I may just do that. I've never had a car increase in value.
WBAC Values
- Thread starter Gibbo
- Start date
Associate
Are all these increases mainly just on petrol engined cars or diesels as well, what with all the hate for diesel going forward ?
Soldato
Went with my Dad yesterday to our local WBAC, he had a 2018 Hyundai Tuscon diesel with good spec and low miles and pretty much immaculate. He paid £17.5k for it from a dealer approx 15 months ago. WBAC offered £18.8k for it online which is swy he took it in, after the inspection they knocked it down for a few stone chips and final offer was £18,502 after the chips away and admin fees so he said go ahead. I was honestly very surprised at how good they were, the guy that dealt with us was clearly into cars and knew his stuff and wasn't trying to knock as much money off as possible.
Plenty of other nice cars there too, was a 2013 911 Turbo S there just before us, and a BMW 8-series just after. The guy said last Saturday they bought over £750k worth of cars, no end of high end cars coming in.
But the guy we spoke to said he's fully expecting prices to drop £500-1000 in the coming weeks.
Plenty of other nice cars there too, was a 2013 911 Turbo S there just before us, and a BMW 8-series just after. The guy said last Saturday they bought over £750k worth of cars, no end of high end cars coming in.
But the guy we spoke to said he's fully expecting prices to drop £500-1000 in the coming weeks.
Last edited:
Out of interest which Aston do you have please?
Never seems to get mentioned unlike the rest of the garage!
Industry expects prices to drop for the new car regs in September but after that they will be back up again.
So sell now or wait a couple of months.
I use it quite regular and have posted it a few times, it’s a totally stock but absolutely pristine example of a 2009 4.7l V8 Vantage manual with very low mileage.
I feel priced might soften in Winter but the gains will continue next year, the future looks very boring with electric taking over so the great cars will explode in value in years to come but I do think more regular stuff that is doing well now will lose value once shortages of new cars are over but the fun stuff is likely to keep going.
Certain cars have completely disappeared from the market and a lot of it is because people are buying cars to keep to drive and enjoy them and others to collect them.
Soldato
- Joined
- 27 Mar 2013
- Posts
- 9,340
I'm struggled to tell as on my phone, but are the last 3 latter's AMV? If so, nice choice for the car.I use it quite regular and have posted it a few times, it’s a totally stock but absolutely pristine example of a 2009 4.7l V8 Vantage manual with very low mileage.
I feel priced might soften in Winter but the gains will continue next year, the future looks very boring with electric taking over so the great cars will explode in value in years to come but I do think more regular stuff that is doing well now will lose value once shortages of new cars are over but the fun stuff is likely to keep going.
Certain cars have completely disappeared from the market and a lot of it is because people are buying cars to keep to drive and enjoy them and others to collect them.
Well he's hardly going to say "prices are booming lads, I'd hold on to it you'll get more money next week!"
That's not to say it isn't true but I assume they are incentivised somehow for making deals at a given margin.
Anecdotally it looks to be plateauing to me, at least at the stuff I track. McLarens have stopped creeping up as have V10+ R8s, cars with boring specs / high miles are back to sitting on the market for weeks/months whereas at the start of summer things were selling the same day even if not that desirable.
GR is indeed still mental, but I'll be holding on to it. I just did 600 miles in Wales this week and I can't think of a better car. Absolute hoot on the B roads, radar cruise for M4 traffic and small enough to park at the awkward little seaside spots we wanted to go. I wish it could be an auto sometimes but that's it.
GR is indeed still mental, but I'll be holding on to it. I just did 600 miles in Wales this week and I can't think of a better car. Absolute hoot on the B roads, radar cruise for M4 traffic and small enough to park at the awkward little seaside spots we wanted to go. I wish it could be an auto sometimes but that's it.
Well he's hardly going to say "prices are booming lads, I'd hold on to it you'll get more money next week!"
That's not to say it isn't true but I assume they are incentivised somehow for making deals at a given margin.
They aren't. They are paid a bonus which is based solely on the accuracy of their report against the report the valuers do at the auction.
When they first came about, they were incentivised on how much they knocked off but that was quickly changed as it broke 'treating customers fairly' guidelines.
Soldato
Could well be a small drop next month for the plate change.
Last edited:
Could well be small drop next month for the plate change.
Not disagreeing but why would this be? Genuinely curious.
Most people trading in their used cars for the suite of new 71 plates, so the used car market have more options?
Soldato
If the value of a car is primarily based on the plate and the mileage, once a new plate comes out then essentially every car is now a plate older than it was.
Trade-ins also have an effect on values as you suggest.
Cheers, absolutely fair point. I guess I was looking at the used vs new markets as separable segments, when in reality just because x person decides to buy a new car, doesn't mean the y used market isn't impacted.
However with the current state of the used market mixed with new car chip shortages I have no idea what to predict.
I still think the new plates will cause a small dip for month but it will be back to pre prices the month after.
For both the reasons that a new plate always does cause a drop in the second hand price market as everything is perceived to be older and also it is normally the month with the most new cars delivered and hence the most number of fresh used cars entering the market.
Now whether manufacturers will be able to deliver all those new plate car orders is another matter..............
For both the reasons that a new plate always does cause a drop in the second hand price market as everything is perceived to be older and also it is normally the month with the most new cars delivered and hence the most number of fresh used cars entering the market.
Now whether manufacturers will be able to deliver all those new plate car orders is another matter..............
Soldato
- Joined
- 30 Sep 2005
- Posts
- 16,712
I've just done another price check and it's gone up another £500!! That's £1,500 in the last two months. £2,000 since I first started checking.
Think the times come to get rid of our second 'covid emergency get to work' car.
Think the times come to get rid of our second 'covid emergency get to work' car.