What is going on with car prices?
What is going on with car prices?
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BigSeats4FatAss

Original Poster:

5 posts

64 months

Thursday 15th April 2021
quotequote all
I'm in the market for a used saloon/estate kind of car and the prices are just eye wateringly expensive it seems at the moment.

2015 Skoda Superb 175000 miles for sale for £5750. Thats a £2000 car max at them miles.

2016 Skoda Superb 1.6 TD 200000 miles £6250 from a private seller! What is he on?

Octavias are all overpriced, as are Passats, Prius are all imported garbage. Might as well forget about Audi and BMW's.

Even Mondeos and Insignias are more expensive than they should be. Its an absolute st show for buying a car for under 10k at the moment.

My 08 avensis estate cost me £2000 with 80k miles on 2.5 years ago, I've put 110k miles on it and now I'm in the market for more of a family motorway cruiser the market seems to have gone to st.

0ddball

915 posts

167 months

Thursday 15th April 2021
quotequote all
Chancers trying their luck with covid prices. Quite why they think a used car/bike would be worth more just because there was a slight shortage of toilet paper in supermarkets I don't know.

Plus they are part of the 150k+ miles, just run in, nothing for this engine, drives like new brigade.

I'm looking at bikes at the moment and people are asking £5k for 15 year old bikes that were selling for £5k 10 years ago.

Wilmslowboy

4,753 posts

234 months

Thursday 15th April 2021
quotequote all
Interesting


We have a 2012 520d Msport Tourer, thats sat on the drive doing nothing (wife's got a new car) but I cann't bring myself to sell it as values seem ridiculously low, (or at least below my expectations).








PH User

22,154 posts

136 months

Thursday 15th April 2021
quotequote all
BigSeats4FatAss said:
I'm in the market for a used saloon/estate kind of car and the prices are just eye wateringly expensive it seems at the moment.

2015 Skoda Superb 175000 miles for sale for £5750. Thats a £2000 car max at them miles.

2016 Skoda Superb 1.6 TD 200000 miles £6250 from a private seller! What is he on?

Octavias are all overpriced, as are Passats, Prius are all imported garbage. Might as well forget about Audi and BMW's.

Even Mondeos and Insignias are more expensive than they should be. Its an absolute st show for buying a car for under 10k at the moment.

My 08 avensis estate cost me £2000 with 80k miles on 2.5 years ago, I've put 110k miles on it and now I'm in the market for more of a family motorway cruiser the market seems to have gone to st.
If they are all over priced then that's the price, so they aren't over priced.

av185

20,464 posts

155 months

Thursday 15th April 2021
quotequote all
Simple supply and demand.

Severe shortage of many used cars at all price levels folks flush with cash lockdown easing better weather increased lead times and price incs for new cars many delays etc dealers will get more ££ by waiting hence price rises and more expected.

If you think prices went ballistic last year see what they will do now towards summer.

Mark8815

205 posts

110 months

Thursday 15th April 2021
quotequote all
I’ve noticed the same with motorbikes, but I’ve just seen it that down to the usual “it’s coming up to summer so prices always rise”

BigSeats4FatAss

Original Poster:

5 posts

64 months

Thursday 15th April 2021
quotequote all
PH User said:
If they are all over priced then that's the price, so they aren't over priced.
But they are over priced. Why would anyone pay £6-8k for something with 150,000 to 200,000 miles on it when you can go to a main dealer and get the same approved used car that is newer with 40-60,000 on the clock and comes with a 12 month dealer warranty for £7-9K?

62 Plate Skoda Superb, 43,488 miles 2.0 TDI is £7990 from Skoda.

These are just examples, I'm probably going to go approved used. I just can't believe anyone is selling (or buying) the ste that is out there at the minute.

BigSeats4FatAss

Original Poster:

5 posts

64 months

Thursday 15th April 2021
quotequote all
Wilmslowboy said:
Interesting


We have a 2012 520d Msport Tourer, thats sat on the drive doing nothing (wife's got a new car) but I cann't bring myself to sell it as values seem ridiculously low, (or at least below my expectations).
How much you want for it?

ChocolateFrog

34,954 posts

201 months

Thursday 15th April 2021
quotequote all
If you're doing 45k miles a year and are only now looking for a motorway cruiser?

