Market over £50k
Discussion
Am looking at Vantage Roadsters, fancy a 6.0 V12 but keep going back to the newer Merc engine from 2021 as it will get more use. Most cars seem to be selling within a few weeks however there are a couple that have been on sale since last summer and despite being well priced don’t sell but I could have answered my own question why as they are not the colours and spec I would want.
Jk89 said:
I’ve looked at pre OPF vantages myself.
Maybe things will start moving now we’re into Spring?
The number of 992’s that have been for sale for a year is surprising. Decent spec and colours too.
992's are really common, along with being over priced. thats why they're not sellingMaybe things will start moving now we’re into Spring?
The number of 992’s that have been for sale for a year is surprising. Decent spec and colours too.
Frankychops said:
Jk89 said:
I’ve looked at pre OPF vantages myself.
Maybe things will start moving now we’re into Spring?
The number of 992’s that have been for sale for a year is surprising. Decent spec and colours too.
992's are really common, along with being over priced. thats why they're not sellingMaybe things will start moving now we’re into Spring?
The number of 992’s that have been for sale for a year is surprising. Decent spec and colours too.
New cars have discounts atm.
I’ve read some of the arguments on here and I don’t want to start another.
I’m just genuinely confused as to why dealers aren’t reducing prices if cars aren’t moving?
The reason I used the 911 as an example is that I thought they sold quick compared to other cars in this price range.
People who think their cars are worth what they 'may' have been worth previously are obviously going to be with them for longer. I often feel there's an element of listing a car and if someone wants to buy it at that price they'll let it go, but if not the owners happy to keep it - which is what I'm doing with my boat at the moment.
Petrus1983 said:
People who think their cars are worth what they 'may' have been worth previously are obviously going to be with them for longer. I often feel there's an element of listing a car and if someone wants to buy it at that price they'll let it go, but if not the owners happy to keep it - which is what I'm doing with my boat at the moment.
That makes sense.It’s dealers that are confusing me a little bit?
It seems new cars are the best value at the moment. I guess they can’t let new cars sit too long?
I watched my previous lease handback go through auction, then onto the buying dealer where it spent 46 weeks before selling.
Priced way too high initially before they finally at about week 40 began aggressively slashing the price. It finally sold for less that it went through auction for.
Sign of the times? I bet there’s loads of cars on forecourts now upside down financially. Maybe some are slower / less reluctant to acknowledge than others.
Priced way too high initially before they finally at about week 40 began aggressively slashing the price. It finally sold for less that it went through auction for.
Sign of the times? I bet there’s loads of cars on forecourts now upside down financially. Maybe some are slower / less reluctant to acknowledge than others.
Edible Roadkill said:
I watched my previous lease handback go through auction, then onto the buying dealer where it spent 46 weeks before selling.
Priced way too high initially before they finally at about week 40 began aggressively slashing the price. It finally sold for less that it went through auction for.
Sign of the times? I bet there’s loads of cars on forecourts now upside down financially. Maybe some are slower / less reluctant to acknowledge than others.
I just get a feeling I’m about to buy before a drop.Priced way too high initially before they finally at about week 40 began aggressively slashing the price. It finally sold for less that it went through auction for.
Sign of the times? I bet there’s loads of cars on forecourts now upside down financially. Maybe some are slower / less reluctant to acknowledge than others.
Surely they have to start moving cars with summer approaching?
Only bargain priced used cars I seen over winter were cayman 4.0 gts that were up to £12k below AT average price. They seem to have firmed up a bit now.
A mate is looking for a rs3 8y and he says they’re dropping atm.
Jk89 said:
Edible Roadkill said:
I watched my previous lease handback go through auction, then onto the buying dealer where it spent 46 weeks before selling.
Priced way too high initially before they finally at about week 40 began aggressively slashing the price. It finally sold for less that it went through auction for.
Sign of the times? I bet there’s loads of cars on forecourts now upside down financially. Maybe some are slower / less reluctant to acknowledge than others.
I just get a feeling I’m about to buy before a drop.Priced way too high initially before they finally at about week 40 began aggressively slashing the price. It finally sold for less that it went through auction for.
