance payment of £1500 in June of this year are now at over £2500
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Old 27-07-2021, 01:34 PM   #9
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Quote:
Originally Posted by RS3 View Post
The value of my missus's Kodiaq has risen from £20k to £24k and my Focus from £24k to £28k. I ordered a Yaris GR in March for next May delivery so that price will stay put but I would imagine they will put the price up in the mean time.
Its probably worth selling valuable cars and running a shed for a while - I expect prices will be back to normal by next Summer.
The chap who delivered my car was talking about the little Toyota GR. He had paid for one and was waiting for it. He didn't even see it. It arrived and the dealer rang him and said he would pay him £9k if he let him sell it to someone else so he did.
That model seems to have gone mad. He said another dealer has told him since that he has a customer waiting and he is willing to pay over £50k for one
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Old 27-07-2021, 01:53 PM   #10
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The chap who delivered my car was talking about the little Toyota GR. He had paid for one and was waiting for it. He didn't even see it. It arrived and the dealer rang him and said he would pay him £9k if he let him sell it to someone else so he did.
That model seems to have gone mad. He said another dealer has told him since that he has a customer waiting and he is willing to pay over £50k for one
There are quite a few selling on Ebay with just a few miles on for 3k to 5k over the list£. I expect by the time I get mine there will be plenty about but as I said, I wouldn't be surprised if they up the price given the demand - people believe that the GR is being sold under the cost of manufacture so I doubt if they will extend the number of cars being made which I think is about 25000 world wide. Very pleased I got my order in when they where offering 0% finance too
Just need to tell the wife that I ordered it and i'm planning on selling her car to get it.......
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