Surpricing news

I am confused about second-hand car prices. Have they risen recently, either because of an allegedly improving economy, or because the scrappage scheme has pulled a large number out of the market? Or have they fallen, as your DT colleague Mike Rutherford recently suggested in his column? I ask because I am having trouble with my wife. A couple of months ago we bought an ex-Skoda UK 1 year-old Octavia Elegance estate 1.9TDI with DSG. I need the DSG because of a deteriorating left knee. I had intended we put my wife's 3-year-old Fabia 1.9TDI Ambiente in as P/X, but she was unhappy about the sum offered by our main dealer and refused to play ball. I have told her that what we paid for it 2 years ago bears no relation to what it is now worth retail, let alone trade. Indeed it would have lost about £1k as we drove it off the forecourt of the garage. But she doesn't see it that way. My nephew is in the trade and has given us book trade and retail prices. He will not take it as he is 350 miles away and works for a FIAT dealer. I can’t to judge whether his figures are realistic because one does not see many Fabias advertised. It is losing a few hundred a month sitting on our driveway, although my wife has yet to be convinced of the fact. Should we try to sell it privately or try through the website company you recommend, whose name I have forgotten?

Asked on 6 February 2010 by R.S., Hitchin

Answered by Honest John
I have explained this before many times. Used car prices rose in the UK for the first 8 months of 2009 because Sterling has fallen by between 30% and 40% against most other major currencies making used cars in the UK cheap and therefore worth importing from the UK. The extent of this (supply and demand) forced UK prices up to a point where they plateaued in August/September. That and the usual seasonal decline in used car purchasing meant that by early November used prices were at their lowest point of the year, but, following the pattern of the past 15 years, they then started to rise again. Scrappage has removed 1% of used cars from the market, but the age of these cars is concentrated around 10 - 15 years. Use www.sure-sell.info and you will get a competitively bid fair price on the day, and you'll receive your money within 4 working days. Much better than all the messing around and dangers you may incur attempting to sell it privately.
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