Sign of the times? I bet there’s loads of cars on forecourts now upside down financially. Maybe some are slower / less reluctant to acknowledge than others.
Surely they have to start moving cars with summer approaching?
Only bargain priced used cars I seen over winter were cayman 4.0 gts that were up to £12k below AT average price. They seem to have firmed up a bit now.
A mate is looking for a rs3 8y and he says they’re dropping atm.
The long and short of it is that noone has a clue whether prices will remain the same, increase or drop suddenly.
Thus, trying to time the market is a fools errand.
My final thoughts are:
If you need a car, then buy a car.
If you want a specific car and can afford it then buy the car.
If you don't need a car or you can't afford to buy the car you want then don't buy the car.
Any car, priced correctly, should sell in way less than a year. Niche cars, like TVRs, often take a few months. Maybe many of the higher priced cars you've seen with dealers are on SOR.
I've been following prices of a few different sports/GT cars. Examples;
F Type Rs took a tumble in Q4 but recovered a bit this quarter, perhaps because they have stopped making them. To my mind they are about where they should be for a used Jag.
Nearly new Emira's looking better value by the week. I think most people prefer to put their money in a Porsche at this price point.
Mustang V8s, on the other hand, in many cases remain close to their original list price. I suspect this will change with the new model being launched, which has put me off buying one right now.
Porsche's always have great residuals but, to my mind, remain over priced and are surely due a correction. I think owners prefer to keep them rather than accept depreciation. Ten year old 991 S or four year old facelift version of F Type R for the same money? Hmmm.
I've been following prices of a few different sports/GT cars. Examples;
F Type Rs took a tumble in Q4 but recovered a bit this quarter, perhaps because they have stopped making them. To my mind they are about where they should be for a used Jag.
Nearly new Emira's looking better value by the week. I think most people prefer to put their money in a Porsche at this price point.
Mustang V8s, on the other hand, in many cases remain close to their original list price. I suspect this will change with the new model being launched, which has put me off buying one right now.
Porsche's always have great residuals but, to my mind, remain over priced and are surely due a correction. I think owners prefer to keep them rather than accept depreciation. Ten year old 991 S or four year old facelift version of F Type R for the same money? Hmmm.
Jk89 said:
Anyone finding many of the cars in this range have been for sale for a year?
Doesn’t inspire confidence when buying.
It helps to look at a price tracker. It may well have been on for too much and then recently cut to a more realistic level.Doesn’t inspire confidence when buying.
If it's the car you like then DYOR rather than discount it due to being for sale for too long.
fflump said:
It helps to look at a price tracker. It may well have been on for too much and then recently cut to a more realistic level.
If it's the car you like then DYOR rather than discount it due to being for sale for too long.
Price tracker is great. If it's the car you like then DYOR rather than discount it due to being for sale for too long.
You can see the cars that have been reduced as they should, but they are few and far between.
The number of 2019/20 992 that have been sat for a year with no reduction is staggering to me.
Jk89 said:
Price tracker is great.
You can see the cars that have been reduced as they should, but they are few and far between.
The number of 2019/20 992 that have been sat for a year with no reduction is staggering to me.
Browsing >£50k cars it is surprising quite how close private seller asking prices are to dealer pricing levels, including franchise dealers.You can see the cars that have been reduced as they should, but they are few and far between.
The number of 2019/20 992 that have been sat for a year with no reduction is staggering to me.
To me it makes no sense. Selling a car privately is a PITA I just want to find its market value ASAP and get shot of it. In my case it was around at around 25% higher than WBAC or dealer trade-in price, but still 15% cheaper than other similar private sales. Sold in 3 weeks.
On the flip side, the last 4 cars I have bought from dealers had not even been prepped before I agreed a price as I knew they were a good price for the spec I wanted (I am picky) and did not want to miss out. In short, cars at the right price fly off the shelf.
I am surprised though at quite how tolerant some dealers are when it comes to pricing cars unrealistically for months on end. Given they are in ownership of a depreciating asset and the cash can be earning 6% elsewhere on deposit I don't get the business case. Maybe private sellers do not need the money so can float it at a level which the market finds to be unrealistic. Also a fair chunk of £50k+ trade cars outside of main dealer networks are being sold on consignment.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff