current used car prices

Anything goes in here.....
Post Reply
User avatar
DJ
Posts: 1409
Joined: Sun Jul 15, 2007 8:11 pm
Location: East Lothian

current used car prices

Post by DJ » Fri Mar 05, 2021 1:07 pm

I started looking about a month ago for a replacement family SUV thing. There were quite a few options I would have enquired about had I been in a position to buy back then. I had kept an eye on them over the last few weeks and all remained there. Within the last week or so all 4 or 5 cars I would have considered have sold. A couple of new ones have popped up as per my autotrader filters and all have disappeared again or marked as sold in less than 2 days. Having seen around 2 or 3 cars of one particular model matching my filters, there are now none. For another model it has gone from 14 cars available in my range to just 5, and the lowest price point has increased by about £1500 in just over a week.
I called about a car this morning and just looked at it again on-line and they have increased the price by £400 in last 2 hours! Now I am in a position to buy it seems prices are on the up and availability dropping.
I am guessing those that have saved money during Covid or held off buying are becoming more confident and starting to buy or upgrade. Anyone else looking noticed anything similar?
'03 Elise 111S - Sold :(
'55 Boxster S - Sold :(
'08 Exige S 240PP - Sold :(
'10 Evora NA - Sold :(
'12 Cayman R :)

User avatar
douglasgdmw
Posts: 2754
Joined: Thu Apr 27, 2006 1:31 pm
Location: Pentlands

Re: current used car prices

Post by douglasgdmw » Fri Mar 05, 2021 2:47 pm

Don't know if it helps you but if you are looking for Land Rover or Jaguar SUV's, then I can put you in touch with a contact in Farnell Leeds who we bought our Evoque Ember from in December?

Just in case she knows of anything coming in?

Sent from my SM-G930F using Tapatalk

Alpine A110S
Mini JCW
Land Rover Defender Puma 90
Land Rover Series 2a softop

User avatar
DJ
Posts: 1409
Joined: Sun Jul 15, 2007 8:11 pm
Location: East Lothian

Re: current used car prices

Post by DJ » Fri Mar 05, 2021 7:02 pm

Thanks George. If you get a minute drop me details here or via a PM. Not been a successful day in making progress - left messages elsewhere and no call backs. Definitely feels like things have turned these last few weeks....
'03 Elise 111S - Sold :(
'55 Boxster S - Sold :(
'08 Exige S 240PP - Sold :(
'10 Evora NA - Sold :(
'12 Cayman R :)

User avatar
campbell
Posts: 17191
Joined: Sat Mar 25, 2006 12:42 pm
Location: West Lothian
Contact:

Re: current used car prices

Post by campbell » Sat Mar 06, 2021 12:32 am

They’ll turn again once people start losing their jobs

All cynicism apart, Dickson, I’m sorry to hear your frustration. Used market def seems upside down. Worth a look at new order again instead? Might be some deals to be had. Close to quarter end too
http://www.rathmhor.com | Coaching, training, consultancy

User avatar
douglasgdmw
Posts: 2754
Joined: Thu Apr 27, 2006 1:31 pm
Location: Pentlands

Re: current used car prices

Post by douglasgdmw » Sat Mar 06, 2021 9:11 am

DJ wrote:Thanks George. If you get a minute drop me details here or via a PM. Not been a successful day in making progress - left messages elsewhere and no call backs. Definitely feels like things have turned these last few weeks....
Sent you a DM last night, so let me know if you didn't get it Image

Sent from my SM-G930F using Tapatalk

Alpine A110S
Mini JCW
Land Rover Defender Puma 90
Land Rover Series 2a softop

User avatar
DJ
Posts: 1409
Joined: Sun Jul 15, 2007 8:11 pm
Location: East Lothian

Re: current used car prices

Post by DJ » Sat Mar 06, 2021 6:51 pm

Thanks George. :thumbsup

Lol, didn’t mean to sound frustrated, Campbell, and of course not looking to take advantage of anyone’s misfortune. I am surprised at the pick-up in the market the last couple of weeks. I also thought there would be lots of trade-ins for the new plate around this time and was expecting the opposite to what I am seeing. Prices up and availability down. Anyway, impatience got the better of me today. Deposit paid at lunchtime and looking forward to new-car Friday :D
'03 Elise 111S - Sold :(
'55 Boxster S - Sold :(
'08 Exige S 240PP - Sold :(
'10 Evora NA - Sold :(
'12 Cayman R :)

