Is it me or are all the £1500 cars now £5k?
- Thread starter Rilot
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Caporegime
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I got £3000 for my Suzuki Ignis Sport in the August just gone. 2 previous owners 113k on the clock. I paid £1900 for it in 2013 with 41k on the clock!
I really wanted a new 5 series estate to replace my Saab but ones in decent condition and engine wise/ reasonable miles are going for 25k for a 6 year old car!
I really wanted a new 5 series estate to replace my Saab but ones in decent condition and engine wise/ reasonable miles are going for 25k for a 6 year old car!
Underboss
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cost of living crisis is not helping the "bottom" of the market, they are in higher demand at the moment, so like people have said, £500 quid cars are now doubled in price
I can see the secondhand car prices getting far worst as we get nearer to the petrol & diesel car ban
As an EV is close to be useless for many people
(I.E like people that only have on street parking, people that worry about the cost to replace the battery , etc)
As an EV is close to be useless for many people
(I.E like people that only have on street parking, people that worry about the cost to replace the battery , etc)
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Associate
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Agreed. Ridiculous. I wanted a 3.0L 5 touring but £££
Caporegime
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Yeah COVID plus people being forced into a form of transport they don't really need with EV's means the pool of good quality used cars is going down.
Manufacturers are also ramping up prices and charge more for less. Look at Ford for example dropping the Fiesta and Focus completely. Instead charging thousands more for an SUV that no one's really needs with the Puma.
We have had too good for far too long compared to the continent though so I guess we cannot complain too much.
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Soldato
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Still holding out to replace our 2008 civic. Things are improving (as in prices are actually moving downwards). Still nuts even for a lot of older cars though, 2014-2016 cars should not be holding so much value.
Underboss
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same here, i have a 2008/9 Focus.. (10 years I've had it later this year)
Soldato
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Can't remember when we bought ours. I think it was 2 years old and cost £10k and it was a top of the range. I checked general inflation and the equivilant today would be about £15k which did suprise me a bit. Still that £15k would only buy me a 4-5 year old lower spec car with relatively high miles.
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Eh?!
Caporegime
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Maybe with Onlyfans you don't need a car to pickup girls on street corners anymore?
I'd love to know your logic behind this, certainly shopping has been made easier with online, and maybe more working from home reduces that need but I still couldn't be without a car...
Associate
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I’m very close to being able to live without a car. Since Covid I’ve been working from home. I get my shopping delivered. The car is only really used weekends for leisure. Since it’s sitting on the drive most of the time I’m contemplating downsizing to something like a Toyota Aygo which will cost peanuts to own - shudders!
interesting videos about cheaper cars - what the dealers pay at auctions (1-2K) and what the markups are
e: -> https://youtu.be/Wjo_bnYn8NY?t=965
e: -> https://youtu.be/Wjo_bnYn8NY?t=965
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Putting aside the mad EV ramblings you seem to enjoy, your point about Ford is complete nonsense.
Ford have been in the process of exiting the ‘car’ game for a long time for one simple reason: they don’t make any money on them.
They’ve not really made a profit in Europe for a LONG time and they market share is close to half what it was in 2010. This strategy started in the USA before COVID (back in 2018…).
All their profit comes from their big SUVs, trucks and vans. The former two mainly in America.
Ford cars do ‘okay’ in the U.K. but in the rest of Europe they might as well just not bother.
There is also the irony of the Puma being more popular than both the focus and fiesta…..
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The market certainly has been challenging for a while. Buying a car for my daughter to learn to drive in was an eye opener. Never thought I'd spend nearly £6k on it....but that's the point in the market that I thought represented "value".
Things are definitely dropping though, with the fear surrounding second hand EVs there are some bargains out there.
Things are definitely dropping though, with the fear surrounding second hand EVs there are some bargains out there.
It's been like it since lockdown and not just with cars, everyone is taking the **** with prices
Yea but the fear is justified. If the batteries die you may as well scrap the car. It doesn't get any cheaper to replace them.
Yea but the fear is justified. If the batteries die you may as well scrap the car. It doesn't get any cheaper to replace them.
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Caporegime
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You are very misinformed as the Puma was not more popular than the Fiesta but rather Ford due to chip shortages focused production on the Puma. The Ford Fiesta was the best selling car in the UK 2017,2018, 2019 and 2020. That market share doesn't disappear over night without outside influence.
The reasons for Ford dropping the Fiesta maybe true as there are bigger profit margins in these "SUV" type cars but it wasn't more popular.