Parkers: Accurate Valuations?

John_V85 · 5 Jul 2006 at 21:48

Hi,

Does Parkers (www.parkers.co.uk) actually give realistic valuations, and should I be expecting/looking to pay/negotiate the prices it quotes? I've noticed that on autotrader that most (if not all) of the cars are priced well above their parker quoted value (more than an amount added to allow room for negotiation back down to that price), and similarly on ebay most cars are selling above their respective values according to Parkers.

Any thoughts would be appreciated.

Cheers

John

timbob · 5 Jul 2006 at 22:01

I think parkers has a reputation for not being too hot on prices. Glasses Guide is much better, but you need to pay (a small amount) for a valuation, unless you're a trader, and already signed up.

[TW]Fox · 5 Jul 2006 at 22:01

timbob said:
I think parkers has a reputation for not being too hot on prices. Glasses Guide is much better, but you need to pay (a small amount) for a valuation, unless you're a trader, and already signed up.

Or ask me

Maz · 5 Jul 2006 at 22:03

[TW]Fox said:
Or ask me

Do you subscribe to Glasses?

v0n · 5 Jul 2006 at 22:03

Parker's valuations are completely off the wall and in most cases have nothing to do with real life prices. Some circles even reckon they get paid to create higher seasonal second hand prices for certain makers...

[TW]Fox · 5 Jul 2006 at 22:04

Maz said:
Do you subscribe to Glasses?

Nope, but I have the paper version.

John_V85 · 5 Jul 2006 at 22:09

So, if the Parkers prices are off, do they tend to follow a pattern, e.g. are they too high, too low, etc, or is it completely random? Looking around, everyone seems to be selling at higher prices.

jp7152 · 5 Jul 2006 at 22:11

Parkers seem a bit random to me.

I use CAP.

[TW]Fox · 5 Jul 2006 at 22:11

jp7152 said:
I use CAP.

I wanted a CAP Black Book but found getting hold of one if you were not a trader to be somewhat difficult.

Third Opinion · 5 Jul 2006 at 22:14

Well parkers think that 50k for my six year old car is high mileage??? I thought the average was 10-12k a year. I put in the year and model and it comes back saying the car should have travelled 36k so they adjust over a grand off it.

[TW]Fox · 5 Jul 2006 at 22:15

Third Opinion said:
Well parkers think that 50k for my six year old car is high mileage??? I thought the average was 10-12k a year. I put in the year and model and it comes back saying the car should have travelled 36k so they adjust over a grand off it.

Parkers mileage ideas is ridiculous. Whats your car make/model/spec/mileage?

Maz · 5 Jul 2006 at 22:20

[TW]Fox said:
Nope, but I have the paper version.

That's what I meant, do you subscribe to get the Glasses Guide book every month?

John_V85 · 5 Jul 2006 at 22:26

[TW]Fox, could you please tell me how a 1997(P) Peugeot 406 2.0GLX with 112k miles is priced by Glasses.

[TW]Fox · 5 Jul 2006 at 22:27

Nope my book only goes back as far as 99. Not very much is the answer.

John_V85 · 5 Jul 2006 at 22:30

Ok, take a 99 model (other details the same) then.

djjuk · 5 Jul 2006 at 22:31

[TW]Fox said:
Or ask me

BMW 330Ci Sport Auto 2002 (52) 17K...Cheers mate

Am now considering this or similar used, instead of a new pcp motor...Choices Choices!!

[TW]Fox · 5 Jul 2006 at 22:34

£1925 retail
£625 Trade

Thats for a 99S

[TW]Fox · 5 Jul 2006 at 22:41

djjuk said:
BMW 330Ci Sport Auto 2002 (52) 17K...Cheers mate

£19750 retail
£17275 trade

Thats assuming it has leather. Also my guide is for last month, but it says prices have only really moved by a hundred quid or so since the month before.

djjuk · 5 Jul 2006 at 22:43

Hmm so 15.5k on a private sale is either an absolute bargain, or slightly suspect.

Deep · 5 Jul 2006 at 23:14

Fox how much for a peugoet 307 dec 04, bout 50000 on the clock