User avatar
campbell
Posts: 17191
Joined: Sat Mar 25, 2006 12:42 pm
Location: West Lothian
Contact:

Re: current used car prices

Post by campbell » Sun Mar 07, 2021 2:39 am

Pics pls
http://www.rathmhor.com | Coaching, training, consultancy

User avatar
Kinger
Posts: 1544
Joined: Wed Jan 27, 2010 10:12 pm
Location: Aberdeen

Re: current used car prices

Post by Kinger » Sun Mar 07, 2021 8:58 pm

On a similar note I had been looking at five Mk5 Golf GTI's a couple of weeks ago, they were low mileage higher priced examples. I had book marked the adverts, just had a look and they have all been sold. At least I no longer have to test the buying of one with the wife, maybe best I stick with what I've got.

User avatar
DJ
Posts: 1409
Joined: Sun Jul 15, 2007 8:11 pm
Location: East Lothian

Re: current used car prices

Post by DJ » Mon Mar 08, 2021 2:37 pm

Kinger wrote:
Sun Mar 07, 2021 8:58 pm
At least I no longer have to test the buying of one with the wife, maybe best I stick with what I've got.
Stick with the wife, or the car?... or both? :lol:
'03 Elise 111S - Sold :(
'55 Boxster S - Sold :(
'08 Exige S 240PP - Sold :(
'10 Evora NA - Sold :(
'12 Cayman R :)

User avatar
Lazydonkey
Posts: 5137
Joined: Sun Aug 07, 2005 6:24 pm
Location: Glasgow
Contact:

Re: current used car prices

Post by Lazydonkey » Thu Mar 11, 2021 9:49 am

M2 prices have definately bounced since i sold in May. Sigh.

But from what i gather used sales have been really good for some time now.
i3s, Volvo and more pushbikes than strictly necessary.

....did i ever tell you about the Evora and VX220 i used to own?

User avatar
DJ
Posts: 1409
Joined: Sun Jul 15, 2007 8:11 pm
Location: East Lothian

Re: current used car prices

Post by DJ » Thu Mar 11, 2021 12:06 pm

The offset is I am seeing the same on the other side. I have always ended up trading in our main car the last few times we have changed despite advertising privately first. This time I had 3 calls about the wife's GLC and sold it privately. Also the MINI I stuck in the Classifieds on here sold 2 days after I put it up for sale elsewhere.
'03 Elise 111S - Sold :(
'55 Boxster S - Sold :(
'08 Exige S 240PP - Sold :(
'10 Evora NA - Sold :(
'12 Cayman R :)

User avatar
campbell
Posts: 17191
Joined: Sat Mar 25, 2006 12:42 pm
Location: West Lothian
Contact:

Re: current used car prices

Post by campbell » Fri Mar 12, 2021 1:33 am

Was a very nice MINI that.

But not our colour. Plus not allowed to buy just now
http://www.rathmhor.com | Coaching, training, consultancy

User avatar
scott_e
Posts: 2166
Joined: Thu Sep 29, 2005 5:13 pm
Location: Broughty ferry

Re: current used car prices

Post by scott_e » Thu Mar 18, 2021 8:05 am

Interesting. Looks like the global semi-conductor supply problem is having a serious effect on reducing new car production too. Very likley driving up used car prices.

Suffering from poor sales, car manufacturers cut their orders from the Chinese factories making computer chips. In response, the chip supply from factories was transferred to other sectors that had high demands ...... And unable to retrieve cancelled orders when demand for cars grew, Volkswagen, Honda, Toyota and General Motors all had to reduce production.

Ref:
https://www.bbc.co.uk/news/technology-56433082
https://www.bbc.co.uk/news/technology-55704936

User avatar
douglasgdmw
Posts: 2754
Joined: Thu Apr 27, 2006 1:31 pm
Location: Pentlands

Re: current used car prices

Post by douglasgdmw » Thu Mar 18, 2021 9:05 am

Yep there has been a definite difference in the market.

Just prior to Covid I we were looking to replace the Boxster Spyder with an Aston Martin N430 that was in stock in Edinburgh. As Edinburgh's trade in was well off the mark, I explored trading it in with other dealers to see whether it was worth it but their prices were pitifully low.

A year and a bit later and my advert has gone live also on Pistonheads, got a number of requests from dealer to buy as trade and the price has increased by £5k.

Still not enough to get me to sell to trade however.

George
Alpine A110S
Mini JCW
Land Rover Defender Puma 90
Land Rover Series 2a softop

Post Reply