Rising car prices - should I sell now or wait? | Ask Honest John

Rising car prices - should I sell now or wait?

Over the last few weeks my 2018 Audi A8 TFSI 55 appears to be increasing in value, now only £2000 less than I paid for it May 2020. Is this increase due to the shortage of components?

I have a new car due for delivery in December, should I sell my A8 now. (Only use the car very occasionally).

Asked on 10 September 2021 by Fritz

Answered by Dan Powell

Rising prices are being driven by a shortage of new cars. Most of the delays are covid-related and linked to a shortage of semiconductors: www.honestjohn.co.uk/news/car-market-1/2021-09/new.../

The problems are long-term and I don't think your car will drop in value between now and Christmas. If anything, it'll be worth more.

Tags: car prices buying and selling premium cars

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