Second hand prices - will they return to ‘normal’

  • Thread starter Thread starter SkodaMart
  • Start date Start date
For me it’s quite simple. Things are getting more expensive and will continue to get more expensive, the answer for me is to tighten my belt.

Brought our car just before prices started to rise, so I don’t need a car for the foreseeable. Sky contract will be up for renewel at some point, that can go unless they offer a decent deal.
My pc will do me fine for sometime and I’ve just picked up a PS5 so I’m good for a while.

Plenty of people willing to keep spending ever increasing amounts though. I’m just not one of them.

Speaking of which I was shocked that without pressing I was offered £26.70 per month for my full sky package that I was paying £64 per month for plus a £50 credit in my account by the retentions team.

I actually decided to keep it at that price.
 
Speaking of which I was shocked that without pressing I was offered £26.70 per month for my full sky package that I was paying £64 per month for plus a £50 credit in my account by the retentions team.

I actually decided to keep it at that price.
That’s a very good price.
 
My car never really went up on used car buying sites but that's probably because its nearly 14 years old now.

However its a 2.5 litre 5 cylinder turbo petrol engine sitting in my Mondeo and so whilst its old, these are quite rare now.

Maybe I just need to keep it another 15 years after they've banned petrol cars and then it will be valuable. It will be 30 years old and on 300,000 miles by then though.
 
They have gone up, my dads old 06 E Class Estate (v6 diesel) 2 weeks ago was 1850 on Motorway, today its gone up by another hundred. Ive submitted the details to see how much he can really get but anything over 1500 is a billy bonus. That said, i looked into breaking it for him, and engines were still worth a pretty penny.
 
WBAC offering £9k for my 2015 Civic

I paid £9.5k from a well known north west car dealer 2.5 years ago. Considering it sits outside the house most days the temptation to sell keeps on at me but then to replace it with a newer car the cost to change would be what I would get for it plus another £11/16k :cry:

Lots of people thinking ICE cars are going to phased out I just can't see it at these prices, most people will be clinging onto their cars for as long as they possibly can
 
Lots of people thinking ICE cars are going to phased out I just can't see it at these prices, most people will be clinging onto their cars for as long as they possibly can

Except this is a blip due to a global supply shortage of parts to enable manufactures to make the normal level of new cars they'd like to sell.
 
Except this is a blip due to a global supply shortage of parts to enable manufactures to make the normal level of new cars they'd like to sell.

Yes and no, prices might drop a bit when availability gets better, but I can't see them ever returning to previous prices, cars will now be more expensive for the long term if buying new and that will keep used car prices higher than they were
 
Last edited:
Yeah I don’t see it returning back to what it once was.

Cars are much more complex than they were, added complexity will always mean more cost. I think the graphics card market is a prime example of what to expect, Nvidia have proven they can now charge silly money and people will inevitably pay it.

Cars are now more closely related to tech and tech is big business.
 
Hi there

I don't think used cars will ever get back to the lows of pre pandemic. Will they drop back somewhat, seasonal effect aside, yes I think some cars certainly will drop back, especially when new car delays are no longer an issue. However I think this really only applies to more generic cars, like city cars, high volume models etc.

Anything that is slightly collectable or special I feel such cars will remain firm and potentially continue increasing as they are cars that many petrolheads aspire to own or have been a dream car. Also factor in all the 20-30 year olds currently who had a Lamborghini or Ferrari poster on their walls, in 5-10 years some might be in a position to buy and with very limited stock available the prices will be high.

EV cars no matter how fast they are, to me with what is currently available I find them absolutely boring to drive, they have absolutely for me just a tool to go from A to B, I may even consider an EV myself but not because it is fun to drive or I have a passion to own one but simply because in the future it may make financial sense to own one, such as free charging at work or if fuel cost £3 a litre etc. For me nothing can compare to the excitement an ICE car can give just by starting it up, just by looking at the masterpiece of the engine under the bonnet and of course been able to tinker and do DIY on my own car in my own garage. You cannot tinker with an EV, you cannot service an EV except for making changing the disc and pads plus topping up washer fluid. As a work tool, financially an EV makes sense, as an object of fun that creates excitement and makes me grin well ICE all day long, I find a rusty old MX5 a lot more fun and to drive than what an EV can offer. I am not alone in my thoughts, millions of petrolheads out there who think alike and it is why all the cars of the 90's are pretty much gone, bought up what was left and locked away in peoples collections. You can see it happening over the past five years certain models of cars available reducing in numbers, even more so now.

So if its a petrol head, enthusiast, collectable I only see prices moving up or at least holding firm and any price drop that does come will be next Winter now or into 2023 and I mean actual price drop, not the usual seasonal drop.
 
All in the BMW thread, Fox picked it and said it was a good un …. And it then threw a wobbly but seems unwobbly again now after I shouted at it
 
Yeah I don’t see it returning back to what it once was.

Cars are much more complex than they were, added complexity will always mean more cost. I think the graphics card market is a prime example of what to expect, Nvidia have proven they can now charge silly money and people will inevitably pay it.

Cars are now more closely related to tech and tech is big business.


been wanting to change my car for like 2/3 years now, now im priced out of what i want, so my car ive had 7 years now, hope it lasts , its 14 years old
 
been wanting to change my car for like 2/3 years now, now im priced out of what i want, so my car ive had 7 years now, hope it lasts , its 14 years old
Financed is increasingly more popular partly for that reason. Less and less have people got the ability to buy things outright these days. Getting things on tick is an easier way of doing it and of course finance companies love to make easy money.

I won’t buy new for that reason I always prefer to buy outright if I can.

’You Will Own Nothing and You Will Be Happy”? – World Economic Forum’s Davos 2021- The Great Reset
 
Sadly I think it will only get worse. Inflation is increasing fast and shows no signs of stopping. As we exit the pandemic, we’ll still be feeling the effects on the economy for a while.

This coupled with the environmental crisis is going to put even more pressure on car
manufacturers.
 
Let’s be honest we’ll be feeling the after effects of the pandemic for a generation in some form or another.
 
It will be the excuse for price hikes just as the financial crash was for the past decade+.

Prices shooting up and CEOs etc getting ever bigger bonuses, MPs of course get their pay rises so they aren't affected by the problem. But nothing for everyone else.
 
Back
Top Bottom