Crazy Car Prices

A particular car model in a 2018 plate is the same price now as a 5 year old as it was in 2020 as a 2 year old when I first started keeping an eye on them. With higher mileage now of course and more wear and tear.

The price of a new one has increased by about 10k in the 3 years too, without much changes or specification.

Out of the market for it now myself but keep an eye out on prices for interest

Brought in a UK 67plate Volvo XC some 5 years ago. Top spec D5 inscription model. Sold it January for more than I paid. Mad or what.

Also got a 27 year old Italian play thing in the garage that has more than quadrupled in price. Only ever seen 1 other come up for sale in the past 10 years

I just refuse to change at present prices, was half tempted to sell my present car and go the bangernomics route for a year or two. Very happy wiith present car, will probably hold it for many years to come.

Many dealers here are having trouble getting in new stock of new cars in sufficient numbers .. I’ve read and told it’s in part to do with the global microchip shortage … lots of motoring publications back this outlook….

if there is a scarcity of new cars, there will be to some degree a greater demand for used cars, which will presumably mean they become more expensive… supply vs demand etc..

Our tax & insurance system doesn’t help either. Most people can’t justify paying €1000+ on some older cars so they just become worthless to most people. But in Europe these cars could still be worth €10k+

I agree used car prices are a lot higher than people are used to. Are most people earning more cash now then in 2016/2017? I know I certainly am and. Used car prices will be whatever people are willing to pay and there is simply more money floating around and a shortage of new cars. Not everyone is better of but the cost of living crises does not apply to everyone evenly.

I started keeping an eye on DoneDeal for an new (to me) car a few weeks ago. 70k cars online then, 75k+ now. Prices will go down if it continues. Even as it is, a lot of cars seem very slow to sell.

Our secondhand stock is coming from 2012, 13, 14. The years when we were recovering from recession. Sames were low and mainly small diesels or crossovers. Want anything else, god luck.

Secondly, and perhaps more importantly, brexit has stopped most UK imports.

Then there are lunatics pricing their cars. I changed recently, some of the asking prices are madness. One A7 has dropped 7 grand since first advertised and it started at 25k. So people are just chancing their arms.

Be interesting to see if windsor agreement sorts some UK stock. Supposed to allow dealers claim VAT back.

What I don't understand is with all those PCP deals seemingly half the country is on for a number of years now shouldn't there be loads of 3 and 4 year old cars around for sale?

It will backfire on the greens as everyone will be driving older cars with higher emissions. Ryan is a tool, doesn't live in the real world.

New prices are nuts saw a C180 AMG line for nearly 75k for a c class!!!

They have another one with a similar reg for €1000 less than it was list price new.

Polo 60ps is €25k now, Golf TSI was €21k in 2018, that’s €30k now

Polo used prices have always been beyond logic.

The seller of the 4 year old one has probably priced it on the premise that there is a long lead time on getting a brand new one. Still long lead times on certain cars. Also plenty of 4 year old Tesla Model 3 for sale at similar asking prices to what you can buy a brand new one for right now too despite recent price cuts.

I wouldn't buy any Tesla at present to be honest with the way Musk is messing with prices. Shifting volume might satisfy Tesla shareholders but unstable resale values ends up costing owners.

You can pick up 2019 Model 3’s now for less than €30k after some negotiation. But I reckon the best time to buy will be December. Another 6 months of depreciation but just before the VRT grant finishes which will keep prices firm. I’d say you’d pick one up for mid to high €20’s in about 6 months time. Add a couple of grand for a 2020 model

I was looking at 2014 golfs recently as a second car. Almost 13k average for a 1.2 petrol automatic, most of them are japanese imports which will be hard to sell on again due to the insurance cartels. Crazy prices.

My insurance company refused to insure jap imports. I'll have to try a broker

You can't buy a new car abroad any more , manufacturers don't allow it . Also as said it's not the factory price that makes our cars expensive . It's the taxes etc

Hi,

When is the best time to buy a second hand car ? wait til July when the new reg is out or June when sales guys might be under pressure to sell ?

Carzone valuation is never correct, always over estimates. I think all it does is take all of the advertising prices and gives you an average based on year and mileage.