Harry Flashman

21,665 posts

270 months

Thursday 15th April 2021
quotequote all
And yet dealers are offering 20k for my mint, 60k mile 2012 CLS63AMG on trade in.

Someone's making money!

ChocolateFrog

34,954 posts

201 months

Thursday 15th April 2021
quotequote all
BigSeats4FatAss said:
PH User said:
If they are all over priced then that's the price, so they aren't over priced.
But they are over priced. Why would anyone pay £6-8k for something with 150,000 to 200,000 miles on it when you can go to a main dealer and get the same approved used car that is newer with 40-60,000 on the clock and comes with a 12 month dealer warranty for £7-9K?

62 Plate Skoda Superb, 43,488 miles 2.0 TDI is £7990 from Skoda.

These are just examples, I'm probably going to go approved used. I just can't believe anyone is selling (or buying) the ste that is out there at the minute.
For starters it sounds like you're comparing 2015/16 models to a 2012 model.

Age trumps mileage IMO. It's UK winters that kill cars not mileage.

That said there's been chancers for as long as the there's been sales.

PH User

22,154 posts

136 months

Thursday 15th April 2021
quotequote all
BigSeats4FatAss said:
PH User said:
If they are all over priced then that's the price, so they aren't over priced.
But they are over priced. Why would anyone pay £6-8k for something with 150,000 to 200,000 miles on it when you can go to a main dealer and get the same approved used car that is newer with 40-60,000 on the clock and comes with a 12 month dealer warranty for £7-9K?

62 Plate Skoda Superb, 43,488 miles 2.0 TDI is £7990 from Skoda.

These are just examples, I'm probably going to go approved used. I just can't believe anyone is selling (or buying) the ste that is out there at the minute.
The market rate is higher than you are willing to pay, that doesn't mean that they are over priced though.

Easternlight

3,916 posts

172 months

Thursday 15th April 2021
quotequote all
Used car market is in a total pickle. Lack of new car sales because of Covid has destroyed the downward chain of sales.
I've been looking for over a year now.

jeremyh1

1,505 posts

155 months

Thursday 15th April 2021
quotequote all
At the scrap end of the market cars with no mot that are only fit for breaking are going for stupid money
later Saabs are a good example

Wilmslowboy

4,753 posts

234 months

Thursday 15th April 2021
quotequote all
BigSeats4FatAss said:
How much you want for it?
A chunk more than the £6k I'm being offered.

But as you see prices for cars at this age, can be all over the place.



Harry Flashman

21,665 posts

270 months

Thursday 15th April 2021
quotequote all
Also from the lease thread, very few decent deals so I suspect peopme want cheap cars until deals come back? May not help with prices.

UK has silly low prices on second hand cars compared to almost anywhere else. So we have had it good for a long time...

ChrisH72

3,068 posts

80 months

Thursday 15th April 2021
quotequote all
You mentioned that you paid £2k for an 08 avensis with 80k miles a couple of years ago.

There are 10 plate insignia 2.0 diesel estates with under 100k miles listed on autotrader for £2750 so will probably sell for £2500 or less.

Not too much different but yes prices are a bit high in general at the moment. You have to consider that new cars are getting more and more expensive with all the latest tech so that’ll have an effect on used prices.

paulrockliffe

16,529 posts

255 months

Thursday 15th April 2021
quotequote all
jeremyh1 said:
At the scrap end of the market cars with no mot that are only fit for breaking are going for stupid money
later Saabs are a good example
We Buy Any Car dropped their valuation of my car from £1500 to £150 either side of Christmas, yet similar examples on eBay have bids in the £2000-3000 range.

When is peak stupidity due? I'm not using my car, just waiting for time to prep it for sale, so I should probably get on with it.
And when's the crash due so I can jump back in?

anonymous-user

82 months

Thursday 15th April 2021
quotequote all
Harry Flashman said:
And yet dealers are offering 20k for my mint, 60k mile 2012 CLS63AMG on trade in.

Someone's making money!
Is it sale time already? I could be tempted to get my third, given I know how well its been looked after.

Gliese

32 posts

103 months

Thursday 15th April 2021
quotequote all
Is this just an effect of the market manipulation by the motoring trade?
It appears from my very limited knowledge on this they they are witholding cars from the market to drive prices up.
If fewer people are buying cars at the minute then they'll try and raise prices to balance it out.

https://metro.co.uk/2020/05/06/35000000-car-park-w...


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