Have used Car Prices hit top level

There has been no significant improvement in supply so I don't think used car prices have necessarily plateaued.

You do have a good point on the demand side. The impact of the Covid savings will have fallen off a little. Also with prices of cars and fuel (including electricity) having risen substantially some people may begin to question whether they actually need a car and others questioning whether they need two or more cars in the household.

I bought a 420D in January 2020 for 27500. It had 35k Km and M Sport Pro.

I see a Private one up for sale yesterday with 80k km on it the same spec for 28,000 euro!

I don't expect supply to increase short term meaning high used prices here to stay for the moment. Nobody has convinced me otherwise anyway. Remember that used cars are also related to new car prices too.....which have gone up for reasons other than supply too.

The cars I am looking at (5 series, A6) have gone from well under 60k to well over 65k since covid for a new one in the spec I want (msport, sline) so used price have been higher too.

Not sure what engine your looking at but a lot of 3/5 series, A4/A6 diesel type cars are in a high bik bracket come January, I'd guess you'll have businesses off loading them and opting for more bik friendly cars with low emissions. That could put downward pressure on used prices and a slower demand on new ones.

Also diesel has become more expensive in comparison to petrol, I wonder will the government allow that price difference to get larger as it suits some of their policies.

Not sure if it'll play out like that but if there's a good supply of new cars in January/February it's possible.

Great price on your car but not a great cost to change I would bet. I've an A6 and am shocked how much it is still worth but trading up years is massive money so I'll probably keep it.

Cost to change has never been higher for most cars, I'm sure there's the odd exception.

Was looking at 6 pots last year as second car for household and was half considering a c or e class coupe. Ended up going for an i4 instead!

Anyway, one of the c class coupes I seen online was up for 56k at the time (4 years old).

Looks like it is still up nearly a year later and now 59k.

Complete madness, they are hardly gonna sell it anywhere close to that price. I really hope nobody pays it. I certainly wouldn’t.

E400d coupe was preferred choice but was literally zero available in republic! (Vrt rates importing from UK made it nearly as expensive as top specced new I4 40)

I4 was probably far more sensible choice in end I suppose!

Yep, remember considering an 2017+ e400d coupe from the north last year and there were five or six available. A search now shows zero!

There looking for 10 k for standard enough cars that are over ten years old with 250 k on them .Total madness.

Very interesting... Thanks. I've a 2017 A6 Black Edition with Tech Pack etc and only 40k Km on it. I am considering selling and just then buying something else long term. We can manage on 1 x car for now as I am WFH for most of my time anyway.

Any thoughts on how best to go about this? - sell privately or do dealers buy cars that are not being traded in. I am honestly just cagey about having to deal with private sale with scammers and tyre kickers etc.

Any help is much appreciated.

I have heard adverts on radio for a certain premium dealership looking for people to sell their cars for cash, The Dealership I bought my car from said they offer cash as well.

My car is in dealerships for approx 20-21k. Overpriced but that's the market at present isn't it.

Anyway, I've been offered 16s and 17s for it both as a trade in and as a straight purchase by dealers. In around what private sellers are asking. Shows that dealers probably not interested in selling them for under their own asking prices too.

Interesting. Would you mind sharing what car?

I've noticed some cars heading back towards the price they were when I was legitimately looking at buying. Well specced 2018ish 5 series and A6s. That said, it's the 2020 price these cars are getting back to. For most of 21 and 22 they have been well above that price.

Interestingly in the UK used car prices are down just over 2% both in March and April.

There seems to be a slow down in demand. I would guess this is due to post Covid related factors and some consumer hesitancy given fuel inflation and cost of living increases.

The same may be occuring here, I haven't come across any data to know for sure. Perhaps others would know anecdotally what way sales are.

I don't see this leading to a steep decline in the UK as there is still serious pressure on the supply side and will be for another while.

I've seen a new A6 2022 reg €85k same spec as mine new a few years ago was around the €65k mark.How could new cars be gone up by 20k?

I'm going call the dealership on Monday and enquire about the car.