The rise of the used car market

Felonious Crud

Felonious Crud

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hashluck said:
As a couple have recently sold their GTs to WBAC at prices they are very happy with, I thought I would put my 780 mile 2011 Stradale in and see what popped out - £33K! Hmmm, the car is not for sale of course but their algorithms can do one in this case anyway :)
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I'll take it off you for 35, John. 'owd out yer 'aand, you've got yerself a baargin'.
 
V

Vince2

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Thought I’d see what my 2012 GTS Auto 38,000, FSH, 2nd owner would fetch on WBAC.
22/7 £30.745
1/8 £31,000
15/8 £31,650
29/8 £31,725
Don’t want to sell but it’s interesting how it’s going up.
another 12 months and I’ll get my money back!
 
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Contigo

Contigo

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dgmx5 said:
I know it's a quick way to sell, but a forum member may have been prepared to offer you what you got from WBAC rather than feeding the monster.

I am sure the eagle eyed, @MarkMas , will spot its appearance on the market in due course
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No thanks, had too many tyre kickers in the past and people expecting the Earth of cars etc.. the joy for me is to take it down there, let them give me a value and then walk home. Done deal, easy, effortless. Will be doing the same with another car this coming week too. I think people knew the car was for sale so they have plenty of chance to come to me with an offer!
 
mjheathcote

mjheathcote

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Contigo said:
No thanks, had too many tyre kickers in the past and people expecting the Earth of cars etc.. the joy for me is to take it down there, let them give me a value and then walk home. Done deal, easy, effortless. Will be doing the same with another car this coming week too. I think people knew the car was for sale so they have plenty of chance to come to me with an offer!
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How much has Phil slipped you?!!
 
dickygrace

dickygrace

www.richardgracecars.co.uk
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foibles said:
I don't get all this talk of a supposed rise in used car prices. I'm seeing some astounding bargains, and at these prices there's something for everyone...

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It’s a funny one. Some cars have appreciated hugely, say around 20-25% such as SQ5’s, Macans, Vanquishes and GT Sports. Most cars have edged up a little, say 5%, lots haven’t changed at all. I’ve already noticed that those models that have gone up too much are already on their way back down.
 
Nayf

Nayf

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Oneball said:
The USA 25 year old car import rules are what have driven the massive increase in prices of Supras, GTRs etc.
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You have to figure in a LHD Supra TT Manual is very very very very rare. Most were autos - it was a big soft GT to begin with after all - and the vast majority of the world’s stock is RHD. Add in low miles and the scene around them, it’s not a surprise.
We don’t see whining about outside bonnet lock flat floor E-types, do we? At least the Supra doesn’t have a Moss box, no legroom and external latches to add many thousands to the price…
 
Bladerunner

Bladerunner

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dickygrace said:
It’s a funny one. Some cars have appreciated hugely, say around 20-25% such as SQ5’s, Macans, Vanquishes and GT Sports. Most cars have edged up a little, say 5%, lots haven’t changed at all. I’ve already noticed that those models that have gone up too much are already on their way back down.
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Pleased to say we own an SQ5…Looking at what’s out there ours is definitely +15-20% on purchase price.

All depends on spec per the usual rules
 
J

JJbing

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445
dickygrace said:
It’s a funny one. Some cars have appreciated hugely, say around 20-25% such as SQ5’s, Macans, Vanquishes and GT Sports. Most cars have edged up a little, say 5%, lots haven’t changed at all. I’ve already noticed that those models that have gone up too much are already on their way back down.
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The dealer whom I sold my Vanquish to for a 13% profit has just sold it for a £6k profit within 3 weeks of holding it in stock! I think they were undervalued at £70k, even if it wasn't to my taste.
 
dickygrace

dickygrace

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JJbing said:
The dealer whom I sold my Vanquish to for a 13% profit has just sold it for a £6k profit within 3 weeks of holding it in stock! I think they were undervalued at £70k, even if it wasn't to my taste.
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I agree, Vanquishes were undervalued in my opinion, as were the other models I mentioned. That is key to why they’ve gone up so far over the course of the summer.
 
c4sman

c4sman

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vanquish is an epic car and debated one before buying the GT but rear seats made it a no go. Still huge value for money for that engine, those looks and road presence.
 
Felonious Crud

Felonious Crud

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An all carbon car with a snorting V12. What's not to love! Other than those stupid back seats. They did a few two-seaters, but they're rare.
 
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