Used car prices..

Zaphan58

Zaphan58

Zaphan58

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Joined
30 Nov 2003
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1,614
Is it just me or does anyone else think used car prices are a little on the high side at the moment? I've been watching the market for a little while now and it just seems like they have gone up and up. :confused:
 
Used car prices traditionally take a lift in Jan... perhaps its just a little early this time around?

Also, if its 4x4 or SUVs you are looking at, they tend to increase in the Winter months
 
I've been looking at updating my 2006 Astra to the newer mk6 model around a 2010 but prices are silly for a 6 year old Astra. There advertised at 4-6k, I bought my current one at at 6 year old for 3k.

Hardly any private sellers either.
 
Inflation happened in the last 6 years too though.

I do agree that sometimes used car prices do seem higher than they used to. Then I remember about inflation (although that's not the whole story).
 
I've also been beaten to cars for sale on gumtree twice that are decently priced that then end up on auto trader for at least £1500 more from a "trader". I wasted 2 hours driving to one to get text saying it's gone.

Funny thing is they don't sell and sit there for months on autotrader. I think there's too many wanna be on street traders propping it all up.
 
[TW]Fox;28958095 said:
Not be anything like enough to make a noticeable impact in December!
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The suggestion that an impact in December is rather unlikely. The increase in demand in Q1 over Q4 in the previous year makes a noticeable difference to prices.
 
[TW]Fox;28958095 said:
Not be anything like enough to make a noticeable impact in December!
Click to expand...

Hence why I said PERHAPS its come a little early this time around i.e. 2 weeks.

Its well known within the industry that used car prices take a lift in January compared to Q4
 
The main reason for that is the subdued demand in the run up to Christmas and the minor bounce back you get once it's out of the way.
 
Agreed, hence the upturn after Christmas so there may be other factors causing the OP to think that prices are higher than they should be...
 
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[TW]Fox;28958197 said:
The main reason for that is the subdued demand in the run up to Christmas and the minor bounce back you get once it's out of the way.
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There's a lot more to it than that. A lot of folks get their bonuses in Q1, making it a peak time for spending on used cars. There's probably also an element of SAD, and perhaps the "New Year, new car" feeling. :)
 
LiGhTfasT said:
I've been looking at updating my 2006 Astra to the newer mk6 model around a 2010 but prices are silly for a 6 year old Astra. There advertised at 4-6k, I bought my current one at at 6 year old for 3k.

Hardly any private sellers either.
Click to expand...

How is 4-6k expensive for a 2010 car :confused:if they are around 16k new I would say the fact it's lost 10k in 5yrs means it's pretty good value. The mk5 Astra was cheap because it's a dreadful car.
I know what Op means about higher prices at the minute I bought a 2006 ST nearly 4 months ago for 5k and I have noticed the prices had gone back up again compared to the summer.
I've always found December/January great to sell my previous cars private!
 
I had to give away my excellent condition 1 Series a month ago, in the end it sold for cheaper than worse condition Cat D equivalents :(
 
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