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4x4 dealers are more likely to take them as that is their core business after all.
Edited by andyfr on 11/11/2008 at 11:26
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4x4 dealers are more likely to take them as that is their core business after all.
Only if they are able to sell them, and at a price which gives them a profit. There's no point in adding to their stock if they can't shift what's there already
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All the Chrysler Jeep and Chevrolet agents in Leeds area seem to have closed down or are in the process of getting rid of their stock and all the ones that I know of in Germany have changed to other franchises and I have seen my first 300c under 12k retail(not new)dropped from 19k it looks like the end for for these brands in Europe.
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I had great trouble trading in the Forester and that was before the economy really went publically down the proverbial.
I just saw two Freelanders at my local Kia dealer, both around the 6 year old mark for less than 4 grand. That looks mighty cheap given a Picanto just two years younger is going for about the same money.
One of our local chains has shut down their countryside Ford dealership and mearged it with their Daihatsu dealership.
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A friend recently traded in his Mk2 laguna diesel. The dealer apparantly wouldn't have taken it if it had been a petrol engine because he couldn't shift them due to high emissions. I think there is still confusion over road tax and it's obviously making people concerned to the extent they do not want to be lumbered with a big thirsty high CO2 emitting car.
If people ain't buying 'em, dealers ain't gonna shift 'em.
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Quite a number of my colleagues went through a phase of running expensive 4x4's, but have moved on to other cars (RS4's are popular now!). I think it was a fashion that is changing, its a case of 'been there, done that'. The used market for upscale 4x4's must also be quite small, unlike a Landrover they are not likely to appeal to farmers or less affluent country people who want go-anywhere transport, but with sensible running costs.
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I think that's a good point. On my travels, I'm beginning to see more and more LED twinkly lights either side of the four hoops. Although the state of the economy and VED changes will have something to do with the drop in 4x4 prices, it is also the curse of things going in and out of fashion. At one point, only footballers and A-list celebs drove extremely expensive 4x4s. With the advent of cheap credit, everyone who wanted one got their hands on one, so every z-lister "celeb" and "me too keep up with the Joneses" got their fix.
Now obviously something new is required, so I think it'll be high specced Audis at one end of the market, and Kas/Fiat 500s at the other end. Possibly the electric Smart as well.
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I think it is not just 4x4s only but anything which drinks fuel, has high ins. grp. & tax.
2-3 year old Hyundai Getz and Sontata cost nearly same at main dealers! Used Kia Magentis is slightly more expensive than Kia Picanto!
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Seems to me the message is that unless you have to change your car now, don't bother. It's panic that drives prices down. If you don't sell, you don't crystallise your loss. Where you'll be in 12 months, none of us can say.
There's been a lot on here recently about the differential between petrol and diesel becoming less worth-while and I susupect that for many posters NCD is high so insurance isn't a major problem.
Who'd sell a nice car for a few quid in VED?
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Who'd sell a nice car for a few quid in VED?
Yes, a lot of people seem to have lost sight of this apparently obvious factor in the decision-making process.
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2-3 year old Hyundai Getz and Sontata cost nearly same at main dealers! Used Kia Magentis is slightly more expensive than Kia Picanto!
Yet I've been offered peanuts for Mrs MLC's Getz in p/x.
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SiL was offered peanuts too for her Fusion, despite being the diesel, cheap to insure and Band B. It's possible no cars are wanted as P/Xs at the minute, but some are less wanted than others!
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Manufacturers must have a huge problem of where to put all the unsold new cars - all the airfields in the country must be full !
I don't believe sales are only down 21%, I reckons there are many many pre-reg vehicals sitting around, and these will be going very cheap in the near future, hence the reluctance of dealers to take on px's
MVP
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I don't know about an electric Smart outside London. Electric cars to me seem just too much hassle with their compromised performance and range and I think the whole electric car thing is just spin, the Diesel Smart that is on the way should be very desirable however. Also cars like the aforementioned Kia, Hyundai, Pandas and the Toyota Aygo/107/C! will all be really strong.
The whole market is in disarray though. People are trying to get low VED band cars and for sensible sized vehicles this normally means Diesel but with the stuff costing 15p more than Premium.....
Any car at the top end of the spectrum seems fair game at the moment. My sister's other half has a 53 reg Impreza WRX only 27,000 miles and weekend and high day use only:it's immaculate but he can't give it away.
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Of course he can, I'll have it.
PM me the address and I will pick it up !
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You know perfectly well what I mean LOL!
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I was chatting to a dealer the other day who had just bought a top spec Nissan Murano petrol auto (leather, TV screen reversing aid etc), 05 reg, 40k mileage for £6500 - the one with the 3.0 litre engine from the 350Z.
He said he had bought and sold an identical one in June for £11,000 and had bought another less than a year ago for £21000.
He had sold it already (not sure of mark-up) because, as we discussed, if you are "saving" say £5000 that buys a heck of a lot of VEDs and fuel and if it's what you want/need then it's a lot of car for £6500.
Reminds me of a friend who in the 1970s (during that oil crisis when petrol prices doubled) swapped his Renault 12 for a Jag V12 - got it for peanuts - and reckoned that even with increase in petrol prices he would come out with a profit - especially since he had always wanted a big Jag.
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And some style class and not least the probably the best engine anywhere in its time - I want one.
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Also cars like the aforementioned Kia, Hyundai, Pandas and the Toyota Aygo/107/C! will all be really strong
Hope one day I can p/x Aygo/Panda and come out with a 3.0 V6 without actually paying anything extra :)
I drive a 1.3 '06 Suzuki Ignis which was quite a rare sight before credit crunch. But nowadays I'm seeing this model more frequently on road. Looks like because of cheaper price than most small mainstream cars, it has become bit more acceptable!
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When I see A Range Rover Vogue TDV8 up for the same money as that Murano there I'll be biiting the dealer's hand off and will wind down the windows to enjoy the insults!
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For those of you that remember, last December I bought a Cat D Shogun 3.2 (2001 Y) - Fortunately I sold this about 2 months ago now for £4K. I look at the prices now and I could buy a clean example with service history from a reputable dealer for about the same money!
On a related note - Range Rover 4.4, 2003 03 for £8,995 retail seems good to me...
And also I've tentatively got my Golf on the market (if anyones interested...), and so far I've had 2 offers. One was a silly low offer, but an offer of £3k from a trader seemed quite good considering I'm asking £4,500 for a 2004 53 plated Golf GTI 150PD, with only 149K on the clock (full history, bodywork in good nick for mileage). And its cheap VED @ £125 I think per year, that and 50 to 55mpg typically. Having said all that I think I might keep it, as its taxed and insured for 8 months still. I'm really looking forward to getting the Vectra Estate... hmm. Not quite the same is it. Sadly its a company car and the choice is Vectra Hatch, Vectra Estate, Astra. No contest really.
I'm looking forward to buying a cheap 4x4 again, perhaps next year....
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with only 149K on the clock....
Blimey, we sell ours before they get to 40,000 miles.
Edited by andyfr on 12/11/2008 at 08:45
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Second hand Lexus LS400 with fsh look dirt cheap... You can buy a great one for under £3k - from those who recognise they are unsaleable at higher prices. Sure 23mpg BUT lots of very nice car for peanuts.. And future depreciation will be zero. Only another 12 months for prices to hit rock bottom.
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