Confirmation that 2nd had values are falling

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Tue 8 Jul 2008 10:25
Confirmation that 2nd had values are falling - Falkirk Bairn
Helphire business announcement - the volume off business is increasing but margins are under pressure - re-sale values of their fleet is falling.
However they do not state if their buy prices have also fallen as manufacturers bie with each other to give bigger discounts.

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Tue 8 Jul 2008 14:32
Confirmation that 2nd had values are falling - Bill Payer
Good - I hope they, and all the other credit hire companies, go bust.
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Tue 8 Jul 2008 15:00
Confirmation that 2nd had values are falling - DP
Well, the market for mkIV Golf diesels is still strong at least. Father in law has just sold his 7 year old, well used German import GT TDI 115 with 90,000 miles for 4 grand, less than 18 hours after placing a standard 20 quid ad on the Autotrader site.

Cheers
DP
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Tue 8 Jul 2008 15:11
Confirmation that 2nd had values are falling - Alby Back
Not all doom and gloom. Just been speaking to a friend. He has just sold his 02 plate Mondeo Ghia diesel estate with 228,000 miles on it for £2500 within 24 hours of placing the ad. He bought it at auction three years ago with 120,000 miles on it for £3800. Never let him down. £1300 for three years and over 100k miles with no trouble, not too bad really.
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Tue 8 Jul 2008 15:59
Confirmation that 2nd had values are falling - Niallster
I have just about destroyed my current car and am just about to change from a high mileage lifestyle to an almost no mileage lifestyle and so am looking for this massive fall in second hand values of gas guzzling luxobarges as I would like to buy one. As yet no one is dropping prices. Maybe in time but not yet.
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Tue 8 Jul 2008 16:49
Confirmation that 2nd had values are falling - Optimist
I'm not sure the market will collapse.

If the price of new motors goes up because the cost of the raw materials has, forcing people to look at a second-hand market which may be contracting because people aren't selling into it.........
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