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Thread: Used Car Values - Good News!!

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    Regular Member Maverick's Avatar
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    Thumbs up Used Car Values - Good News!!

    I was talking to the sales manager at my dealer today whilst having an oil change done, and he said that there are signs of used car values starting to recover.

    It is estimated in the trade, that over the next 12 months there could be a good increase in values due to the forth coming lack of new cars entering the used car market.

    As the new cars sales nationally are down by 60% over the same period last year, it will have a positive effect on the used stuff as they will be more in demand!

    At last some positive good news!

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    So what your saying is....

    I can drive my motor about and when i come to sell it it could be worth the same as when i bought it?

    MMmmm

    Would love to see it happen but i very much doubt it will.... IM a bit of a sceptic me

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    Regular Member Tadpole's Avatar
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    No mention of my 04 then, oh well just have to keep it. ..

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    Regular Member RobW's Avatar
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    lol

    No mention of the car you'd be buying increasing in value too then! Works on both ends remember, the used car prices will go up so the 'balance to change' will increase too!

    Whats happening in the market at the moment is the dealers are paying £1000 over book for used stock, where is that money going to come from? It will be across the window and out of your pocket.

    The only time anyone should be worried about the value of their car is when its due to trade it in or sell it.

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    Very true Rob
    whether prices are low or they go up itll be the same 2when you want a car if you buy second hand again.
    I was offered £2k for my Sri against a 4k car if mines worth more say 2.5k theyll want 4.5k for the 4k car

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    Exactly.

    The dealers are not stupid, they know whats happening before it happens so adjust to compensate.

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    Regular Member Maverick's Avatar
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    Quote Originally Posted by Diet1985 View Post
    So what your saying is....

    I can drive my motor about and when i come to sell it it could be worth the same as when i bought it?

    MMmmm

    Would love to see it happen but i very much doubt it will.... IM a bit of a sceptic me
    Of course I am not saying that. What I am saying is that if a Vectra 1.9 CDTi 150 SRi on an 06 plate is worth say £5000 now, it 'could' still be worth pretty the same at the end of this year as the used value's become stronger.

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    There is also a difference now then say 2 years ago.

    If for example your looking to buy a 12 month old Zafira SRi 1.9 150, theres loads to choose from due to loads of cars being registered

    But this time next year, if your looking to buy a then 12 month old Zafira SRi 1.9 150 the residuals will be stronger as there will be less 12 month old cars available due to a 60% drop in new registrations now.

    That is what the trade is acticipating to happen.

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    Quote Originally Posted by Maverick View Post
    Of course I am not saying that. What I am saying is that if a Vectra 1.9 CDTi 150 SRi on an 06 plate is worth say £5000 now, it 'could' still be worth pretty the same at the end of this year as the used value's become stronger.
    Yes i get what u mean but like rob said... the next 2nd hand motor u go to buy will be worth more too, its the same as houses.... you may have made a tidy sum on ur house but if u want to move u dont actually see any of the profit.

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    Regular Member videodoctor's Avatar
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    Sell your car for more on the second hand market for more than its worth now(according to prediction) and then buy a brand new one with a massive discount due to them not selling.

    That way its a win win situation

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